Financial Performance & Growth - FCPT's annual base rent has grown 2.7x from $94 million in 2015 to $250 million in Q2 2025[8, 12] - The company's enterprise value has increased 3.0x from $1.3 billion in 2015 to $3.9 billion in Q2 2025[8, 10] - FCPT raised $173 million in 2025 and has a total liquidity of $500 million[7] - FCPT reported AFFO per share of $0.44 in Q2 2025[18] Portfolio Composition & Diversification - FCPT's portfolio consists of 1,245 properties across 165 brands[8] - Olive Garden accounts for 33% of Annual Base Rent (ABR), while LongHorn Steakhouse accounts for 9%[7, 31] - The top 5 brands now represent approximately 54% of ABR[7, 8] - The company has a 99.4% occupancy rate[20, 36] Acquisitions & Capital Allocation - FCPT acquired $344 million in assets over the last 12 months as of June 30, 2025, at a 6.9% cap rate[7, 18] - In Q2 2025, FCPT acquired $84 million in assets at a 6.7% cap rate[7, 18] Debt & Financial Stability - Approximately 97% of FCPT's total debt is fixed rate through Q3 2027 as of July 29[7] - Net debt to adjusted EBITDAre ratio is 4.5x as of June 30, 2025[20, 76]

Four Corners Property Trust NYSE: FCPT INVESTOR PRESENTATION Q1 2025 FORWARD LOOKING STATEMENTS AND DISCLAIMERS Cautionary note regarding forward-looking statements: This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward- looking statements include all statements that are not historical statements of fact and those regarding FCPT's intent, belief or expectations, including, but not limited to, statements regarding: operating and financial performance ...

Portfolio Highlights - The company's portfolio boasts high credit quality, with 71% investment grade (IG) and investment grade profile (IGP) tenants[9] - The portfolio maintains a high occupancy rate of 99.9%[9,12] - The weighted average lease term (WALT) is 9.7 years[9,12] - 88% of tenants are in necessity, discount, and service-oriented sectors[9] - Rent collection is at 100%[9] Investment and Financial Performance - $90.7 million of gross investments were completed in 1Q'25[9] - The weighted average cash yield since 3Q'20 is 7.0%[9] - The year-to-date cash yield is 7.7%[9] - Adjusted Net Debt / Annualized Adjusted EBITDAre is 4.7x[9,46] - Total liquidity stands at $584 million[9,46] Portfolio Composition - Investment grade tenants account for 54.7% of the portfolio by ABR[12,28] - Dollar Stores represent 18.2% of the top industries in the portfolio[19] - Grocery stores account for 15.1% of the top industries in the portfolio[19]