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Four Corners Property Trust to sell up to $210M of shares in ATM offerings

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Four Corners Property Trust to sell up to $210M of shares in ATM offerings

Four Corners Property Trust plans to sell up to $210.0 million of its common shares in at-the-market offerings from time to time.

The single-tenant net-lease real estate investment trust and Four Corners Operating Partnership LP on March 22 signed an equity distribution agreement with Morgan Stanley & Co. LLC, Barclays Capital Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc., Raymond James & Associates Inc. and Wells Fargo Securities LLC as agents for the sale of the shares.

The REIT aims to funnel any net proceeds to its operating partnership in exchange for the latter's common units. The operating partnership, in turn, will use the funds for general corporate purposes.