Four Corners Ppty Tr Inc Stock Price, News & Analysis

Four Corners Property Trust (FCPT) reported strong financial results for Q4 and the full year ending December 31, 2021. The company achieved a 13.5% increase in rental revenue to $45.5 million, with net income for Q4 rising to $23.7 million ($0.30 per diluted share). AFFO per diluted share grew to $0.41 for Q4 and $1.56 for the year. FCPT raised over $86 million in equity capital and closed $70 million in acquisitions during the quarter. Rent collection was high at 99.8% for Q4. The company declared a dividend of $0.3325 per share, a 4.7% increase from the previous quarter.

Four Corners Property Trust (NYSE:FCPT) announced the acquisition of an outparcel property leased to Truist Bank for $1.1 million. Located in North Carolina's strong retail corridor, the property operates under a triple net lease with 6 years remaining on the lease term. The transaction aligns with previous acquisitions in terms of cap rate, underscoring FCPT's strategy to enhance its portfolio of high-quality, net-leased restaurant and retail properties.

Four Corners Property Trust (FCPT) announced it will release its financial results for the year ending December 31, 2021, on February 16, 2022. The results will be discussed in a conference call scheduled for February 17, 2022, at 11:00 a.m. Eastern Time. This event aims to provide insights into the company's performance, particularly in the restaurant and retail property sectors. Investors are encouraged to pre-register to streamline entry into the call.

Four Corners Property Trust (FCPT) has acquired a VCA Animal Hospital property for $1.7 million. This property, situated in a high-traffic area of Michigan, is corporate-operated under a net lease with around 7 years remaining on the lease term. The acquisition was made at a 7.0% going-in cash capitalization rate, excluding transaction costs. This purchase aligns with FCPT's strategy to enhance its portfolio in the restaurant and retail sectors.

Four Corners Property Trust (FCPT) has acquired a Chick-fil-A property in Connecticut for $3.5 million. This transaction marks the final property acquisition from a portfolio of assets previously announced with Washington Prime, totaling over $100 million across 59 properties. In 2021, FCPT completed acquisitions of 122 properties, totaling approximately $257 million, enhancing its portfolio of net-leased restaurant and retail properties. The new Chick-fil-A location is corporate-operated with around 15 years remaining on the term, offering stable income potential.

Four Corners Property Trust (NYSE:FCPT) has acquired a dual-tenant property in Florida for $4.5 million. The property is leased to DaVita Kidney Care and Nephrology Associates, featuring a total remaining lease term of six years and an annual rent increase of 2.5%. The transaction reflects a going-in cash capitalization rate of 6.75%. This acquisition aligns with FCPT's strategy to expand its portfolio of net-leased restaurant and retail properties.

Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of a Red Lobster restaurant property for $1.9 million. Located in a prime retail area in New York, the property is operated under a long-term, triple net ground lease with 8 years remaining. The acquisition was made at a 6.4% going-in cash capitalization rate, excluding transaction costs. This move aligns with FCPT's strategy to expand its portfolio of net-leased restaurant and retail properties.

Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of a Caliber Collision property located in Pennsylvania for $3.0 million. The property is corporate-operated and has approximately eight years remaining on its lease term. This transaction was executed at a 6.2% going-in cash capitalization rate, excluding transaction costs. FCPT continues to focus on expanding its portfolio by acquiring high-quality, net-leased restaurant and retail properties.