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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.

News

FCPT Announces Fourth Quarter 2023 Financial and Operating Results

Rhea-AI Summary
Four Corners Property Trust, Inc. (FCPT) announces strong financial results for Q4 and 2023, with a 15% increase in rental revenue and high rent collections. Net income for Q4 was $24.4 million, and AFFO per diluted share increased to $0.43. The company remains focused on disciplined capital allocation and acquisitions.
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FCPT Announces Acquisition of a Baptist Medical Group Primary Care Property for $9.7 Million

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Four Corners Property Trust (FCPT) acquires a Baptist Medical Group primary care property for $9.7 million in Tennessee, under a long-term triple net lease. The property is in a highly trafficked corridor and is part of Baptist Memorial Health Care, a major healthcare system in the US.
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FCPT Announces Tax Treatment of 2023 Distributions

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Four Corners Property Trust, Inc. (FCPT) has announced the tax characterization of its 2023 common stock distributions. The total distribution for the year was $1.3600 per share, with $1.2080 being ordinary taxable dividends and $0.1520 being a return of capital. Shareholders are advised to consult with their tax advisors regarding the specific tax treatment related to FCPT common stock dividends.
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FCPT to Report Fourth Quarter 2023 Financial Results

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Four Corners Property Trust (FCPT) to Release Financial Results for Q4 2023 on February 14, 2024. Conference Call and Webcast Scheduled for February 15, 2024 at 11:00 a.m. Eastern Time
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FCPT Announces Acquisition of Two Oak Street Health Properties for $4.2 Million

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Four Corners Property Trust (FCPT) has announced the acquisition of two Oak Street Health properties for $4.2 million. The properties are located in highly trafficked corridors in Iowa and Louisiana and are corporate-operated under long-term, net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.
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FCPT Announces Acquisition of Two Popeyes Properties for $4.7 Million

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Four Corners Property Trust (NYSE:FCPT) acquires two Popeyes properties for $4.7 million, located in Arizona and Illinois. The properties are under a long-term, triple net lease with approximately 20 years of term remaining, and rent will commence immediately at close.
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FCPT Announces Sale-Leaseback of a Tire Discounters Property for $1.7 Million

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Four Corners Property Trust (FCPT) acquires Tire Discounters property for $1.7 million in Ohio
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FCPT Announces Fourth Quarter 2023 Dividend

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Four Corners Property Trust, Inc. (NYSE: FCPT) announces 1.5% increase in quarterly cash dividend
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FCPT Announces Acquisition of a Taco Bell Property for $2.2 Million

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Four Corners Property Trust (FCPT) Announces $2.2 Million Acquisition of Taco Bell Property in Oklahoma, Priced at 7.3% Cap Rate
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FCPT Announces Third Quarter 2023 Financial and Operating Results

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Four Corners Property Trust, Inc. (FCPT) announces financial results for Q3 2023, with rental revenue increasing 17.3% to $57.2 million. Net income attributable to common shareholders was $24.2 million for the quarter. The company received rent payments representing 99.9% of its portfolio contractual base rent. FCPT's rental portfolio consists of 1,106 properties with a 99.8% occupancy rate and a weighted average remaining lease term of 8.0 years.
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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 $29.17 as of November 21, 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.

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Four Corners Property Trust, Inc.

NYSE:FCPT

FCPT Rankings

#1765 Ranked by Market Cap
#576 Ranked by Dividends

FCPT Stock Data

2.70B
91.35M
1.32%
101.89%
2.86%
REIT - Retail
Real Estate Investment Trusts
Link
United States of America
MILL VALLEY