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Four Corners Property Trust Inc - FCPT STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Four Corners Property Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Four Corners Property Trust's position in the market.

Rhea-AI Summary
Four Corners Property Trust (FCPT) acquires Banfield Pet Hospital property for $2.4 million, located in Iowa with a 7.3% cap rate. The property is newly constructed and under a long-term net lease.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
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Rhea-AI Summary
Four Corners Property Trust (FCPT) will release financial results for the first quarter of 2024 on May 1, with a conference call scheduled on May 2. Investors can pre-register for the call to expedite entry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.19%
Tags
conferences earnings
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Rhea-AI Summary
Four Corners Property Trust (FCPT) acquires a Heartland Dental property in Alabama for $2.0 million, enhancing its portfolio with a strong retail asset under a net lease.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
Rhea-AI Summary
Four Corners Property Trust (FCPT) announced an $85 million Term Loan agreement to pay down near-term debt and fund acquisitions. The Term Loan matures in March 2027 with a 12-month extension option. FCPT also entered into interest rate swaps to fix the rate at 3.94% through maturity. The effective interest rate on the Term Loan is 4.89%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.32%
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none
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Rhea-AI Summary
Four Corners Property Trust, Inc. (FCPT) declares a quarterly cash dividend of $0.3450 per share for the first quarter of 2024, equivalent to $1.38 per share per annum. The dividend is payable on April 15, 2024, to shareholders of record as of March 28, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
dividends earnings
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Rhea-AI Summary
Four Corners Property Trust (FCPT) announced the promotion of Patrick Wernig to Chief Financial Officer, succeeding Gerry Morgan, who will retire in May 2024. Wernig, with a background in investment banking, will take over after the release of Q1 2024 financial results. The Board of Directors will finalize his appointment. FCPT's CEO, Bill Lenehan, expressed gratitude to Morgan and excitement for Wernig's new role, highlighting his expertise in capital markets and acquisitions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.66%
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none
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.4%
Tags
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.82%
Tags
none
Rhea-AI Summary
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
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.04%
Tags
conferences earnings
Four Corners Property Trust Inc

NYSE:FCPT

FCPT Rankings

FCPT Stock Data

2.15B
90.75M
1.23%
101.61%
2.57%
Other Activities Related to Real Estate
Real Estate and Rental and Leasing
Link
US
Mill Valley

About FCPT

four corners property trust (nyse:fcpt) is a $2 billion investment grade rated net lease reit focused on restaurant real estate. fcpt was spun-off from darden restaurants, inc. in november 2015 with 418 properties. today, fcpt owns over 500 properties in 44 states with over 20 brands. at fcpt, our strategy continues to be diversifying and scaling our portfolio through acquisitions and sale-leasebacks of quality credit restaurant operators with strong fundamental real estate. for more information, navigate to the following site: www.fcpt.com