Four Corners Ppty Tr Inc Stock Price, News & Analysis

Four Corners Property Trust (FCPT) has acquired a dual-tenant property housing Aspen Dental and WellNow Urgent Care for $3.0 million. Located in a strong retail area in New York, both leases are with a corporate entity, suggesting stability and a reduced risk profile. The acquisition's cap rate aligns with FCPT's previous transactions, indicating consistent investment strategy. This move is part of FCPT's broader strategy to enhance its portfolio of high-quality, net-leased properties, which may positively impact its revenue growth.

Four Corners Property Trust (NYSE:FCPT) announces the acquisition of a RadNet Imaging property for $2.2 million. Located in a prominent retail corridor in Florida, the property operates under a net lease with about 6 years remaining. The deal is priced at a 7.0% cash capitalization rate, not including transaction costs. This acquisition aligns with FCPT's strategy to expand its portfolio by acquiring high-quality, net-leased restaurant and retail properties.

Four Corners Property Trust, Inc. (NYSE: FCPT) has declared a quarterly cash dividend of $0.3325 per share, reflecting a 4.7% increase from the previous quarter. This dividend, equivalent to $1.33 annually, is payable on January 14, 2022, to shareholders on record as of January 3, 2022. The company focuses on acquiring and leasing restaurant and retail properties, aiming to expand its portfolio in these sectors.

Four Corners Property Trust (NYSE:FCPT) has acquired a dual-tenant property featuring Buffalo Wild Wings and Chipotle in New Mexico for $3.4 million. This acquisition, located in a strong retail corridor, comes with a favorable 6.4% cash capitalization rate and approximately 6 years of weighted average lease term remaining. The transaction enhances FCPT's portfolio of high-quality, net-leased restaurant and retail properties, supporting the company’s growth strategy in the competitive market.

Four Corners Property Trust (NYSE:FCPT) has acquired a Bank of America property for $1.4 million in Michigan, part of its ongoing strategy to expand its portfolio. This acquisition aligns with FCPT's focus on high-quality, net-leased restaurant and retail properties. The property is corporate-operated under a triple net lease and has about five years of lease term remaining. With this latest deal, FCPT has now acquired a total of 24 properties for $73 million from Seritage, showcasing its growth in the sector.

Four Corners Property Trust (NYSE:FCPT) has acquired two Caliber Collision properties for $1.0 million, located in high-traffic areas of Ohio. These properties are leased on a corporate-operated net lease with an average remaining term of 8 years. The acquisition was executed at a 6.6% going-in cash capitalization rate, excluding transaction costs. This strategic move aligns with FCPT’s goal to expand its portfolio of high-quality, net-leased restaurant and retail properties.

Four Corners Property Trust (FCPT) has acquired a Carrabba's property in Missouri for $1.7 million. This acquisition, part of FCPT's strategy to expand its portfolio of net-leased restaurant and retail properties, is situated in a prime retail corridor and features a corporate-operated triple net lease with approximately six years remaining. The transaction was valued at a 6.2% cap rate on current rent, excluding transaction costs, indicating a solid investment opportunity for FCPT.

Four Corners Property Trust (FCPT) announced robust financial results for Q3 2021, highlighting a 12.3% increase in rental revenue to $43.7 million and a net income of $21.2 million ($0.28 per diluted share). The company acquired 53 properties for $107 million, focusing on non-restaurant sectors. FCPT maintained a strong rent collection rate of 99.8% and improved its Funds from Operations (FFO) per share to $0.39. Despite a slight increase in G&A expenses, liquidity remains healthy with $204.8 million available, including $7.8 million in cash. The company continues to prioritize growth through strategic acquisitions.

Four Corners Property Trust (NYSE:FCPT) has acquired a newly constructed Raising Cane’s restaurant property for $2.2 million. Located in a prime retail corridor in Illinois, this property is leased to the corporate operator under a triple net lease with 15 years remaining. The transaction aligns with FCPT's strategy of owning and acquiring high-quality net-leased properties and was priced at a cap rate consistent with previous FCPT transactions.