MILL VALLEY, Calif.–(BUSINESS WIRE)–Four Corners Property Trust, Inc. (NYSE:NYSE:)a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (FCPT or the Company), today announced the tax characterization of its distributions of common shares for 2024, as indicated below.
Registration date | Payment | Total (EPA:) | Form 1099 | Form 1099 | Form 1099 | Form 1099 |
12/29/2023 | 01/12/2024 | $0.3450 | $0.3174 | – | $0.0276 | $0.3174 |
03/28/2024 | 04/15/2024 | $0.3450 | $0.3174 | – | $0.0276 | $0.3174 |
06/28/2024 | 07/15/2024 | $0.3450 | $0.3174 | – | $0.0276 | $0.3174 |
09/30/2024 | 15/10/2024 | $0.3450 | $0.3174 | – | $0.0276 | $0.3174 |
Totals | $1.3800 | $1.2696 | – | $0.1104 | $1.2696 |
(1) Qualified taxable dividends are a subset and are included in ordinary taxable dividends.
The common stock dividend of $0.3550 per share that was paid on January 15, 2025 to shareholders of record on December 31, 2024 will be effective for the 2025 taxable year.
If you held shares of FCPT common stock in your name at any time in 2024, an IRS Form 1099-DIV will be provided to you by Broadridge Corporate Issuer Solutions, the transfer agent of FCPT in 2024. If you held shares in your name “in 2024, the IRS form provided by your bank, brokerage firm or nominee can report only gross distributions paid to you. Therefore, you may need the information included in this press release to properly file your federal income tax return.
There are many important considerations associated with the taxability of company distributions in 2024. This information has been prepared using the best information available today. FCPT’s federal income tax return for the fiscal year ending December 31, 2024 has not yet been filed. Please note that federal tax laws affect taxpayers differently and we cannot advise you on how distributions should be reported on your federal tax return. Also note that state and local taxation of REIT distributions varies and may not be the same as taxation under federal rules. Shareholders are encouraged to consult their tax advisors regarding their specific tax treatment related to dividends from FCPT common shares.
About the FCPT:
FCPT, headquartered in Mill Valley, California, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate for lease, on a net basis, for the restaurant and retail sectors. Additional information about FCPT is available on the website at www.fcpt.com.
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Four Corners Real Estate Trust:
Patrick Wernig, 415-965-8038
Financial Director
Source: Four Corners Real Estate Trust
