Four Corners Property Trust reports news centered on its REIT portfolio of net-leased restaurant and retail properties. Company updates frequently cover acquisitions of corporate-operated properties leased to restaurant, automotive service, veterinary, tire retail and other retail tenants, with details on lease structure, remaining term and acquisition capitalization rates.
FCPT news also includes quarterly financial and operating results, rent collection and occupancy commentary, investor presentations, and balance-sheet activity such as senior unsecured term loan facilities used to support its property acquisition pipeline and general corporate purposes.
Four Corners Property Trust (NYSE: FCPT) reported third-quarter rental revenue of $75.7 million, up 13.8% from the prior year. Diluted earnings fell to $0.26 from $0.28, while adjusted funds from operations, a supplemental earnings measure, rose to $0.46 per diluted share from $0.45.
FCPT acquired 120 properties for $326.3 million at an initial weighted average cash yield of 6.6%, funded entirely with debt. Quarter-end debt was $1,585 million, with approximately $397 million of available liquidity. The board authorized repurchases of up to $100 million and declared monthly dividends of $0.1265 for October through December, a 3.5% increase from the prior quarter.
The credit facility expanded from $940 million to $1.15 billion. Portfolio occupancy was 99.5%, and 99.7% of quarterly contractual base rent was collected. All Olive Garden and LongHorn leases maturing in 2027 were extended without landlord concessions.
Four Corners Property Trust (NYSE:FCPT) executed an agreement with Darden Restaurants extending all 66 Olive Garden and LongHorn leases previously expiring in October 2027.
The agreement also covers early extension options for six leases expiring in October 2028. The leases have been extended by approximately five years, with rent continuing to increase 1.5% annually under the underlying leases. The agreement renews 100% of FCPT’s Darden leases for these brands with renewal notice dates in 2026, through tenant extension options or amendments. It includes no landlord rent concessions or capital contributions.
Four Corners Property Trust (NYSE:FCPT) acquired an automotive service property leased to a national operator for $2.3 million through a sale-leaseback.
The Indiana property is corporate-operated under a long-term, triple-net lease, a lease structure that places property expenses on the tenant. The transaction's capitalization rate, a measure of property income relative to purchase price, was within the range of previous FCPT transactions.
Four Corners Property Trust (NYSE:FCPT) acquired a LongHorn Steakhouse property in Ohio for $2.4 million, adding to its restaurant real estate portfolio.
The property is corporate-operated under a triple net lease, which places property expenses on the tenant. FCPT describes the location as a highly trafficked corridor. The transaction's capitalization rate, a measure of property income relative to its price, was in range with previous FCPT transactions.
Four Corners Property Trust (FCPT) will release its third-quarter 2026 financial results after market close on October 28, 2026.
The results cover the three and nine months ended September 30, 2026. A conference call and audio webcast with analysts and investors will follow on October 29 at 12:00 p.m. Eastern Time to discuss the results. A replay will be available via the webcast for one year.
Four Corners Property Trust (FCPT) acquired an automotive service property for $3.5 million through a sale-leaseback transaction.
The property is in a highly trafficked corridor in Kentucky. It is corporate-operated and leased to a national operator under a long-term, triple-net lease. FCPT described the transaction’s cap rate as in range with its previous transactions.
Four Corners Property Trust (FCPT)/b) declared fourth quarter 2026 monthly cash dividends of $0.1265 per share, equal to $1.5180 per share on an annualized basis. This dividend rate applies to shareholders of record on October 30, November 30, and December 31, 2026, with corresponding payment dates of November 16 and December 15, 2026, and January 15, 2027. The company said this represents a 3.5% increase from the prior quarter.
Four Corners Property Trust (FCPT) announced the acquisition of a Cooper’s Hawk restaurant property in Michigan for $9.1 million.
The property sits in a strong retail corridor and is corporate-operated under a long-term triple net lease, with approximately ten years of lease term remaining. The transaction was priced at a 6.6% capitalization rate based on rent as of the closing date and excludes transaction costs. FCPT describes its strategy as growing its portfolio by acquiring additional restaurant and retail real estate to lease on a net basis.
Four Corners Property Trust (NYSE: FCPT) announced the acquisition of a corporate-operated 7-Eleven convenience store property in Pennsylvania for $1.5 million. The asset is located in a strong retail corridor and is subject to a long-term, triple net lease with approximately ten years of remaining term.
According to Four Corners Property Trust, the transaction was priced at a 6.9% capitalization rate based on rent as of the closing date, excluding transaction costs. The deal aligns with FCPT’s strategy of growing its portfolio of high-quality, net-leased restaurant and retail properties across the United States.
Four Corners Property Trust (NYSE: FCPT) announced the acquisition of five Novant Health Urgent Care properties for $11.7 million. The assets are located in strong retail corridors in South Carolina and are corporate-operated under net leases with approximately five years of remaining term.
The transaction was priced at a 6.9% cap rate, which includes rent credits received at closing and is stated exclusive of transaction costs. According to FCPT, the deal aligns with its strategy of growing a portfolio of high-quality, net-leased properties by acquiring additional real estate for long-term leasing.