ExchangeRight Essential Income REIT Increases NAV to $27.46 Per Share

ExchangeRight Essential Income REIT, a non-traded real estate investment trust sponsored by ExchangeRight and focused on net-leased properties operating in necessity-based retail and healthcare industries, has increased its net asset value to $27.46 per share, based in part on an independent real estate valuation of the REIT’s real estate by KPMG, combined with its other assets and liabilities, as of Dec. 31, 2025.

This represents a nearly 0.59% increase from the previous NAV per share of $27.30 as of Sept. 30, 2025, and a year-over-year increase of 0.33%.

As of the end of 2025, the Essential Income REIT’s portfolio included 357 properties net-leased to 40 primarily investment-grade tenants operating in the necessity-based retail and healthcare industries and diversified across 35 states. Its total NAV was approximately $718.3 million.

The company reported that its monthly distribution rate to investors has remained stable and has grown five times since its 2019 launch, including through multiple periods of economic volatility.

The REIT’s adjusted funds from operations continue to fully cover its current annualized distributions for all share classes, as has been the case since its inception. Current net distribution rates are 6.33% for Class I shares, 6.08% for Class D, 5.26% for Class S, and 5.95% for Class A.

Last summer, the company launched its Class D shares. According to ExchangeRight, the Class D shares feature 0% net upfront commissions; no placement agent fee; and no advisory, financing, or disposition fees, which the sponsor describes as among the industry’s lowest fee structures. As of Dec. 31, 2025, the REIT had sold 68,817 Class D common shares equaling approximately $1.875 million in total capital raised.

The company is currently conducting a private placement offering on a continuous basis of up to $2.165 billion of common shares of beneficial interest, offering Class I, Class A, Class S, Class D, Class ER-I, Class ER-A, Class ER-S, and Class ER-D common shares.

ExchangeRight and its affiliates’ vertically integrated platform features more than $7.1 billion in assets under management, diversified across more than 1,400 properties and approximately 27 million square feet throughout 48 states, as of Dec. 31, 2025.

Earlier this year, ExchangeRight appointed Betsy Ward as senior vice president of national accounts. In this role, Ward aims to advance ExchangeRight’s national distribution strategy by expanding and deepening relationships with broker-dealers, registered investment advisers, and institutional partners.

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