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  • We Have Previously Entered Into Forward Sale Agreements and May In the Future Enter Into Forward Sale Agreements That Are Not Part of This and Other Offerings. As of October 30, 2025, We Remained Obligated to Issue (subject to Our Right to Elect Cash Settlement or Net Share Settlement) a Total of 3,545,890 Shares of Our Common Stock Pursuant to Forward Sale Agreements. (new) — Existing forward sale agreements covering 3.5 million shares create potential dilution and settlement risk.
  • The U.s. Federal Income Tax Treatment of the Cash That We Might Receive From Cash Settlement of Any Forward Sale Agreement Is Unclear and Could Jeopardize Our Ability to Meet the Reit Qualification Requirements. (new) — Cash settlement of forward sales may generate taxable gain that could violate REIT gross income tests, risking loss of REIT status.
NYSE: FCPT Four Corners Property Trust, Inc. 424B5

Four Corners Property Trust launches up to $500M at-the-market stock offering program

Filed October 30, 2025 · ~1 min read

Key Changes

  • high

    FCPT may sell up to $500 million of common stock from time to time through an at-the-market program, with sales via agents or forward sellers.

    The Offering verify on EDGAR →
  • high

    The company will not receive proceeds from sales of borrowed shares under forward sale agreements; proceeds would come only upon settlement.

    The Offering verify on EDGAR →
  • low

    Net proceeds are intended for general corporate purposes, including debt repayment, acquisitions, capital expenditures, and working capital.

    Use of Proceeds verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov

Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify