Four Corners Ppty Tr Inc Stock Price, News & Analysis

Four Corners Property Trust (NYSE:FCPT) has acquired a corporate-operated Starbucks property in Alabama for $2.3 million. This acquisition is in line with the Company’s strategy to expand its portfolio of high-quality, net-leased restaurant properties. The transaction boasts a cash capitalization rate consistent with previous investments by FCPT. The property is strategically located in a high-traffic area and is secured under a long-term net lease, enhancing FCPT's revenue potential and operational stability.

Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of a Chili’s restaurant property for $2.0 million. This property, located in a robust retail corridor in Virginia, is under a triple net lease with a franchisee operator, maintaining approximately seven years of lease term. The acquisition is priced at a 6.6% going-in cash capitalization rate, excluding transaction costs. This strategic move aligns with FCPT's goal to expand its portfolio in the restaurant sector.

Four Corners Property Trust (NYSE:FCPT) has acquired two properties for $6.8 million in Illinois, consisting of a Starbucks and a dual-tenant site leased to Aspen Dental and WellNow Urgent Care. The leases are under long-term double-net agreements with the brand’s corporate tenant, ensuring stable income. The transaction was priced at a 6.4% cash capitalization rate post-property management expenses, highlighting its strategic acquisition in a prime retail corridor. This move aligns with FCPT's strategy to expand its portfolio in the restaurant and retail sectors.

Four Corners Property Trust (NYSE:FCPT) has acquired an Advance Auto Parts property for $1.8 million. The site is situated in a robust retail corridor in Texas and is currently leased to the corporate operator with approximately 6 years remaining on the term. The acquisition boasts a favorable 6.7% cash capitalization rate, excluding transaction costs, indicating a sound investment strategy aimed at enhancing FCPT's portfolio.

Four Corners Property Trust (NYSE:FCPT) has acquired a Caliber Collision property for $1.9 million, located in a prime retail area in Wisconsin. The property comes with an 11-year net lease agreement with the corporate operator, providing stable cash flow. The acquisition was made at a 6.6% going-in cash capitalization rate, excluding transaction costs. This purchase reflects FCPT's strategy to expand its portfolio by acquiring high-quality, net-leased properties in the restaurant and retail sectors.

Four Corners Property Trust (FCPT) announced a quarterly cash dividend of $0.3175 per share, totaling $1.27 annually. This dividend will be paid on April 15, 2021, to shareholders of record as of March 31, 2021. FCPT specializes in acquiring and leasing restaurant properties, with plans for further portfolio growth in the restaurant and retail sectors. For ongoing updates, visit FCPT's website.

Four Corners Property Trust (NYSE:FCPT) has acquired a Chili’s restaurant property in Georgia for $3.2 million. The property will be leased to a franchisee operator under a triple net lease, featuring a 20-year term with 1.5% annual rent increases. This transaction reflects a 6.5% cash capitalization rate and is situated in a strong retail corridor, enhancing FCPT's portfolio focused on high-quality, net-leased restaurant properties.

Four Corners Property Trust (NYSE:FCPT) has acquired a Texas Roadhouse property in Illinois for $3.1 million. The location is part of a robust retail corridor and operates under a triple net lease with approximately 10 years remaining on the lease term. The acquisition was completed at a 6.4% going-in cash capitalization rate, excluding transaction costs. FCPT aims to grow its portfolio by investing in high-quality restaurant properties.

Four Corners Property Trust (FCPT) announced the issuance of $100 million in senior unsecured notes. The offering includes $50 million notes with an eight-year term at a 2.74% fixed interest rate and $50 million notes with a ten-year term at a 2.99%. Both are set to fund on April 27, 2021. The company will use net proceeds to reduce outstanding amounts under its unsecured credit facility and for general corporate purposes. After terminating interest rate swaps, the all-in interest rate expense is reduced to 2.70% over the notes' lifespan.