Four Corners Property Trust Investor Relations Material

Four Corner Property Trust Inc. (FCPT), headquartered in Mill Valley, CA, is a real estate investment trust that owns and leases primarily commercial properties for fast-food restaurants. In addition to its property holdings, FCPT leases space at these properties to franchisees who operate the restaurants. These franchisees are not involved with the ownership or leasing of the properties they lease from FCPT. FCPT accounts for its rental income on a straight line basis over the terms of the respective leases and records no depreciation expense on its properties.