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.
Four Corners Property Trust (FCPT) announced it will release its financial results for the year ending December 31, 2021, on February 16, 2022. The results will be discussed in a conference call scheduled for February 17, 2022, at 11:00 a.m. Eastern Time. This event aims to provide insights into the company's performance, particularly in the restaurant and retail property sectors. Investors are encouraged to pre-register to streamline entry into the call.
Four Corners Property Trust (FCPT) has acquired a VCA Animal Hospital property for $1.7 million. This property, situated in a high-traffic area of Michigan, is corporate-operated under a net lease with around 7 years remaining on the lease term. The acquisition was made at a 7.0% going-in cash capitalization rate, excluding transaction costs. This purchase aligns with FCPT's strategy to enhance its portfolio in the restaurant and retail sectors.
Four Corners Property Trust (FCPT) has acquired a Chick-fil-A property in Connecticut for $3.5 million. This transaction marks the final property acquisition from a portfolio of assets previously announced with Washington Prime, totaling over $100 million across 59 properties. In 2021, FCPT completed acquisitions of 122 properties, totaling approximately $257 million, enhancing its portfolio of net-leased restaurant and retail properties. The new Chick-fil-A location is corporate-operated with around 15 years remaining on the term, offering stable income potential.
Four Corners Property Trust (NYSE:FCPT) has acquired a dual-tenant property in Florida for $4.5 million. The property is leased to DaVita Kidney Care and Nephrology Associates, featuring a total remaining lease term of six years and an annual rent increase of 2.5%. The transaction reflects a going-in cash capitalization rate of 6.75%. This acquisition aligns with FCPT's strategy to expand its portfolio of net-leased restaurant and retail properties.
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of a Red Lobster restaurant property for $1.9 million. Located in a prime retail area in New York, the property is operated under a long-term, triple net ground lease with 8 years remaining. The acquisition was made at a 6.4% going-in cash capitalization rate, excluding transaction costs. This move aligns with FCPT's strategy to expand its portfolio of net-leased restaurant and retail properties.
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of a Caliber Collision property located in Pennsylvania for $3.0 million. The property is corporate-operated and has approximately eight years remaining on its lease term. This transaction was executed at a 6.2% going-in cash capitalization rate, excluding transaction costs. FCPT continues to focus on expanding its portfolio by acquiring high-quality, net-leased restaurant and retail properties.
Four Corners Property Trust (NYSE:FCPT) has acquired a Portillo’s restaurant property in Wisconsin for
With this acquisition, FCPT has now purchased a total of 25 properties worth
Four Corners Property Trust (FCPT) has announced the acquisition of two outparcel properties for $2.8 million, leased to Red Robin and AT&T. These properties, located in strong retail corridors in Idaho and Missouri, are corporate-operated under net leases with an average term of 3 years remaining. The transaction aligns with FCPT's strategy of expanding its portfolio of high-quality, net-leased restaurant and retail properties, priced at a capitalization rate consistent with previous transactions.
Four Corners Property Trust (FCPT) has acquired three Mr. Tire properties in Maryland for $2.5 million. This acquisition is supported by a master lease to a corporate entity with approximately 8 years remaining on the lease term. The properties were priced with a 6.5% going-in cash capitalization rate, not including transaction costs. FCPT focuses on owning and acquiring high-quality, net-leased restaurant and retail properties to expand its portfolio in the restaurant and retail sectors.
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