Schedule IV - Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2022

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]

Schedule IV - Mortgage Loans on Real Estate

ESSENTIAL PROPERTIES REALTY TRUST, INC. AND ESSENTIAL PROPERTIES REALTY TRUST, INC. PREDECESSOR

Schedule IV - Mortgage Loans on Real Estate

As of December 31, 2022

(Dollar amounts in thousands)

Description	Interest Rate	Final Maturity Date	Periodic Payment Terms	Final Payment Terms	Prior Liens	Face Amount of Mortgages		Carrying Amount of Mortgages		Principal Amount of Loans Subject to Delinquent Principal or Interest
First mortgage loans:
Two Early Childhood Education Centers located in Florida	8.80%	5/8/2039	Interest only	Balloon - $12,000	None	$	12,000	$	11,884	None
Two Early Childhood Education Centers located in Florida	8.53%	7/15/2039	Interest only	Balloon - $7,300	None	7,300		7,226		None
Sixty-nine Quick Service Restaurants located in fifteen states	7.79%	8/31/2034	Interest only	Balloon - $51,000	None	51,000		50,995		None
One Early Childhood Education Center located in Florida	8.42%	2/29/2040	Interest only	Balloon - $5,300	None	5,300		5,251		None
Three Convenience Stores located in Minnesota	8.54%	12/31/2024	Interest only	Balloon - $2,324	None	2,324		2,317		None
One Family Dining Restaurant located in Georgia	7.00%	1/25/2023	Interest only	Balloon - $600	None	600		596		None
Three Convenience Stores located in three states	8.30%	5/11/2023	Interest only	Balloon - $3,146	None	3,146		3,063		None
Two Casual Dining Restaurants located in Kentucky and Ohio	6.87%	5/31/2036	Interest only	Balloon - $2,520	None	2,520		2,520		None
Three Casual Dining Restaurants located in three states	7.51%	5/31/2036	Interest only	Balloon - $2,673	None	2,673		2,657		None
Two Convenience Stores located in Iowa	8.29%	6/1/2023	Interest only	Balloon - $2,389	None	2,389		2,323		None
One Entertainment Center located in New Jersey	8.96%	9/30/2051	Principal + Interest	Fully amortizing	None	24,100		24,090		None
Two Industrial facilities located in California	7.44%	11/4/2036	Interest only	Balloon - $9,808	None	9,808		9,785		None
Five Car Washes located in Nevada	7.30%	12/31/2036	Interest only	Balloon - $25,714	None	25,714		25,711		None
One Car Wash located in Florida	7.73%	12/29/2036	Interest only	Balloon - $2,470	None	2,470		2,464		None
One Casual Dining Restaurant located in Michigan	8.00%	7/10/2023	Interest only	Balloon - $1,754	None	1,754		1,710		None
Thirty-seven Quick Service Restaurants located in three states	7.00%	2/28/2027	Interest only	Balloon - $26,307	None	26,307		26,185		None
One Car Wash located in New Jersey	7.73%	3/31/2037	Interest only	Balloon - $3,600	None	3,600		3,592		None
One Convenience Store located in Minnesota	8.30%	4/22/2024	Interest only	Balloon - $760	None	760		740		None
One Car Wash located in Nevada	7.33%	12/31/2036	Interest only	Balloon - $4,960	None	4,960		4,948		None
One Car Wash located in Nevada	7.43%	12/31/2036	Interest only	Balloon - $4,800	None	4,800		4,789		None
Four Car Washes located in three states	8.64%	12/31/2037	Interest only	Balloon - $12,250	None	12,250		12,246		None
Ten Car Washes located in five states	8.93%	12/31/2037	Interest only	Balloon - $28,938	None	28,938		28,886		None
						$	234,713	$	233,978

The following table shows changes in carrying amounts of mortgage loans receivable during the years ended December 31, 2022, 2021 and 2020 (in thousands):

	Year ended December 31,
	2022		2021		2020
Balance, beginning of period	$	181,419	$	144,048	$	87,029
Additions:
New mortgage loans	126,784		137,356		54,484
Subsequent funding on existing mortgage loans	17,236		—		3,500
Deductions:
Collections of principal	(91,488)		(100,179)		(11)
Provision for credit losses	27		194		(954)
Balance, end of period	$	233,978	$	181,419	$	144,048

See accompanying report of independent registered public accounting firm.