Four Corners Property Trust is a real estate investment trust (REIT) which owns, acquires and leases properties for use in the restaurant and retail industries. Substantially all of Co.'s business is conducted through its subsidiary, Four Corners Operating Partnership, LP, of which it is a majority limited partner and its wholly owned subsidiary, Four Corners GP, LLC, is its sole general partner. Co. operates in two segments: real estate operations, which includes leasing restaurant and retail properties to tenants through net lease arrangements; and restaurant operations, which is conducted through a taxable REIT subsidiary and consists of its Kerrow Restaurant Operating Business.