Welcome to our dedicated page for Four Corners Ppty Tr news (Ticker: FCPT), a resource for investors and traders seeking the latest updates and insights on Four Corners Ppty Tr stock.
Four Corners Property Trust Inc (NYSE: FCPT) is a leading net lease REIT specializing in restaurant and retail real estate. This page serves as the definitive source for official company announcements, financial updates, and strategic developments. Investors and analysts will find curated press releases detailing portfolio acquisitions, earnings reports, and operational milestones.
Our repository provides timely access to FCPT's sale-leaseback transactions, property expansions, and management initiatives. Key updates include quarterly financial results, dividend declarations, and geographic diversification efforts across its 48-state portfolio. All content is sourced directly from company filings and verified channels.
Bookmark this page for streamlined tracking of FCPT's net lease operations and restaurant real estate strategies. Regular updates ensure you stay informed about tenant partnerships, credit rating changes, and market positioning within the REIT sector. For comprehensive analysis of FCPT's performance indicators and industry trends, visit Stock Titan regularly.
Four Corners Property Trust, Inc. (FCPT) announced solid financial results for Q1 2024, with high rent collection levels and $85 million in Term Loans issuance. Rent collection stood at 99.7% of contractual base rent, while rental revenue increased by 12.3% to $58.6 million. Net income attributable to common shareholders was $24.0 million, with FFO per share at $0.41 and AFFO per share at $0.43. G&A expenses slightly increased, and FCPT declared a dividend of $0.345 per common share. The company's real estate portfolio is well-positioned, with 1,115 properties across 47 states.
Four Corners Property Trust (FCPT) has acquired a Patient First Urgent Care property in Pennsylvania for $6.6 million, with a 7.1% cap rate on rent. The property is under a triple net lease with approximately ten years remaining.
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