Four Corners Ppty Tr Inc Stock Price, News & Analysis

Four Corners Property Trust (FCPT) will release its financial results for Q4 and the year ending December 31, 2020, on February 17, 2021. The results will be discussed in a conference call on February 18 at 11:00 a.m. ET. Investors can pre-register for the call to ensure expedited entry. FCPT focuses on acquiring and leasing high-quality, net-leased restaurant properties and aims to expand its holdings within the restaurant and retail sectors. Detailed information for the call and the company's background can be found on their website.

Four Corners Property Trust (NYSE: FCPT) has announced the tax characterization of its 2020 common stock distributions. The total distribution for 2020 was $1.2200 per share, with $0.9644 classified as ordinary taxable dividends. Shareholders will receive IRS Form 1099-DIV from Broadridge Corporate Issuer Solutions, which may require additional information for accurate federal tax reporting. The company advises shareholders to consult tax professionals for specific guidance, as tax laws vary.

Four Corners Property Trust (NYSE:FCPT) announces the acquisition of a Jiffy Lube property for $1.6 million through a sale-leaseback transaction. Located in a strong retail corridor in Indiana, the site is leased to Hoosier Automotive Services under a new triple net lease with 15 years remaining. The transaction's terms align with previous acquisitions by FCPT, indicating a consistent investment strategy.

Four Corners Property Trust (NYSE:FCPT) has acquired a Chili’s restaurant property in South Carolina for $2.9 million through a sale-leaseback transaction. The property, located in a strong retail corridor, is leased to a franchisee with a 20-year term remaining at a 6.5% going-in cash capitalization rate, excluding transaction costs. This acquisition contributes to FCPT's strategy of expanding its real estate portfolio, having completed 101 property acquisitions totaling $222.7 million in 2020.

Four Corners Property Trust (FCPT) has acquired a six-property portfolio for $12.0 million. The properties, located in CO, IN, NM, SC, TN, and WI, include popular brands such as 7-Eleven, Advance Auto Parts, Starbucks, and Verizon. Notably, the Starbucks, 7-Eleven, and Advance Auto Parts are corporate-operated, while the Verizon stores are run by franchisees with over 700 locations. The portfolio boasts an approximate six years of weighted average lease term remaining and was acquired at a cap rate consistent with previous FCPT transactions.

Four Corners Property Trust (NYSE:FCPT) has acquired a Recreation Equipment, Inc. (REI) property for $6.8 million. This acquisition is part of the ongoing Seritage transaction that started in October 2019 and was expanded in August 2020. The purchased property, located in a prime retail corridor in Virginia, is net-leased with approximately five years remaining on its term. With this latest acquisition, FCPT has acquired a total of 22 properties for $70 million from Seritage, maintaining a cap rate consistent with previous transactions.

Four Corners Property Trust (NYSE:FCPT) has acquired a Circle K property for $1.6 million in South Carolina. This property is situated in a busy retail area and operates under a triple net lease, with about two years remaining on the lease term. The acquisition was valued at a 7.5% going-in cash capitalization rate. This strategic purchase aligns with FCPT's goal to expand its portfolio of high-quality net-leased properties in the restaurant and retail sectors.

Four Corners Property Trust (NYSE:FCPT) has acquired a corporate-operated Bojangles’ property for $2.1 million, located in a prime retail area in South Carolina. The property is under a triple net lease with approximately nine years remaining on the lease term, and it was priced at a 6.5% going-in cash capitalization rate, not including transaction costs. This acquisition supports FCPT’s strategy to expand its portfolio in the restaurant sector.

Four Corners Property Trust (NYSE:FCPT) has acquired a Panera Bread property located in a busy retail area of Georgia for $2.1 million. The property features a triple net lease and is corporate-operated, with approximately eight years remaining on the lease term. The acquisition was completed at a 6.4% going-in cash capitalization rate, excluding transaction costs, underscoring the strategic nature of the investment aimed at expanding FCPT's portfolio of high-quality net-leased restaurant properties.