16 unchanged sentences
Other Information.
+Added: None of our directors or officers adopted , modified, or terminated a Rule 10b5-1 trading arrangement during the quarter ended December 31, 2023.
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.
13 unchanged sentences
Financial Statements.
−Removed: Reports of Independent Registered Public Accounting Firms
+Added: Reports of Independent Registered Public Accounting Firm
Consolidated Balance Sheets as of December 31, 2023 and 2022
63 unchanged sentences
Consent of Grant Thornton LLP
−Removed: Consent of Ernst & Young LLP
Power of Attorney (set forth on the signature page to this Annual Report on Form 10-K)
5 unchanged sentences
Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
+Added: Policy Relating to Recovery of Erroneously Awarded Compensation
101.INS* XBRL Instance Document
29 unchanged sentences
Earnshaw (Principal Accounting Officer)
−Removed: Bossidy Director February 15, 2023
/s/ Joyce DeLucca Director February 14, 2024
3 unchanged sentences
Minich Director February 14, 2024
−Removed: /s/ Heather Leed Neary Director February 15, 2023
+Added: /s/ Heather L.
+Added: Neary Director February 14, 2024
Heather Leed Neary
4 unchanged sentences
ESSENTIAL PROPERTIES REALTY TRUST, INC.
−Removed: AND ESSENTIAL PROPERTIES REALTY TRUST, INC.
Schedule III - Real Estate and Accumulated Depreciation
12 unchanged sentences
Colorado 7 6,027 11,544 — 170 6,027 11,714 17,741 ( 901 ) 1990-2016 2021-2022
+Added: Connecticut 3 3,504 6,262 — — 3,504 6,262 9,766 ( 58 ) 1958-2016 2023-2023
Florida 3 1,862 2,642 — 580 1,862 3,223 5,084 ( 683 ) 1980-2000 2017-2017
Georgia 23 11,517 25,952 — — 11,517 25,952 37,468 ( 1,551 ) 1955-2012 2017-2023
+Added: Iowa 2 747 1,462 — 245 747 1,707 2,454 ( 19 ) 1946-2011 2023-2023
Illinois 8 4,032 9,513 — 54 4,032 9,567 13,599 ( 646 ) 1927-1999 2019-2023
1 unchanged sentence
Kansas 7 3,009 4,366 — — 3,009 4,366 7,375 ( 346 ) 1981-2018 2021-2021
+Added: Kentucky 1 264 1,131 — — 264 1,131 1,395 ( 3 ) 2002 2023
+Added: Massachusetts 1 512 1,804 — — 512 1,804 2,316 ( 17 ) 1950 2023
Maryland 4 3,973 12,825 — — 3,973 12,825 16,798 ( 2,376 ) 1952-2016 2017-2018
+Added: Maine 2 1,463 3,467 — — 1,463 3,467 4,930 ( 45 ) 1985-1990 2023-2023
Michigan 12 5,277 10,807 — — 5,277 10,807 16,084 ( 1,437 ) 1955-2014 2017-2023
11 unchanged sentences
Pennsylvania 5 4,920 8,651 — — 4,920 8,651 13,571 ( 822 ) 1968-2021 2017-2023
+Added: Rhode Island 1 1,834 2,178 — — 1,834 2,178 4,012 ( 28 ) 2001 2023
South Carolina 5 1,409 2,574 — 580 1,409 3,154 4,563 ( 121 ) 2007-2007 2020-2023
6 unchanged sentences
Alabama 2 $ 2,060 $ 3,640 $ — $ — $ 2,060 $ 3,640 $ 5,700 $ ( 848 ) 1975-2002 2017-2017
−Removed: Colorado 1 760 403 — — 760 403 1,163 ( 80 ) 1983-1983 2017-2017
−Removed: Florida 1 934 638 — — 934 638 1,572 ( 126 ) 2003-2003 2017-2017
−Removed: Georgia 2 2,338 4,165 — — 2,338 4,165 6,503 ( 823 ) 2003-2004 2017-2017
−Removed: Indiana 2 1,072 1,619 — — 1,072 1,619 2,691 ( 183 ) 1979-1989 2020-2020
−Removed: Kentucky 1 414 200 — — 414 200 614 ( 40 ) 1984-1984 2017-2017
−Removed: Michigan 3 4,438 8,425 — — 4,438 8,425 12,863 ( 851 ) 1973-1995 2020-2020
Description (a) Initial Cost to Company Cost Capitalized Subsequent
4 unchanged sentences
Tenant Industry & State # of Properties Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total
+Added: Colorado 1 760 403 — — 760 403 1,163 ( 94 ) 1983 2017
+Added: Florida 1 934 638 — — 934 638 1,572 ( 149 ) 2003 2017
