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) agreed to acquire up to 102 Mission Pet Health veterinary properties from Shore Capital Real Estate Partners for up to $268 million. The portfolio, generating initial cash rent of about $17.33 million, is largely under triple net master leases with roughly 10 years remaining and rent escalations averaging over 2%.
Closing is expected in early Q3 2026. Pro forma, Mission Pet Health would represent about 6% of FCPT cash rent, increase medical retail exposure to ~16%, and reduce Darden exposure to ~41%. FCPT plans to fund the deal with cash and its revolving credit facility while remaining below leverage thresholds.
Four Corners Property Trust (NYSE:FCPT) announced a single property asset exchange with Darden Restaurants. FCPT transferred a recently closed Bahama Breeze in Michigan and received an Olive Garden property in Nevada.
FCPT entered a new triple-net lease with Darden at the same rent and terms as the prior lease, in a strong Nevada retail corridor, in a cashless exchange based on reasonably equivalent fair market values.
Four Corners Property Trust (NYSE:FCPT) acquired a Gerber Collision property in North Carolina for $3.5 million. The asset sits on a highly trafficked corridor and is corporate-operated under a triple net lease with about eight years remaining, priced at a 7.5% cap rate on rent at closing.
Four Corners Property Trust (NYSE:FCPT) announced the acquisition of a BJ's Restaurant and Brewhouse property in Texas for $4.6 million. The asset is in a strong retail corridor, is corporate operated, and is subject to a long-term triple net lease priced at a cap rate consistent with prior FCPT deals.
Four Corners Property Trust (NYSE:FCPT) acquired a Belle Tire retail property in Ohio for $2.4 million on May 4, 2026. The asset is corporate-operated under a long-term triple net (NNN) lease with approximately five years remaining. The purchase implied a 7.2% cap rate on rent, exclusive of transaction costs.
Four Corners Property Trust (NYSE: FCPT) reported first-quarter 2026 results for the period ended March 31, 2026. Rental revenue was $69.8 million, up 10.0% year‑over‑year, and net income attributable to common shareholders was $30.3 million ($0.28 diluted). The company declared a $0.3665 quarterly dividend.
Portfolio: 1,313 properties in 48 states, 99.6% occupied, weighted average remaining lease term ~6.7 years. Liquidity was ~$380 million and net debt to adjusted EBITDAre was 5.0x. FCPT closed a $200 million delayed‑draw term loan facility on April 6, 2026 (seven‑year tenor; $50 million drawn).
Four Corners Property Trust (NYSE:FCPT) acquired a Fogo de Chão restaurant property for $5.7 million on April 24, 2026. The asset is corporate-operated under a long-term net lease with approximately 14 years remaining and the deal closed at a 7.0% cap rate, exclusive of transaction costs. The property sits in a strong retail corridor in Illinois.
Four Corners Property Trust (NYSE: FCPT) will report first quarter 2026 financial results for the period ended March 31, 2026 after the market close on Wednesday, April 29, 2026. A conference call and audio webcast for analysts and investors is scheduled for Thursday, April 30, 2026 at 12:00 p.m. Eastern Time.
Live listen-only webcast and phone dial-in details are available, and a replay will be accessible via the webcast for one year.
Four Corners Property Trust (NYSE:FCPT) acquired a National Veterinary Associates property in California for $4.4 million. The asset is corporate-operated under a long-term, net lease and the transaction closed at a 7.1% cap rate on rent, exclusive of transaction costs.
Four Corners Property Trust (NYSE:FCPT) entered a new $200 million senior unsecured delayed-draw term loan facility with a seven-year tenor maturing April 6, 2033.
$50 million was drawn at close for immediate investments; the remaining $150 million is expected to fund acquisitions in late Q2 to early Q3 2026.
The facility carries a 1.25% margin over SOFR tied to FCPT's BBB/Baa3 ratings; pro forma run-rate leverage is ~5.4x, and FCPT reports ~96% hedging of outstanding term loans.