Four Corners Ppty Tr Inc Stock Price, News & Analysis

Four Corners Property Trust (NYSE: FCPT) will announce its financial results for the third quarter of 2022 on November 1, after market close. A conference call is scheduled for November 2 at 11:00 AM ET to discuss the results. Investors can pre-register for the call to streamline entry. FCPT focuses on owning and acquiring high-quality, net-leased restaurant and retail properties. For more details, visit www.fcpt.com.

Four Corners Property Trust (NYSE:FCPT) has acquired two Buffalo Wild Wings properties in New Jersey for $10.2 million. The acquisition is part of FCPT's strategy to expand its portfolio of net-leased restaurant and retail properties. The properties are secured under a triple net lease with 20 years remaining and annual rent increases of 2%. This transaction is priced at a 6.4% cap rate based on rent at closing, marking a strategic addition to FCPT's asset base.

Four Corners Property Trust (NYSE: FCPT) has announced a quarterly cash dividend of $0.3325 per share, equating to $1.33 per share annually. This dividend will be distributed on October 14, 2022 to shareholders who are on record as of September 30, 2022. The company, based in Mill Valley, CA, focuses on acquiring and leasing properties in the restaurant and retail sectors. For more details, visit www.fcpt.com.

Four Corners Property Trust (NYSE:FCPT) has acquired a portfolio of three restaurant properties, including Miller’s Ale House, Olive Garden, and Outback Steakhouse, for $8.5 million. Located in a strong retail area in Maryland, these assets are under triple net ground leases with a weighted average remaining term of approximately eight years. The transaction's capitalization rate aligns with FCPT's previous dealings, indicating consistent performance. This acquisition reinforces FCPT's strategy to expand its portfolio in the restaurant and retail sectors.

Four Corners Property Trust (FCPT) has acquired a Circle K property and a Firestone property for $6.5 million in Illinois. The properties are situated in a high-traffic area and have long-term, triple net leases with an average remaining term of 5 years. The deal was executed at a 7.0% cap rate, not including transaction costs. This acquisition aligns with FCPT's strategy to expand its portfolio of high-quality restaurant and retail properties.

Four Corners Property Trust (NYSE:FCPT) has acquired a Caliber Collision property in Michigan for $889,000. This site, located in a busy area, is under a net lease with approximately nine years remaining. The acquisition was made at a 6.9% capitalization rate, considering near-term rent increases and excluding transaction costs. FCPT aims to expand its portfolio by acquiring quality net-leased restaurant and retail properties.

Four Corners Property Trust (FCPT) has acquired six outparcel properties for $14.0 million, as part of a transaction first announced in July 2022. This portfolio includes five single-tenant restaurant properties and one non-restaurant retail property, all located in a prominent Texas retail corridor. The properties feature net-lease structures with strong tenancy, having a weighted average remaining lease term of approximately four years. The acquisition aligns with FCPT's strategy to enhance its portfolio of high-quality, net-leased real estate.

Four Corners Property Trust (NYSE:FCPT) has acquired two National Tire and Battery properties for $2.8 million. Located in prime retail corridors in North Carolina, the properties are corporate-operated under triple net leases with an average remaining term of seven years. The acquisition was executed at a 6.1% cap rate on actual rent, demonstrating a strategic move to enhance FCPT's portfolio in the retail sector. The company aims to expand its presence through similar acquisitions in the restaurant and retail industries.