+Added: Georgia 2 2,338 4,165 — — 2,338 4,165 6,503 ( 971 ) 2003-2004 2017-2017
+Added: Indiana 2 1,072 1,619 — — 1,072 1,619 2,691 ( 267 ) 1979-1989 2020-2020
+Added: Kentucky 1 414 200 — — 414 200 614 ( 47 ) 1984 2017
+Added: Michigan 3 4,438 8,425 — — 4,438 8,425 12,863 ( 1,244 ) 1973-1995 2020-2020
Ohio 6 3,011 4,573 — — 3,011 4,573 7,584 ( 1,066 ) 1953-1996 2017-2017
4 unchanged sentences
Arizona 12 18,697 31,746 — — 18,697 31,746 50,443 ( 2,628 ) 1988-2022 2016-2023
+Added: California 5 14,218 8,388 — — 14,218 8,388 22,606 ( 202 ) 2004-2020 2023-2023
Colorado 8 10,679 14,064 — — 10,679 14,064 24,743 ( 2,319 ) 2008-2018 2017-2023
5 unchanged sentences
Louisiana 5 4,596 12,695 — 425 4,596 13,120 17,716 ( 1,080 ) 2012-2018 2017-2023
−Removed: Maryland 2 1,306 4,977 — — 1,306 4,977 6,283 ( 813 ) 1998-2016 2017-2018
−Removed: Michigan 1 1,268 — — — 1,268 — 1,268 0-0 2022-2022
+Added: Michigan 1 1,268 — — — 1,268 — 1,268 — N/A 2022
+Added: Minnesota 1 1,430 3,253 — — 1,430 3,253 4,683 ( 12 ) 2022 2023
+Added: Missouri 2 2,928 — — — 2,928 — 2,928 — N/A 2023-2023
Mississippi 5 3,923 13,810 — 567 3,923 14,376 18,299 ( 524 ) 2008-2023 2020-2023
2 unchanged sentences
New Mexico 4 2,461 12,216 — — 2,461 12,216 14,676 ( 2,504 ) 1982-2013 2017-2017
+Added: Nevada 3 6,269 10,385 — — 6,269 10,385 16,654 ( 96 ) 2022-2022 2023-2023
New York 8 6,538 24,076 — — 6,538 24,076 30,614 ( 1,097 ) 1985-2022 2022-2023
6 unchanged sentences
Virginia 15 20,563 38,700 — — 20,563 38,700 59,263 ( 1,281 ) 1981-2023 2022-2023
+Added: Wisconsin 6 7,000 9,976 — — 7,000 9,976 16,976 ( 91 ) 1964-2023 2023-2023
Convenience Stores
1 unchanged sentence
Arizona 2 2,085 2,791 — 34 2,085 2,825 4,910 ( 750 ) 1985-2002 2018-2018
+Added: Description (a) Initial Cost to Company Cost Capitalized Subsequent
+Added: to Acquisition (b) Gross Amount at
+Added: December 31, 2023 (c)(d)
+Added: Accumulated Depreciation
+Added: (e)(f) Year Constructed (Range) Year Acquired (Range)
+Added: Tenant Industry & State # of Properties Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total
Colorado 1 272 1,047 — — 272 1,047 1,319 ( 223 ) 1983 2017
5 unchanged sentences
Missouri 3 1,931 2,396 — — 1,931 2,396 4,327 ( 696 ) 1997-2003 2019-2019
+Added: North Carolina 2 758 873 — — 758 873 1,631 ( 5 ) 1991-2015 2023-2023
New Mexico 12 4,781 8,998 — — 4,781 8,998 13,780 ( 2,172 ) 1966-2013 2017-2018
1 unchanged sentence
Ohio 21 15,191 13,382 — — 15,191 13,382 28,573 ( 4,122 ) 1996-2001 2019-2019
−Removed: Description (a) Initial Cost to Company Cost Capitalized Subsequent
−Removed: to Acquisition (b) Gross Amount at
−Removed: December 31, 2022 (c)(d)
−Removed: Accumulated Depreciation
−Removed: (e)(f) Year Constructed (Range) Year Acquired (Range)
−Removed: Tenant Industry & State # of Properties Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total
Pennsylvania 1 467 383 — — 467 383 850 ( 141 ) 1996 2019
+Added: South Carolina 7 3,408 7,038 — — 3,408 7,038 10,446 ( 28 ) 1970-2011 2023-2023
Texas 6 1,827 5,161 — 975 1,827 6,137 7,964 ( 1,205 ) 1965-2019 2017-2019
18 unchanged sentences
Nebraska 1 224 813 — — 224 813 1,037 ( 31 ) 2006 2022
+Added: New Hampshire 1 711 1,733 — — 711 1,733 2,444 ( 9 ) 1994 2023
New Jersey 2 1,249 3,439 — — 1,249 3,439 4,687 ( 607 ) 2000-2002 2018-2018
Nevada 2 2,480 3,451 — — 2,480 3,451 5,930 ( 338 ) 1998-2006 2021-2021
+Added: New York 6 2,087 6,664 — — 2,087 6,664 8,751 ( 77 ) 1986-2007 2023-2023
