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FCPT vs MDRR

Four Corners Property Trust, Inc. and Medalist Diversified, Inc. Common Stock

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Four Corners Property Trust, Inc.

FCPT 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.

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Medalist Diversified, Inc. Common Stock

Medalist Diversified Real Estate Investment Trust, Inc. (the "REIT") is a Maryland corporation formed on September 28, 2015. Beginning with the taxable year ended December 31, 2017, the REIT has elected to be taxed as a real estate investment trust for federal income tax purposes. The REIT serves as the general partner of Medalist Diversified Holdings, LP (the "Operating Partnership") which was formed as a Delaware limited partnership on September 29, 2015. As of June 30, 2025, the REIT, through the Operating Partnership, owned and operated 12 developed properties consisting of four retail center properties, three flex center properties, and five single tenant net lease ("STNL") properties, and three undeveloped parcels. In addition, as of June 30, 2025, the REIT, through the Operating Partnership, owned two taxable REIT subsidiaries ("TRS") , Own Digital Treasury TRS, LLC, which was formed to acquire and hold digital assets, and MDRR Sponsor TRS, LLC, which was formed to serve as the sponsor of the Operating Partnership's Delaware statutory trust ("DST") program, and which holds ownership of additional entities required for the Operating Partnership's DST sponsorship program.

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