FCPT Announces Tax Treatment of 2025 Distributions
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real estate investment trustfinancial
A real estate investment trust (REIT) is a company that owns and manages income-producing properties—like apartment buildings, shopping centers, offices, or warehouses—and is required to pass most of its rental income to shareholders as dividends. Think of it as a shared property owner: instead of buying a whole building, investors buy a slice of a portfolio that pays regular income and can offer exposure to property values and rental markets without direct management. REITs matter to investors for predictable income, diversification, and liquidity compared with owning physical real estate.
net-leasedfinancial
Net-leased describes a commercial property arrangement where the tenant not only pays rent but also assumes some or all ongoing property costs such as taxes, insurance, and maintenance. For investors, this setup is like leasing out a house where the renter also pays the utilities and yard work: it usually produces steadier, more predictable income and shifts operating cost and vacancy risk away from the landlord, affecting valuation and return expectations.
form 1099-divfinancial
Form 1099-DIV is a U.S. tax document brokers, mutual funds and other financial institutions send to investors showing dividends and other distributions paid during the year. Investors use it like an annual receipt to report taxable income — including regular dividends, dividends that may qualify for lower tax rates, and capital gains distributions — so it directly affects tax liability and helps reconcile brokerage records with a tax return.
return of capitalfinancial
Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.
section 199a dividendsregulatory
Section 199A dividends are certain dividend payments from real estate investment trusts (REITs) and publicly traded partnerships that qualify for a special U.S. tax deduction allowing up to a 20% reduction of the income they create. For investors, that means these payouts are taxed differently than regular dividend income—they don’t get the lower capital gains rate but can lower taxable income through the deduction, similar to getting a partial tax rebate on that income.
MILL VALLEY, Calif.--(BUSINESS WIRE)--
Four Corners Property Trust, Inc. (NYSE: FCPT), 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”), announced today the tax characterization of its 2025 common stock distributions as shown below.
Record Date
Payment Date
Total Distribution
($ per share)
Form 1099
Box 1a
Ordinary Taxable Dividend
($ per share)
Form 1099
Box 1b
Qualified Taxable Dividend (1)
($ per share)
Form 1099
Box 3
Return of Capital
($ per share)
Form 1099
Box 5
Section 199A
Dividends
($ per share)
12/31/2024
1/15/2025
$0.3550
$0.3371
-
$0.0179
$0.3371
3/31/2025
4/15/2025
$0.3550
$0.3371
-
$0.0179
$0.3371
6/30/2025
7/15/2025
$0.3550
$0.3371
-
$0.0179
$0.3371
9/30/2025
10/15/2025
$0.3550
$0.3371
-
$0.0179
$0.3371
Totals
$1.4200
$1.3484
-
$0.0716
$1.3484
(1) Qualified Taxable Dividends are a subset of, and included in, Ordinary Taxable Dividends.
The common stock dividend of $0.3665 per share that was paid on January 15, 2026 to shareholders of record on December 31, 2025 will be applicable to the 2026 tax year.
If you held common stock of FCPT in your name at any time during 2025, an IRS Form 1099-DIV will be provided to you by Broadridge Corporate Issuer Solutions, FCPT’s transfer agent during 2025. If you held shares in "street name" during 2025, the IRS form provided by your bank, brokerage firm or nominee may report only the gross distributions paid to you. Therefore, you may need the information included in this press release to properly complete your federal tax return.
There are many important considerations associated with the taxability of the company’s distributions in 2025. This information has been prepared using the best available information to date. FCPT’s federal income tax return for the year ended December 31, 2025 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 income tax return. Also note that state and local taxation of REIT distributions vary and may not be the same as the taxation under the federal rules. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment related to FCPT common stock dividends.
About FCPT:
FCPT, headquartered in Mill Valley, CA, 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 to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.