Ohio 30 23,197 61,829 31 9,321 23,228 71,150 94,378 ( 5,888 ) 1956-2017 2018-2023
Oklahoma 3 1,327 3,860 — — 1,327 3,860 5,186 ( 192 ) 1967-1995 2022-2022
−Removed: Oregon 1 447 1,202 — — 447 1,202 1,649 ( 138 ) 2010-2010 2019-2019
Pennsylvania 12 10,670 28,267 — — 10,670 28,267 38,937 ( 5,024 ) 1930-2010 2018-2023
+Added: South Carolina 1 1,323 5,218 — — 1,323 5,218 6,541 ( 14 ) 2007 2023
Tennessee 2 1,943 2,970 — — 1,943 2,970 4,913 ( 534 ) 1989-1996 2019-2020
+Added: Description (a) Initial Cost to Company Cost Capitalized Subsequent
+Added: to Acquisition (b) Gross Amount at
+Added: December 31, 2023 (c)(d)
+Added: Accumulated Depreciation
+Added: (e)(f) Year Constructed (Range) Year Acquired (Range)
+Added: Tenant Industry & State # of Properties Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total
Texas 11 9,256 18,436 — 529 9,256 18,965 28,221 ( 2,517 ) 1989-2021 2017-2023
11 unchanged sentences
Kansas 2 5,886 21,128 — — 5,886 21,128 27,014 ( 1,073 ) 2018-2020 2022-2022
−Removed: Description (a) Initial Cost to Company Cost Capitalized Subsequent
−Removed: to Acquisition (b) Gross Amount at
−Removed: December 31, 2022 (c)(d)
−Removed: Accumulated Depreciation
−Removed: (e)(f) Year Constructed (Range) Year Acquired (Range)
−Removed: Tenant Industry & State # of Properties Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total
Louisiana 2 3,403 3,115 — — 3,403 3,115 6,518 ( 628 ) 1990-2016 2018-2022
6 unchanged sentences
Pennsylvania 1 823 2,028 — — 823 2,028 2,850 ( 378 ) 2016 2019
+Added: South Carolina 1 2,156 1,476 — — 2,156 1,476 3,631 ( 3 ) 2002 2023
Tennessee 2 18,026 1,873 — — 18,026 1,873 19,898 ( 462 ) 1940-2013 2022-2022
Texas 6 19,439 44,160 — — 19,439 44,160 63,599 ( 1,625 ) 1981-2022 2022-2023
+Added: Virginia 1 4,821 7,264 — — 4,821 7,264 12,085 ( 205 ) 1997 2023
Equipment Rental and Sales
1 unchanged sentence
Arkansas 2 2,734 544 246 1,245 2,980 1,788 4,769 ( 169 ) 1982-1992 2019-2023
+Added: California 1 2,467 2,429 — — 2,467 2,429 4,896 ( 50 ) 1992 2023
Colorado 2 6,120 3,825 5 1,021 6,124 4,846 10,970 ( 753 ) 1990-2021 2020-2022
2 unchanged sentences
Georgia 3 6,704 4,891 236 3,176 6,940 8,067 15,007 ( 948 ) 1964-2019 2019-2023
+Added: Idaho 1 1,796 1,265 — — 1,796 1,265 3,061 ( 53 ) 1992 2023
Louisiana 1 1,006 227 16 1,164 1,022 1,390 2,412 ( 235 ) 2012 2020
Massachusetts 2 1,756 2,904 — — 1,756 2,904 4,661 ( 322 ) 1971-2012 2020-2020
−Removed: Maryland 1 2,647 973 — 975 2,647 1,948 4,595 ( 93 ) 1994-1994 2022-2022
Michigan 2 6,086 9,037 — 1,331 6,086 10,368 16,454 ( 1,276 ) 1987-1988 2017-2023
Missouri 5 5,538 6,703 21 1,536 5,558 8,238 13,797 ( 870 ) 1995-2015 2019-2022
+Added: North Carolina 1 1,488 649 — 1,451 1,488 2,100 3,589 ( 6 ) 1955 2023
North Dakota 1 851 1,567 — 330 851 1,897 2,748 ( 100 ) 2012 2022
New Hampshire 4 4,991 1,859 — 982 4,991 2,841 7,832 ( 215 ) 1978-1986 2020-2022
+Added: Description (a) Initial Cost to Company Cost Capitalized Subsequent
+Added: to Acquisition (b) Gross Amount at
+Added: December 31, 2023 (c)(d)
+Added: Accumulated Depreciation
+Added: (e)(f) Year Constructed (Range) Year Acquired (Range)
+Added: Tenant Industry & State # of Properties Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total
New Mexico 1 1,686 286 25 1,862 1,711 2,148 3,859 ( 313 ) 1970 2020
New York 6 7,131 3,366 — — 7,131 3,366 10,497 ( 495 ) 1965-1980 2020-2023
−Removed: Ohio 1 1,303 2,194 — — 1,303 2,194 3,497 ( 134 ) 1996-1996 2021-2021
Oklahoma 3 2,268 2,257 — — 2,268 2,257 4,525 ( 237 ) 1997-2003 2021-2023
