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 (FCPT) has acquired three Caliber Collision properties in Indiana for $5.4 million. The properties are located in high-traffic areas and are corporate-operated under net leases with a weighted average term of approximately five years remaining. This acquisition was executed at a 7.0% cap rate, excluding transaction costs. FCPT, based in Mill Valley, CA, focuses on acquiring and leasing restaurant and retail properties to expand its portfolio.
Four Corners Property Trust (FCPT) has completed the acquisition of a Chili’s property in Florida for $2.6 million, part of a broader transaction with Seritage initiated in October 2019 and expanded in August 2020. This acquisition marks the final purchase from Seritage, bringing FCPT's total properties acquired from this portfolio to 27 for a cumulative value of $80.8 million. The property is under a triple net lease, situated in a robust retail corridor, and the transaction reflects a cap rate consistent with previous FCPT deals.
Four Corners Property Trust (FCPT) has acquired a Firestone property in Missouri for $1.7 million. The acquisition is strategically located in a high-traffic area and is corporate-operated under a net lease with about 5 years remaining. The deal was completed at a 6.7% cap rate on rent, excluding transaction costs. This acquisition aligns with FCPT's strategy to expand its portfolio of net-leased restaurant and retail properties, enhancing potential rental income and market presence.
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of a BarnesCare occupational medicine clinic in Missouri for $1.8 million. The property is strategically located in a busy area and is corporate-operated under a net lease. The acquisition's pricing was aligned with FCPT's previous transactions, indicating a consistent investment strategy.
Four Corners Property Trust (FCPT) announced the acquisition of a Caliber Collision property in Tennessee for $6.1 million. The property, located in a strong retail corridor, operates under a corporate net lease with approximately seven years remaining. The deal was priced at a 6.7% cap rate, including near-term rent increases and credits received at closing. Excluding transaction costs, the cap rate would be 6.5% based on the rent at closing. This acquisition aligns with FCPT's strategy of growing its portfolio in the restaurant and retail sectors.
Four Corners Property Trust (FCPT) has acquired a Caliber Collision property in Kentucky for $1.3 million. The acquisition is located in a strong retail corridor and features a corporate-operated net lease with approximately seven years remaining. This transaction offers a 6.7% cap rate, considering near-term rent increases and closing credits, with a 6.5% cap rate based on rent at closing. FCPT continues to expand its portfolio of high-quality, net-leased restaurant and retail properties.
Four Corners Property Trust (NYSE:FCPT) has acquired a Whataburger property in Florida for $1.2 million. This corporate-operated site is located in a high-traffic area and is secured under a triple net lease with approximately three years remaining. The acquisition was completed at a 6.3% cap rate, excluding transaction costs. FCPT focuses on acquiring high-quality net-leased restaurant and retail properties, aiming to grow its real estate portfolio strategically.
Four Corners Property Trust (NYSE: FCPT) has declared a quarterly cash dividend of
Four Corners Property Trust (FCPT) reported strong financial results for Q3 2022, with rental revenue increasing by 11.4% year-over-year to $48.7 million. The company successfully acquired $70 million in properties and raised over $87 million through equity issuances. Net income for the quarter was $24.5 million, or $0.30 per diluted share. FCPT's portfolio boasts a 99.9% occupancy rate and strong liquidity of approximately $358 million. They declared a dividend of $0.3325 per share and have an adjusted EBITDAre leverage ratio of 5.5x.
Four Corners Property Trust (NYSE:FCPT) announced an amendment to its revolving credit and term loan agreement, increasing the facility size from
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