Four Corners Ppty Tr Inc Stock Price, News & Analysis

Four Corners Property Trust (FCPT) reported strong Q1 2025 financial results, achieving its highest first-quarter acquisition volume in company history. The real estate investment trust acquired $56.5 million worth of properties at a 6.7% cash yield.

Key highlights include:

• Rental revenue increased 8.4% to $63.5 million
• Net income reached $26.2 million ($0.26 per share)
• AFFO per share grew to $0.44, up $0.01 from Q1 2024
• Portfolio of 1,221 properties across 47 states with 99.4% occupancy
• Collected 99.5% of contractual base rent

FCPT strengthened its financial position by raising $149 million through ATM stock sales and increasing its revolving credit facility to $350 million. The company's leverage ratio improved to 5.6x, its lowest level in seven years, with available liquidity of $617 million.

Four Corners Property Trust (NYSE:FCPT) has acquired a Caribou Coffee property for $1.4 million. The property, located in a high-traffic area in Wisconsin, is corporate-operated under a long-term triple net lease with approximately eight years remaining. The transaction was executed at a 7.1% cap rate on rent at closing, excluding transaction costs.

The acquired property is operated by Caribou Coffee, a Minnesota-based coffee chain established in 1992, which operates as a subsidiary of Panera Brands under JAB Holding Company.

Four Corners Property Trust (NYSE:FCPT) has acquired a Chuy's restaurant property in Texas for $2.9 million. The property is situated in a strong retail corridor and operates under a corporate triple net lease with approximately five years remaining on the term. The transaction was completed at a 6.7% cap rate on rent at closing, excluding transaction costs.

The acquired Chuy's location is part of a chain of over 100 Tex-Mex restaurants across the United States, recently acquired by Darden Restaurants. FCPT, a real estate investment trust, primarily focuses on owning and acquiring high-quality, net-leased restaurant and retail properties.

Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of an Outback Steakhouse property for $1.6 million. The property, situated in a strong retail corridor in Oklahoma, is corporate-operated under a triple net lease with approximately four years remaining on the term. The transaction was structured at a 6.8% cap rate on rent as of the closing date, excluding transaction costs.

Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of an automotive service property for $5.3 million. The property, located in a highly trafficked corridor in Arkansas, is leased to a national operator under a corporate long-term triple net lease. The transaction was executed at a 6.8% cap rate on rent as of the closing date, excluding transaction costs.

Four Corners Property Trust (NYSE: FCPT), a REIT focused on restaurant and retail properties, has scheduled its Q1 2025 financial results release for April 30, 2025, after market close. The company will host a conference call and webcast on May 1, 2025, at 12:00 p.m. Eastern Time to discuss the results.

Investors can access the live conference call through domestic (1-833-470-1428) or international (1-404-975-4839) numbers using access code 066423. A replay will be available through July 30, 2025. The company is offering pre-registration for the earnings call to expedite participant entry.

Four Corners Property Trust (NYSE:FCPT) has completed the acquisition of a Burger King property for $2.1 million through a sale-leaseback transaction with Ampler Restaurant Group. The property, situated in a prime retail corridor in Kentucky, features a long-term, triple net lease with a 20-year term.

The transaction is part of a larger portfolio acquisition from Ampler Restaurant Group, priced at a 6.8% cap rate on rent at closing, excluding transaction costs. This latest acquisition marks the 10th property acquired by FCPT from the Ampler portfolio, bringing the total investment to $22.0 million since the initial announcement in March 2025.

Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of nine Burger King properties through a sale-leaseback transaction valued at $19.9 million from Ampler Restaurant Group. The properties are strategically positioned in prime retail corridors across Tennessee and will be operated by franchisees under triple net leases with 20-year terms. The transaction was structured with a 6.8% cap rate on rent at closing, excluding transaction costs.

Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of six Whataburger properties through a sale-leaseback transaction valued at $16.8 million from MWB Restaurants. The newly constructed properties are strategically positioned in prime retail corridors across Alabama.

The properties are franchisee-operated under triple net leases with approximately 20 years of remaining term. The transaction was structured at a 6.8% cap rate on rent as of the closing date, excluding transaction costs.