Pennsylvania 1 751 1,678 — — 751 1,678 2,429 ( 284 ) 1987 2020
+Added: South Carolina 1 1,777 582 — 616 1,777 1,198 2,975 ( 8 ) 1974 2023
Tennessee 2 3,519 3,713 816 1,734 4,335 5,448 9,783 ( 657 ) 1985-2018 2019-2022
1 unchanged sentence
Utah 1 1,731 2,196 — 1,346 1,731 3,542 5,273 ( 472 ) 1979 2019
+Added: Virginia 1 2,076 199 — 581 2,076 780 2,856 ( 6 ) 1986 2023
Vermont 1 1,809 — — — 1,809 — 1,809 — 1995 2022
1 unchanged sentence
Arkansas 6 $ 5,704 $ 12,942 $ — $ 1,425 $ 5,704 $ 14,367 $ 20,071 $ ( 1,516 ) 1986-2020 2020-2021
+Added: Colorado 3 1,524 8,059 — — 1,524 8,059 9,583 ( 161 ) 1980-2011 2023-2023
Michigan 1 1,224 6,189 — — 1,224 6,189 7,412 ( 557 ) 1969 2021
3 unchanged sentences
Wisconsin 8 20,724 80,848 — — 20,724 80,848 101,573 ( 4,969 ) 1982-2017 2021-2023
−Removed: Description (a) Initial Cost to Company Cost Capitalized Subsequent
−Removed: to Acquisition (b) Gross Amount at
−Removed: December 31, 2022 (c)(d)
−Removed: Accumulated Depreciation
−Removed: (e)(f) Year Constructed (Range) Year Acquired (Range)
−Removed: Tenant Industry & State # of Properties Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total
Health and Fitness
4 unchanged sentences
Georgia 2 5,751 6,242 — — 5,751 6,242 11,993 ( 631 ) 2005-2019 2017-2023
+Added: Iowa 1 2,013 — — — 2,013 — 2,013 — N/A 2023
Illinois 1 1,133 2,226 — 2,150 1,133 4,376 5,510 ( 546 ) 1986 2019
+Added: Indiana 1 1,668 3,268 — — 1,668 3,268 4,936 ( 61 ) 2007 2023
+Added: Kansas 1 954 — — — 954 — 954 — N/A 2023
Kentucky 1 868 2,186 — — 868 2,186 3,053 ( 437 ) 1994 2017
9 unchanged sentences
Home Furnishings
+Added: Description (a) Initial Cost to Company Cost Capitalized Subsequent
+Added: to Acquisition (b) Gross Amount at
+Added: December 31, 2023 (c)(d)
+Added: Accumulated Depreciation
+Added: (e)(f) Year Constructed (Range) Year Acquired (Range)
+Added: Tenant Industry & State # of Properties Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total
Michigan 2 $ 3,369 $ 24,427 $ 69 $ 3,034 $ 3,438 $ 27,461 $ 30,899 $ ( 5,129 ) 1987-1992 2017-2017
Missouri 1 273 4,683 — — 273 4,683 4,956 ( 640 ) 2007 2018
−Removed: Texas 1 2,224 4,779 — — 2,224 4,779 7,003 ( 830 ) 2006-2006 2016-2016
+Added: Connecticut 4 $ 6,173 $ 19,694 $ — $ — $ 6,173 $ 19,694 $ 25,867 $ ( 633 ) 1941-1959 2023-2023
Florida 4 9,388 1,955 — — 9,388 1,955 11,344 ( 62 ) 1974-2003 2022-2023
+Added: Iowa 2 734 3,261 — — 734 3,261 3,995 ( 121 ) 1991-1993 2022-2022
Illinois 2 3,958 1,744 — — 3,958 1,744 5,702 ( 114 ) 1951-1987 2022-2022
1 unchanged sentence
Louisiana 1 490 761 — 1,783 490 2,544 3,034 ( 83 ) 1981 2022
+Added: Massachusetts 1 272 998 — — 272 998 1,270 ( 28 ) 1930 2023
Mississippi 1 2,198 3,351 — — 2,198 3,351 5,549 ( 201 ) 1986 2022
North Carolina 1 909 746 — — 909 746 1,655 ( 107 ) 1999 2022
+Added: North Dakota 3 1,354 2,860 — — 1,354 2,860 4,214 ( 52 ) 1954-1965 2023-2023
Ohio 1 902 2,330 — — 902 2,330 3,231 ( 102 ) 2000 2022
+Added: Oklahoma 1 922 5,548 — — 922 5,548 6,471 ( 102 ) 2020 2023
Pennsylvania 1 678 2,922 — — 678 2,922 3,600 ( 167 ) 1989 2022
3 unchanged sentences
Virginia 1 679 3,839 — — 679 3,839 4,518 ( 287 ) 1964 2021
+Added: Washington 1 4,383 110 — — 4,383 110 4,493 ( 6 ) 2019 2023
Medical / Dental
3 unchanged sentences
California 3 1,867 4,276 — — 1,867 4,276 6,142 ( 430 ) 1989-2005 2021-2021
−Removed: Description (a) Initial Cost to Company Cost Capitalized Subsequent
−Removed: to Acquisition (b) Gross Amount at
