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 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), 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.
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of six Burger King properties for $10.1 million through a sale-leaseback transaction. The properties are strategically located in high-traffic areas across Texas and are secured by long-term, triple net leases with Burger King Corporate guarantees. The transaction's cap rate aligns with FCPT's previous deals.
Four Corners Property Trust (NYSE: FCPT) has announced its quarterly dividend declaration for the first quarter of 2025. The company's Board of Directors has declared a cash dividend of $0.3550 per share, which equates to an annual rate of $1.42 per share.
The dividend will be payable on April 15, 2025, to shareholders of record as of March 31, 2025. FCPT, based in Mill Valley, CA, operates as a real estate investment trust focusing on owning, acquiring, and leasing restaurant and retail properties. The company's strategy involves expanding its portfolio through the acquisition of additional real estate properties for restaurant and retail use on a net lease basis.
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of an automotive service property in Ohio for $4.9 million. The property, situated in a highly trafficked corridor, 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 (FCPT) reported strong financial results for Q4 and full-year 2024. The company achieved $60.7 million in rental revenue for Q4, up 5.3% year-over-year, with a 99.4% rent collection rate. Net income for Q4 was $26.2 million ($0.27 per diluted share), compared to $24.4 million in Q4 2023.
FCPT acquired 45 properties for $132.5 million in Q4 at a 7.0% initial weighted average cash yield. For the full year 2024, they acquired 87 properties for $264.6 million at a 7.1% yield. The company's portfolio now consists of 1,198 properties across 47 states with 99.6% occupancy and a 7.3-year weighted average remaining lease term.
The company increased its quarterly dividend by 2.9% to $0.3550 per share. FCPT maintained strong liquidity with $347 million available, including cash and credit facility capacity. The company's leverage ratio was 5.4x at quarter-end, or 4.9x including outstanding equity under forward sales agreements.
Four Corners Property Trust (FCPT) has announced significant changes to its credit facility. The company has increased its overall facility size from $765 million to $940 million, which includes expanding the revolving credit facility to $350 million and establishing a new $225 million term loan. Both facilities will mature in February 2029, with a one-year extension option.
The Term Loan will partially be used to pay down $150 million of loans maturing in November 2025. FCPT has also secured a one-year extension option for $100 million of term loans maturing in November 2026. The company entered into $75 million of interest rate swaps fixing the reference rate at 3.6% through maturity, resulting in an effective interest rate of 4.6% on the additional Term Loan.
Following this transaction, FCPT will have no debt maturities for nearly 2 years and new capital available for growth. The credit facility restructuring was supported by multiple major financial institutions, including J.P. Morgan Chase Bank and BofA Securities as Joint Bookrunners.
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of an automotive service property in Texas for $4.8 million. The property, situated in a highly trafficked corridor, is leased to a national operator under a corporate long-term triple net lease. The transaction's cap rate aligns with FCPT's previous transactions. This acquisition aligns with FCPT's strategy as a real estate investment trust focused on high-quality, net-leased restaurant and retail properties.