Share Based Compensation

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

The Company's board of directors approved the EQT Exeter Real Estate Income Trust, Inc. Independent Director Compensation Plan (the "Director Compensation Plan"), pursuant to which, up to 500,000 shares of the Company's Class E common stock are available for issuance. On September 1, 2023, the Company issued an aggregate of 38,500 restricted shares of Class E common stock to the Company’s four independent directors as compensation for their services pursuant to the Director Compensation Plan. The restricted shares of Class E common stock will vest (i) on the one year anniversary of the grant date, provided that the independent director remains on the board of directors on such vesting date, or (ii) upon the earlier occurrence of his or her termination of service due to his or her death, disability or, if approved by the board of directors, upon a change of control of the Company or for “good reason.” During the year ended December 31, 2023 and the period ended December 31, 2022, the Company recorded $128,333 and $0 of restricted stock amortization in general and administrative expenses in the consolidated statements of operations. The following summarizes the activity for Class E common stock issued pursuant to the Director Compensation Plan during the year ended December 31, 2023:


For the Year Ended December 31, 2023				As of December 31, 2023
Type	Restricted Stock	Weighted Average Grant Date Fair Value (per share)		Remaining Amortization Period	Unrecognized Compensation Cost
Unvested restricted shares as of December 31, 2022	—
Granted	38,500	$	10.00	8 months	$	256,667
Forfeited	—
Vested	—
Unvested restricted shares, December 31, 2023	38,500