−Removed: December 31, 2022 (c)(d)
−Removed: Accumulated Depreciation
−Removed: (e)(f) Year Constructed (Range) Year Acquired (Range)
−Removed: Tenant Industry & State # of Properties Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total
Connecticut 2 1,889 1,675 — — 1,889 1,675 3,564 ( 241 ) 1840-2009 2021-2021
11 unchanged sentences
New Hampshire 7 5,304 18,868 — — 5,304 18,868 24,172 ( 815 ) 1888-2013 2016-2023
+Added: New Jersey 1 1,731 6,560 — — 1,731 6,560 8,291 ( 32 ) 2010 2023
New York 6 1,032 3,736 — — 1,032 3,736 4,768 ( 371 ) 1940-2010 2016-2023
+Added: Description (a) Initial Cost to Company Cost Capitalized Subsequent
+Added: to Acquisition (b) Gross Amount at
+Added: December 31, 2023 (c)(d)
+Added: Accumulated Depreciation
+Added: (e)(f) Year Constructed (Range) Year Acquired (Range)
+Added: Tenant Industry & State # of Properties Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total
Ohio 21 10,332 28,725 — — 10,332 28,725 39,057 ( 2,526 ) 1907-2021 2017-2023
13 unchanged sentences
South Carolina 1 1,465 7,081 — — 1,465 7,081 8,546 ( 1,295 ) 2006 2017
+Added: Texas 1 3,049 — — — 3,049 — 3,049 — N/A 2023
Wisconsin 1 3,159 3,755 164 — 3,323 3,755 7,078 ( 937 ) 1997 2017
6 unchanged sentences
North Carolina 1 713 1,942 — — 713 1,942 2,655 ( 391 ) 1973 2018
+Added: New York 1 714 553 — — 714 553 1,268 ( 27 ) 1965 2023
+Added: Ohio 3 246 1,056 — — 246 1,056 1,301 ( 11 ) 1855-1900 2023-2023
Oklahoma 1 2,257 2,073 — — 2,257 2,073 4,330 ( 268 ) 2006 2021
+Added: Pennsylvania 1 2,014 — — — 2,014 — 2,014 — N/A 2023
South Carolina 5 3,056 5,810 — — 3,056 5,810 8,866 ( 234 ) 1937-2013 2016-2023
1 unchanged sentence
Texas 6 15,090 17,940 729 — 15,819 17,940 33,759 ( 1,883 ) 2006-2021 2021-2022
−Removed: Description (a) Initial Cost to Company Cost Capitalized Subsequent
−Removed: to Acquisition (b) Gross Amount at
−Removed: December 31, 2022 (c)(d)
−Removed: Accumulated Depreciation
−Removed: (e)(f) Year Constructed (Range) Year Acquired (Range)
−Removed: Tenant Industry & State # of Properties Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total
Virginia 1 1,259 1,786 — — 1,259 1,786 3,045 ( 391 ) 1991 2018
+Added: Wisconsin 3 1,010 1,781 — — 1,010 1,781 2,792 ( 5 ) 1997-2011 2023-2023
Pet Care Services
5 unchanged sentences
Illinois 3 1,475 1,504 — — 1,475 1,504 2,979 ( 365 ) 1976-1995 2019-2019
+Added: Description (a) Initial Cost to Company Cost Capitalized Subsequent
+Added: to Acquisition (b) Gross Amount at
+Added: December 31, 2023 (c)(d)
+Added: Accumulated Depreciation
+Added: (e)(f) Year Constructed (Range) Year Acquired (Range)
+Added: Tenant Industry & State # of Properties Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total
Indiana 6 1,676 5,148 — — 1,676 5,148 6,824 ( 872 ) 1952-2007 2017-2019
4 unchanged sentences
Nebraska 1 381 332 — — 381 332 713 ( 101 ) 1967 2019
+Added: New York 1 327 697 — — 327 697 1,023 ( 23 ) 1999 2023
Oklahoma 1 225 283 — — 225 283 508 ( 86 ) 1993 2019
2 unchanged sentences
Texas 2 2,782 7,093 — — 2,782 7,093 9,875 ( 184 ) 2006-2023 2021-2021
−Removed: Wisconsin 1 403 598 — — 403 598 1,001 ( 75 ) 2011-2011 2019-2019
Restaurants - Casual Dining
Alabama 5 $ 2,954 $ 7,305 $ — $ — $ 2,954 $ 7,305 $ 10,259 $ ( 1,651 ) 1977-2007 2016-2017
+Added: Arkansas 1 1,392 1,929 — — 1,392 1,929 3,322 ( 29 ) 2005 2023
+Added: Arizona 2 2,118 3,865 — — 2,118 3,865 5,983 ( 73 ) 2002-2003 2023-2023
Colorado 1 1,593 3,400 — — 1,593 3,400 4,994 ( 714 ) 1993 2016
13 unchanged sentences
