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Four Corners Property Trust, Inc. - FCPT STOCK NEWS

Welcome to our dedicated page for Four Corners Property Trust news (Ticker: FCPT), a resource for investors and traders seeking the latest updates and insights on Four Corners Property Trust stock.

Four Corners Property Trust, Inc. (NYSE: FCPT) is a distinguished $2 billion investment-grade rated net lease Real Estate Investment Trust (REIT) that focuses primarily on restaurant real estate. Originating from a spin-off from Darden Restaurants, Inc. in November 2015 with an initial portfolio of 418 properties, FCPT has expanded its reach significantly. Today, the company boasts ownership of over 500 properties across 44 states, housing more than 20 well-known brands.

FCPT's core business revolves around the acquisition, ownership, and leasing of restaurant and retail properties. The company's growth strategy emphasizes portfolio diversification and scaling through strategic acquisitions and sale-leaseback transactions with high-quality credit restaurant operators. This approach ensures a robust real estate foundation and stable revenue streams.

Operating through two main segments, FCPT derives the majority of its revenue from its real estate operations, which include rental revenues generated from leasing properties to tenants in the restaurant and retail sectors. The second segment, restaurant operations, is managed through a taxable REIT subsidiary (TRS) named Kerrow Restaurant Operating Business.

FCPT continually seeks to enhance its portfolio by acquiring additional properties that meet its stringent quality criteria. This strategy not only maximizes returns for shareholders but also strengthens relationships with renowned restaurant operators, ensuring long-term stability and growth.

For more detailed information about Four Corners Property Trust, Inc., visit www.fcpt.com.

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Four Corners Property Trust (NYSE: FCPT) will release its financial results for the first quarter of 2023 after market close on May 1, 2023. A conference call for investors and analysts is scheduled for May 2, 2023, at 11:30 a.m. Eastern Time to discuss these results. Investors can pre-register for the call to expedite entry and avoid waiting for an operator. FCPT, which focuses on the acquisition and leasing of restaurant and retail properties, aims to grow its portfolio through new acquisitions. Further details, including live call access numbers and links to the web broadcast, are provided in the announcement.

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Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of a Midwest Orthopedic Network property for $4.3 million. This property, situated in a prominent medical corridor in Wisconsin, is corporate-operated under a net lease, with approximately four years remaining and an annual rent escalation of 2.5%. The acquisition was priced at an 8.1% cap rate, excluding transaction costs, reflecting FCPT's strategy to expand its portfolio of high-quality, net-leased restaurant and retail properties.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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FAQ

What is the current stock price of Four Corners Property Trust (FCPT)?

The current stock price of Four Corners Property Trust (FCPT) is $27.65 as of December 24, 2024.

What is the market cap of Four Corners Property Trust (FCPT)?

The market cap of Four Corners Property Trust (FCPT) is approximately 2.7B.

What is Four Corners Property Trust, Inc.?

Four Corners Property Trust, Inc. (NYSE: FCPT) is a net lease REIT focused on the ownership, acquisition, and leasing of restaurant and retail properties.

When was FCPT established?

FCPT was spun-off from Darden Restaurants, Inc. in November 2015.

How many properties does FCPT own?

FCPT owns over 500 properties across 44 states.

What are the main segments of FCPT's operations?

FCPT operates through two segments: real estate operations and restaurant operations.

How does FCPT generate most of its revenue?

The majority of FCPT's revenue comes from its real estate operations, primarily through rental income from leasing restaurant and retail properties.

What is FCPT's strategy for growth?

FCPT aims to diversify and scale its portfolio through acquisitions and sale-leasebacks with quality credit restaurant operators.

What brands are included in FCPT's portfolio?

FCPT's portfolio includes properties from over 20 well-known brands.

Where can I find more information about FCPT?

For more detailed information, visit FCPT's official website at www.fcpt.com.

What is a sale-leaseback transaction?

A sale-leaseback transaction involves selling a property and then leasing it back from the buyer, allowing the original owner to continue using the property.

What is the investment grade rating of FCPT?

FCPT is rated as an investment-grade REIT.

Four Corners Property Trust, Inc.

NYSE:FCPT

FCPT Rankings

FCPT Stock Data

2.67B
95.42M
1.32%
101.54%
3.26%
REIT - Retail
Real Estate Investment Trusts
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United States of America
MILL VALLEY