Four Corners Property Trust, Inc. - FCPT STOCK NEWS

Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of a VCA Animal Hospital property for $1.2 million, located in Virginia. The deal features a net lease with approximately three years remaining and a capitalization rate of 7.6%. This transaction reflects FCPT's ongoing strategy to enhance its portfolio of high-quality, net-leased restaurant and retail properties. As a real estate investment trust, FCPT focuses on acquiring and leasing properties to drive growth in the restaurant and retail sectors.

Four Corners Property Trust (FCPT) has successfully acquired a WellNow Urgent Care property for $2.5 million. The newly constructed facility is situated in a strong retail corridor in Indiana and is operated under a long-term net lease. The cap rate for this transaction aligns with previous deals made by FCPT, highlighting the company’s strategy of acquiring high-quality, net-leased properties in the restaurant and retail sectors. This acquisition is expected to contribute positively to FCPT's portfolio growth and revenue potential.

Four Corners Property Trust (FCPT) has acquired a Methodist Le Bonheur Pediatric Clinic property in Tennessee for $3.3 million. The property is situated in a prominent retail corridor and is leased under a net lease structure with about four years remaining on the lease term. The acquisition is based on a 6.9% cap rate on rent at the time of closing, excluding transaction costs. This strategic purchase aligns with FCPT's portfolio expansion goals in the net-leased restaurant and retail property sectors.

Four Corners Property Trust (FCPT) has announced the acquisition of a Chili’s property in New York for under $1 million. This asset is corporate-operated under a triple net lease and has approximately four years remaining on its lease term. The transaction is in line with FCPT's previous acquisitions, priced at a cap rate consistent with the company’s historical transactions. This move reflects FCPT's strategy to expand its portfolio in the restaurant and retail sectors.

Four Corners Property Trust (FCPT) announces the acquisition of a WellNow Urgent Care center for $2.2 million. The property is situated in a prime retail area in Indiana and is operated by a corporate entity. This acquisition aligns with FCPT's strategy of expanding its portfolio of high-quality, net-leased properties. The transaction's cap rate is consistent with prior acquisitions by FCPT, indicating stable investment metrics. This move enhances FCPT's position in the healthcare segment, which may support future growth.

Four Corners Property Trust (NYSE:FCPT) announced the acquisition of an Aspen Dental property for $1.9 million located in a prime retail corridor in New Mexico. This corporate-operated property is expected to enhance FCPT's portfolio, with the transaction priced at a cap rate consistent with previous acquisitions. FCPT continues to focus on expanding its holdings in high-quality, net-leased restaurant and retail real estate.

Four Corners Property Trust (FCPT), a real estate investment trust, has acquired a newly constructed WellNow Urgent Care property for $2.1 million. This acquisition enhances FCPT’s portfolio of net-leased restaurant and retail properties, aligning with their growth strategy. The property is situated in a vibrant retail corridor in New York and was acquired at a cap rate consistent with FCPT’s previous transactions. This strategic move is expected to bolster FCPT's market position and revenue potential.

Four Corners Property Trust (NYSE: FCPT) declared a quarterly cash dividend of $0.34 per share for Q1 2023, equivalent to $1.36 annually. The dividend is payable on April 14, 2023 to shareholders of record as of March 31, 2023. FCPT focuses on acquiring and leasing restaurant and retail properties, aiming to expand its portfolio in these sectors. The announcement reflects the company’s commitment to returning value to shareholders while pursuing growth opportunities.

Four Corners Property Trust (FCPT) announced the appointment of Barbara Jesuele to its Board of Directors, effective March 9, 2023. Jesuele, who brings over 20 years of experience from her role as Deputy Chief Investment Officer at J. Paul Getty Trust, holds a strong background in real estate investment. Her extensive expertise is anticipated to provide a fresh perspective at a critical time in FCPT's growth. CEO Bill Lenehan expressed enthusiasm for her joining the board, highlighting her expected contributions to the company’s strategic direction.