Mississippi 1 926 624 — — 926 624 1,550 ( 158 ) 2004 2017
−Removed: Nebraska 1 261 687 — — 261 687 948 ( 185 ) 1979-1979 2016-2016
+Added: North Carolina 1 594 2,391 — — 594 2,391 2,985 ( 38 ) 2020 2023
New Hampshire 1 1,978 2,127 — — 1,978 2,127 4,105 ( 150 ) 1974 2021
1 unchanged sentence
Ohio 6 8,882 15,086 — — 8,882 15,086 23,968 ( 878 ) 1988-2004 2019-2023
+Added: Oklahoma 1 2,039 — — — 2,039 — 2,039 — N/A 2023
Pennsylvania 5 6,632 11,046 — — 6,632 11,046 17,678 ( 403 ) 1880-2003 2022-2023
−Removed: Description (a) Initial Cost to Company Cost Capitalized Subsequent
−Removed: to Acquisition (b) Gross Amount at
−Removed: December 31, 2022 (c)(d)
−Removed: Accumulated Depreciation
−Removed: (e)(f) Year Constructed (Range) Year Acquired (Range)
−Removed: Tenant Industry & State # of Properties Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total
Rhode Island 1 830 1,171 — — 830 1,171 2,001 ( 119 ) 1996 2021
4 unchanged sentences
Virginia 3 4,119 6,014 — — 4,119 6,014 10,133 ( 357 ) 2000-2005 2019-2023
+Added: Description (a) Initial Cost to Company Cost Capitalized Subsequent
+Added: to Acquisition (b) Gross Amount at
+Added: December 31, 2023 (c)(d)
+Added: Accumulated Depreciation
+Added: (e)(f) Year Constructed (Range) Year Acquired (Range)
+Added: Tenant Industry & State # of Properties Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total
West Virginia 2 953 3,180 — — 953 3,180 4,134 ( 200 ) 1997-2006 2022-2022
10 unchanged sentences
South Carolina 2 1,930 2,111 — — 1,930 2,111 4,041 ( 306 ) 1978-2008 2020-2020
−Removed: Texas 1 207 424 — — 207 424 631 ( 613 ) 1998-1998 2016-2016
Virginia 1 90 192 — — 90 192 282 ( 282 ) 1997 2016
8 unchanged sentences
Colorado 1 698 1,036 — — 698 1,036 1,733 ( 207 ) 1999 2018
−Removed: Connecticut 1 155 208 — — 155 208 363 ( 101 ) 1983-1983 2016-2016
Florida 18 12,582 20,086 — — 12,582 20,086 32,668 ( 1,875 ) 1976-2022 2016-2023
9 unchanged sentences
Michigan 11 3,446 7,227 — — 3,446 7,227 10,673 ( 1,719 ) 1969-2015 2016-2018
−Removed: Description (a) Initial Cost to Company Cost Capitalized Subsequent
−Removed: to Acquisition (b) Gross Amount at
−Removed: December 31, 2022 (c)(d)
−Removed: Accumulated Depreciation
−Removed: (e)(f) Year Constructed (Range) Year Acquired (Range)
−Removed: Tenant Industry & State # of Properties Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total
Minnesota 3 2,605 4,416 — — 2,605 4,416 7,021 ( 1,231 ) 1989-1996 2017-2019
6 unchanged sentences
New York 4 4,677 4,143 — 400 4,677 4,543 9,220 ( 1,238 ) 1968-2000 2016-2019
+Added: Description (a) Initial Cost to Company Cost Capitalized Subsequent
+Added: to Acquisition (b) Gross Amount at
+Added: December 31, 2023 (c)(d)
+Added: Accumulated Depreciation
+Added: (e)(f) Year Constructed (Range) Year Acquired (Range)
+Added: Tenant Industry & State # of Properties Land & Improvements Building & Improvements Land & Improvements Building & Improvements Land & Improvements Building & Improvements Total
Ohio 9 3,689 10,738 — — 3,689 10,738 14,426 ( 1,145 ) 1964-1993 2016-2022
9 unchanged sentences
Vacant Properties
−Removed: Iowa 1 $ 57 $ 479 $ — $ — $ 57 $ 479 $ 536 $ ( 65 ) 1950-1950 2018-2018
−Removed: Texas 1 119 540 — 34 119 574 693 ( 115 ) 1984-1984 2019-2019
+Added: Minnesota 1 $ 734 $ 309 $ 180 $ 25 $ 914 $ 334 $ 1,248 $ ( 174 ) 1973 2016
+Added: Oregon 1 1,046 2,636 — 350 1,046 2,986 4,032 ( 477 ) 1980 2018
Grand Total 1728 $ 1,537,920 $ 2,848,294 $ 4,382 $ 89,718 $ 1,542,302 $ 2,938,012 $ 4,480,314 $ ( 321,944 )
+Added: _____________________________________
(a) As of December 31, 2023, the Company had investments in 1,873 single-tenant real estate property locations including 1,726 owned properties, 11 ground lease interests and 136 properties securing mortgage notes receivable.
−Removed: Five of the Company’s owned properties are subject to leases accounted for as direct financing leases and are excluded from the table above.
−Removed: Additionally, the table above excludes three owned properties which are accounted for as loans receivable, as the leases contain purchase options, and four owned properties which are held for sale as of December 31, 2022.
+Added: Three of the Company’s owned properties are subject to leases accounted for as direct financing leases and are excluded from the table above.
+Added: Additionally, the table above excludes two owned properties which are accounted for as loans receivable, as the leases contain purchase options, and four owned properties which are held for sale as of December 31, 2023.
Initial costs exclude intangible lease assets totaling $ 78.1 million.
17 unchanged sentences
Depreciation expense 95,527 80,647 61,172
−Removed: Accumulated depreciation associated with real estate sold ( 11,751 ) ( 4,190 ) ( 11,037 )
+Added: Accumulated depreciation associated with real estate investments sold and held for sale ( 11,605 ) ( 11,751 ) ( 4,190 )
Balance, end of period $ 321,944 $ 238,022 $ 169,126
2 unchanged sentences
ESSENTIAL PROPERTIES REALTY TRUST, INC.
−Removed: AND ESSENTIAL PROPERTIES REALTY TRUST, INC.
Schedule IV - Mortgage Loans on Real Estate
1 unchanged sentence
(Dollar amounts in thousands)
−Removed: Description Interest
+Added: Description # of Properties Interest
Date Periodic
5 unchanged sentences
First mortgage loans:
−Removed: Two Early Childhood Education Centers located in Florida
−Removed: 8.80 % 5/8/2039 Interest only Balloon - $ 12,000
+Added: Early Childhood Education Centers located in Florida 2 8.80 % 5/9/2039 Interest only Balloon - $ 12,000
None $ 12,000 $ 11,874 None
−Removed: Two Early Childhood Education Centers located in Florida
−Removed: 8.53 % 7/15/2039 Interest only Balloon - $ 7,300
+Added: Early Childhood Education Centers located in Florida 2 8.53 % 7/17/2039 Interest only Balloon - $ 7,300
None 7,300 7,220 None
−Removed: Sixty-nine Quick Service Restaurants located in fifteen states
+Added: Quick Service Restaurants located in fifteen states
69 7.79 % 8/31/2034 Interest only Balloon - $ 51,000
None 51,000 50,995 None
−Removed: One Early Childhood Education Center located in Florida
−Removed: 8.42 % 2/29/2040 Interest only Balloon - $ 5,300
+Added: Early Childhood Education Center located in Florida 1 8.42 % 2/29/2040 Interest only Balloon - $ 5,300
None 5,300 5,247 None
−Removed: Three Convenience Stores located in Minnesota
−Removed: 8.54 % 12/31/2024 Interest only Balloon - $ 2,324
+Added: Convenience Stores located in Minnesota 2 8.54 % 12/31/2024 Interest only Balloon - $ 1,785
None 1,785 1,754 None
−Removed: One Family Dining Restaurant located in Georgia
−Removed: 7.00 % 1/25/2023 Interest only Balloon - $ 600
+Added: Family Dining Restaurant located in Georgia 1 7.00 % 6/28/2024 Interest only Balloon - $ 500
None 500 500 None
−Removed: Three Convenience Stores located in three states
−Removed: 8.30 % 5/11/2023 Interest only Balloon - $ 3,146
