Four Corners Property Trust, Inc. - FCPT STOCK NEWS

Four Corners Property Trust (NYSE: FCPT) will release its financial results for Q3 2021 on October 26, 2021, after market close. A conference call discussing the results is scheduled for October 27, 2021, at 11:00 a.m. ET. Investors can pre-register to streamline their entry into the call. FCPT focuses on owning, acquiring, and leasing high-quality, net-leased restaurant and retail properties. The company aims to grow its portfolio through strategic acquisitions.

Four Corners Property Trust, Inc. (NYSE: FCPT) announced a quarterly cash dividend of $0.3175 per share, totaling $1.27 per share annually. This dividend will be paid on October 15, 2021 to shareholders of record as of October 7, 2021. FCPT focuses on acquiring and leasing restaurant and retail properties, with ongoing efforts to expand its portfolio. The company emphasizes that forward-looking statements may involve risks and uncertainties that could impact actual results.

Four Corners Property Trust (FCPT) has acquired three properties, including Buffalo Wild Wings, Wells Fargo, and Texas Roadhouse, for $5.1 million from Washington Prime Group. These properties are located in strong retail areas of Florida and Pennsylvania and are leased under triple net agreements with an average remaining term of five years. The acquisition price aligns with FCPT's historical cap rates. This strategic acquisition enhances FCPT's portfolio in the restaurant and retail sectors.

Four Corners Property Trust (FCPT) announced the acquisition of an Arby’s property for $1.9 million. The site, located in Ohio, features a triple net lease structure and has approximately five years remaining on its lease term. This acquisition is notable for its 6.7% going-in cash capitalization rate, excluding transaction costs, indicating potential for solid investment returns. FCPT focuses on owning and acquiring high-quality restaurant and retail properties.

Four Corners Property Trust (FCPT) has announced the acquisition of three Caliber Collision properties for $7.2 million. The properties are strategically located in high-traffic areas of New York, featuring corporate-operated net leases with a weighted average remaining term of seven years and annual rent increases of 2%. This transaction, priced at a 6.8% cap rate on current rent, reinforces FCPT's commitment to expanding its portfolio of high-quality, net-leased restaurant and retail properties.

Four Corners Property Trust (FCPT) has announced the acquisition of a NAPA Auto Parts property for $1.1 million. This corporate-operated location is situated in a robust retail corridor in Iowa and is secured by a net lease with approximately four years remaining. The lease features 2% annual rent increases and was acquired at a 6.4% cap rate on current rent, excluding transaction costs. This acquisition aligns with FCPT's strategy to enhance its portfolio of high-quality, net-leased restaurant and retail properties.

Four Corners Property Trust (NYSE:FCPT) has acquired five Caliber Collision properties located in Ohio for $4.1 million. These properties feature net leases with a weighted average remaining term of 9 years. The acquisition is priced at a 6.6% cash capitalization rate, excluding transaction costs, reflecting the Company’s strategy to enhance its portfolio of high-quality, net-leased restaurant and retail properties.

FCPT aims to grow through strategic acquisitions in the restaurant and retail sectors, contributing to its focus on sustainable cash flow and property value appreciation.

Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of a Firestone property in Illinois for $3.8 million. The property is situated in a strong retail corridor and is currently under a net lease with approximately three years remaining. The acquisition was executed at a 7.6% going-in cash capitalization rate, exclusive of transaction costs. This strategic acquisition aims to enhance FCPT's portfolio of high-quality, net-leased restaurant and retail properties.

Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of a Fresenius Medical Care property for $3.1 million. This strategic buy is located in a high-traffic area of Louisiana and operates under a net lease with approximately six years left. The acquisition was completed at a 6.6% cash capitalization rate, excluding transaction costs, further emphasizing FCPT's commitment to expanding its portfolio in the restaurant and retail property sector.