UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 9, 2005
Trustreet Properties, Inc.
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(Exact name of registrant as specified in its charter)
Maryland 1-13089 75-2687420
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
450 South Orange Avenue 32801
Orlando, Florida
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (407) 540-2000
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
Trustreet Properties, Inc. (the "Company") is the new name adopted upon the
merger of CNL Restaurant Properties, Inc. ("CNLRP") and eighteen CNL Income Fund
Partnerships with and into U.S. Restaurant Properties, Inc. For accounting
purposes, however, CNLRP was treated as the acquirer. On May 10, 2005, the
Company filed a Form 10-Q to report the Company's financial statements and
management's discussion and analysis of financial condition and results of
operation for the quarters ended March 31, 2005 and 2004.
This Form 8-K is being filed to amend Items 1 and 2 of Part I of the Company's
Form 10-Q for the quarter ended March 31, 2005 to reflect the reclassification
of two properties (the "Properties") identified during the quarter ended June
30, 2005 as discontinued operations in accordance with Statement of Financial
Accounting Standards No. 144, "Accounting for the Impairment or Disposal of
Long-Lived Assets" ("FAS 144") and the requirements of the U.S. Securities and
Exchange Commission (the "SEC"). Under the SEC requirements, the Company must
reflect any reclassification to discontinued operations required by FAS 144
subsequent to the sale or identification for sale of properties on previously
issued annual financial statements for each of the periods shown in the
Company's Form 10-Q filed on May 10, 2005 if those financials are incorporated
by reference in subsequent filings made with the SEC under the Securities Act of
1933, as amended, even though those financial statements relate to periods prior
to the date the properties were identified for sale. The reclassifications have
no effect on stockholder's equity or net income.
The Company has reported revenues and expenses related to the Properties as
income from discontinued operations for the reporting periods following March
31, 2005.
Readers should refer to the Company's quarterly reports on Form 10-Q for
information related to periods subsequent to March 31, 2005.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
Exhibit No. Description
99.1 Financial Statements and Management's Discussion and
Analysis of Financial Condition and Results of
Operations
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: September 9, 2005 TRUSTREET PROPERTIES, INC.
By:
/s/ CURTIS B. MCWILLIAMS
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Curtis B. McWilliams
Chief Executive Officer
EXHIBIT INDEX
Exhibit No. Description
99.1 Financial Statements and Management's Discussion and
Analysis of Financial Condition and Results of
Operations
EXHIBIT 99.1
FINANCIAL STATEMENTS AND MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS