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 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) has announced the acquisition of three Express Oil Change & Tire Engineers properties for $9.5 million. The properties are strategically located in high-traffic areas across Georgia and are corporate-operated under triple net leases with approximately 19 years of remaining term. The transaction was structured at a 6.6% cap rate on rent at closing, excluding transaction costs.
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.