Four Corners Property Trust Inc 2024年度报告

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934For the transition period fromto Commission File Number: 1-37538 FOUR CORNERS PROPERTY TRUST, INC. (Exact name of Registrant as specified in its charter) Maryland47-4456296(State or other jurisdiction of incorporation or organization)(IRS Employer Identification No.) Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☐ Indicate by check mark if Registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes☐No☐ Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days. Yes☐No☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the Registrant was required tosubmit such files). Yes☐No☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smallerreporting company. See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 ofthe Exchange Act. (Check one): Smaller reporting company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 USC. 7262(b)) bythe registered public accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☐ The aggregate market value of Common Stock held by non-affiliates of the Registrant, computed by reference to the closing salesprice of such shares on the New York Stock Exchange as of the last business day of the Registrant’s most recently completed secondfiscal quarter was approximately: $2,230,681,629. Number of shares of Common Stock, par value $0.0001, outstanding as of February 13, 2025: 99,970,872 Portions of the Registrant’s Definitive Proxy Statement for its Annual Meeting of Stockholders to be filed with the Securities andExchange Commission no later than April 30, 2025 are incorporated by reference into Part III of this Report. FOUR CORNERS PROPERTY TRUST, INC. FORM 10 - K YEAR ENDED DECEMBER 31, 2024 TABLE OF CONTENTS Page Part 1 Item 1.Business3Item1A.Risk Factors8Item1B.Unresolved Staff Comments23Item1C.Cybersecurity23Item 2.Properties24Item 3.Legal Proceedings24Item 4.Mine Safety Disclosure24 Part II Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases ofEquity Securities25Item 6.Reserved26Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations27Item7A.Quantitative and Qualitative Disclosures About Market Risk36Item 8.Financial Statements and Supplementary Data36Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosures36Item9A.Controls and Procedures36Item9B.Other Information37Item9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections37 Part III Item10.Directors, Executive Officers and Corporate Governance38Item11.Executive Compensation38 Item12.Security Ownership of Certain Owners and Management and Related Stockholder Matters38Item13.Certain Relationships and Related Transactions, and Director Independence38Item14.Principal Accounting Fees and Services38 Part IV Item15.Exhibits, Financial Statement SchedulesItem16.Form 10-K SummarySignatures 3939E-4 2 PART I Forward-Looking Statements Statements contained in this Annual Report on Form 10-K, including the documents that are incorporated byreference, that are not historical facts are forward-looking statements within the meaning of Section 27A of theSecurities Act of 1933, as amended (the “Securities Act”), and Section 21E of the