+Added: Convenience Stores located in Wisconsin and Iowa 2 8.33 % 12/31/2024 Interest only Balloon - $ 994
None 994 972 None
−Removed: Two Casual Dining Restaurants located in Kentucky and Ohio
−Removed: 6.87 % 5/31/2036 Interest only Balloon - $ 2,520
+Added: Casual Dining Restaurants located in Kentucky and Ohio 2 6.87 % 5/31/2036 Interest only Balloon - $ 2,520
None 2,520 2,520 None
−Removed: Three Casual Dining Restaurants located in three states
−Removed: 7.51 % 5/31/2036 Interest only Balloon - $ 2,673
+Added: Convenience Stores located in Iowa 2 8.33 % 12/31/2024 Interest only Balloon - $ 2,389
None 2,389 2,326 None
−Removed: Two Convenience Stores located in Iowa
−Removed: 8.29 % 6/1/2023 Interest only Balloon - $ 2,389
+Added: Entertainment Center located in New Jersey 1 8.96 % 9/30/2051 Principal + Interest Fully amortizing None 24,100 24,089 None
+Added: Car Washes located in Nevada 5 7.30 % 12/31/2036 Interest only Balloon - $ 25,714
None 25,714 25,711 None
−Removed: One Entertainment Center located in New Jersey
−Removed: 8.96 % 9/30/2051 Principal + Interest Fully amortizing None 24,100 24,090 None
−Removed: Two Industrial facilities located in California
−Removed: 7.44 % 11/4/2036 Interest only Balloon - $ 9,808
+Added: Car Wash located in Florida 1 7.73 % 12/29/2036 Interest only Balloon - $ 2,470
None 2,470 2,464 None
−Removed: Five Car Washes located in Nevada
−Removed: 7.30 % 12/31/2036 Interest only Balloon - $ 25,714
+Added: Casual Dining Restaurant located in Michigan 1 8.00 % 1/31/2024 Interest only Balloon - $ 1,754
None 1,754 1,709 None
−Removed: One Car Wash located in Florida
+Added: Quick Service Restaurants located in three states
26 7.00 % 2/28/2027 Interest only Balloon - $ 17,494
None 17,494 17,407 None
−Removed: One Casual Dining Restaurant located in Michigan
−Removed: 8.00 % 7/10/2023 Interest only Balloon - $ 1,754
+Added: Car Wash located in New Jersey 1 7.73 % 3/31/2037 Interest only Balloon - $ 3,600
None 3,600 3,591 None
−Removed: Thirty-seven Quick Service Restaurants located in three states
−Removed: 7.00 % 2/28/2027 Interest only Balloon - $ 26,307
+Added: Convenience Store located in Minnesota 1 8.30 % 4/22/2024 Interest only Balloon - $ 760
None 760 739 None
−Removed: One Car Wash located in New Jersey
−Removed: 7.73 % 3/31/2037 Interest only Balloon - $ 3,600
+Added: Car Wash located in Nevada 1 7.33 % 12/31/2036 Interest only Balloon - $ 4,960
None 4,960 4,947 None
−Removed: One Convenience Store located in Minnesota
−Removed: 8.30 % 4/22/2024 Interest only Balloon - $ 760
+Added: Car Wash located in Nevada 1 7.43 % 12/31/2036 Interest only Balloon - $ 4,800
None 4,800 4,788 None
−Removed: One Car Wash located in Nevada
+Added: Car Washes located in three states
4 8.64 % 12/31/2037 Interest only Balloon - $ 12,250
None 12,250 12,246 None
−Removed: One Car Wash located in Nevada
+Added: Car Washes located in five states
9 8.85 % 12/31/2037 Interest only Balloon - $ 25,993
None 25,993 25,942 None
−Removed: Four Car Washes located in three states
−Removed: 8.64 % 12/31/2037 Interest only Balloon - $ 12,250
+Added: Entertainment Center located in Missouri 1 8.84 % 1/13/2038 Interest only Balloon - $ 10,200
None 10,200 10,189 None
−Removed: Ten Car Washes located in five states
−Removed: 8.93 % 12/31/2037 Interest only Balloon - $ 28,938
+Added: Fitness Center located in Florida 1 8.10 % 11/30/2025 Interest only Balloon - $ 2,891
None 2,891 2,891 None
11 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.