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FCPT 424B5: Secondary offering

Four Corners Property Trust

Filed with the SEC on · accession 0001193125-26-328573

FCPT filed a 424B5 (prospectus (offering)) with the SEC on Jul 31, 2026. Four Corners Property Trust filed a prospectus supplement to update its at-the-market equity distribution agreement, adding Citigroup Global Markets Inc. as a sales agent and forward seller, and Citibank, N.A. as a forward purchaser. The stock moved +0.2% by the first close after the filing.

Summary of the filing

Four Corners Property Trust filed a prospectus supplement to update its at-the-market equity distribution agreement, adding Citigroup Global Markets Inc. as a sales agent and forward seller, and Citibank, N.A. as a forward purchaser. No shares have been sold yet under the agreement, which allows for up to $500 million in common stock offerings.

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Key details

Maximum aggregate gross sales price of common stock under equity distribution agreement$500.0M
IssuerFour Corners Property Trust, Inc.
Sales agentMorgan Stanley & Co. LLC
Sales agentBarclays Capital Inc.
Sales agentBofA Securities, Inc.
Sales agentBTIG, LLC
Sales agentEvercore Group L.L.C.
Sales agentGoldman Sachs & Co. LLC
Sales agentHuntington Securities, Inc.
Sales agentJ.P. Morgan Securities LLC
Sales agentMizuho Securities USA LLC
Sales agentNomura Securities International, Inc.
Sales agentRaymond James & Associates, Inc.
Sales agentRobert W. Baird & Co. Incorporated
Sales agentTruist Securities, Inc.
Sales agentWells Fargo Securities, LLC
New sales agent and forward sellerCitigroup Global Markets Inc.
New forward purchaserCitibank, N.A.

How FCPT stock reacted

Close before

$25.54

Jul 30, 2026

First close after

+0.23%

$25.60

5 trading days

-1.88%

$25.06

Since filing

-8.34%

$23.41

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Frequently asked questions

What did FCPT file with the SEC on Jul 31, 2026?

FCPT filed a 424B5 (Secondary offering). Four Corners Property Trust filed a prospectus supplement to update its at-the-market equity distribution agreement, adding Citigroup Global Markets Inc. as a sales agent and forward seller, and Citibank, N.A. as a forward purchaser. No shares have been sold yet under the agreement, which allows for up to $500 million in common stock offerings.

What does a secondary offering mean for FCPT stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did FCPT stock react to this filing?

FCPT closed at $25.54 before the filing and $25.60 on Jul 31, 2026 (+0.23%). Five trading days later: $25.06 (-1.88%).

Other FCPT SEC filings

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