PASADENA, Calif., Feb. 29, 2024 /PRNewswire/ — ExchangeRight, one of the nation’s leading providers of diversified real estate REIT and DST investments, has announced that the Essential Income REIT’s tax-equivalent yield on 2023 distributions was 9.91% for its Class A shares and 10.54% for Class I shares. The company’s calculations of tax-equivalent yield assume an investment was made for the full year at the REIT’s current offering price, with a 37% federal income tax rate, an 8% state income tax rate, and a 3.8% Medicare surtax.