Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Real estate investments, at cost:
Land and improvements		$ 355,184	$ 278,985
Building and improvements		748,004	584,385
Lease incentive		2,275	2,275
Construction in progress		11,263	4,076
Intangible lease assets		64,315	62,453
Total real estate investments, at cost		1,181,041	932,174
Less: accumulated depreciation and amortization		(36,310)	(24,825)
Total real estate investments, net		1,144,731	907,349
Loans and direct financing lease receivables, net		6,322	2,725
Real estate investments held for sale, net		7,195	4,173
Net investments		1,158,248	914,247
Cash and cash equivalents		131,387	7,250
Restricted cash		8,644	12,180
Straight-line rent receivable, net		9,015	5,498
Prepaid expenses and other assets, net		5,115	3,045
Total assets	[1]	1,312,409	942,220
LIABILITIES AND EQUITY
Secured borrowings, net of deferred financing costs		508,821	511,646
Notes payable to related party		0	230,000
Intangible lease liabilities, net		12,152	12,321
Intangible lease liabilities held for sale, net		256	129
Accrued liabilities and other payables (including $324 due to a related party as of December 31, 2017)		6,736	6,722
Total liabilities	[1]	527,965	760,818
Commitments and contingencies (see Note 10)		0	0
Stockholders' equity:
Preferred stock, $0.01 par value; 150,000,000 authorized; none issued and outstanding as of June 30, 2018		0	0
Common stock, $0.01 par value; 500,000,000 authorized; 40,976,901 issued and outstanding as of June 30, 2018		403	0
Additional paid-in capital		531,589	0
Retained earnings		222	0
Members' equity:
Total stockholders'/members' equity		532,214	181,402
Non-controlling interests		252,230	0
Total equity		784,444	181,402
Total liabilities and equity		1,312,409	942,220
Class A Units
Members' equity:
Members' equity value		0	86,668
Class B Units
Members' equity:
Members' equity value		0	574
Class C Units
Members' equity:
Members' equity value		0	94,064
Class D Units
Members' equity:
Members' equity value		$ 0	$ 96

[1] The consolidated balance sheets of Essential Properties Realty Trust, Inc. and Essential Properties Realty Trust, Inc. Predecessor include assets and liabilities of consolidated variable interest entities (“VIEs”). See Notes 2 and 5. As of June 30, 2018, with the exception of $100 of cash and cash equivalents and $3.5 million of accrued liabilities and other payables, all of the assets and liabilities of the Company were held by its operating partnership, a consolidated VIE. As of December 31, 2017, the consolidated balance sheets included the following amounts related to the Company’s consolidated VIEs: $191.7 million of land and improvements, $391.3 million of building and improvements,$2.1 million of lease incentive,$49.7 million of intangible lease assets, $21.4 million of accumulated depreciation and amortization,$2.4 million of direct financing lease receivables, net, $4.2 million of real estate investments held for sale, net,$5.0 million of straight-line rent receivable,$511.6 million of secured borrowings, net of deferred financing costs, $10.8 million of intangible lease liabilities, net, and $0.1 million of intangible lease liabilities held for sale, net.