Welcome to our dedicated page for Four Corners Property Trust news (Ticker: FCPT), a resource for investors and traders seeking the latest updates and insights on Four Corners Property Trust stock.
Four Corners Property Trust reports news centered on its REIT portfolio of net-leased restaurant and retail properties. Company updates frequently cover acquisitions of corporate-operated properties leased to restaurant, automotive service, veterinary, tire retail and other retail tenants, with details on lease structure, remaining term and acquisition capitalization rates.
FCPT news also includes quarterly financial and operating results, rent collection and occupancy commentary, investor presentations, and balance-sheet activity such as senior unsecured term loan facilities used to support its property acquisition pipeline and general corporate purposes.
Four Corners Property Trust (NYSE:FCPT) acquired a National Veterinary Associates property in California for $4.4 million. The asset is corporate-operated under a long-term, net lease and the transaction closed at a 7.1% cap rate on rent, exclusive of transaction costs.
Four Corners Property Trust (NYSE:FCPT) entered a new $200 million senior unsecured delayed-draw term loan facility with a seven-year tenor maturing April 6, 2033.
$50 million was drawn at close for immediate investments; the remaining $150 million is expected to fund acquisitions in late Q2 to early Q3 2026.
The facility carries a 1.25% margin over SOFR tied to FCPT's BBB/Baa3 ratings; pro forma run-rate leverage is ~5.4x, and FCPT reports ~96% hedging of outstanding term loans.
Four Corners Property Trust (NYSE:FCPT) acquired a newly constructed Left Lane Auto property in Alabama for $3.1 million on April 1, 2026. The asset is corporate-operated under a long-term, triple-net lease with 15 years remaining, priced at a 7.1% cap rate on rent, exclusive of transaction costs.
The location sits in a strong retail corridor and the lease structure shifts typical property expenses to the tenant, supporting predictable cash flow.
Four Corners Property Trust (NYSE:FCPT) acquired a corporate-operated Chili's restaurant property for $2.3 million on April 1, 2026.
The Illinois site sits in a high-traffic retail corridor, is leased on a triple-net basis with approximately six years remaining, and was priced at a 6.8% cap rate including rent credits, exclusive of transaction costs.
Four Corners Property Trust (NYSE:FCPT) appointed Michael Friedland to its Board of Directors, effective April 1, 2026. Mr. Friedland brings over 30 years of real estate finance and corporate credit experience, most recently serving as Vice Chair of Global Corporate Banking at JPMorgan until his March 2026 retirement.
The company said Mr. Friedland advised on FCPT's balance sheet and held senior roles in syndicated finance, real estate special credits, and leveraged finance, including leadership positions since 2010.
Four Corners Property Trust (NYSE:FCPT) acquired a BluePearl Pet Hospital property in Colorado for $3.8 million on March 23, 2026.
The asset is corporate-operated under a net lease with approximately five years remaining and the deal closed at a 7.0% cap rate, exclusive of transaction costs.
Four Corners Property Trust (NYSE:FCPT) acquired a Panera Bread property for $3.8 million in Kentucky on March 19, 2026. The asset is corporate-operated under a triple net lease with approximately six years remaining and the purchase closed at a 6.7% cap rate on rent, exclusive of transaction costs.
Four Corners Property Trust (NYSE:FCPT) acquired a First Watch restaurant property for $2.8 million on March 17, 2026. The asset is corporate-operated under a long-term triple net lease and sits in a strong retail corridor in Wisconsin.
The transaction was priced at a cap rate stated to be in range with previous FCPT transactions, reinforcing the company’s continued acquisition of net-leased restaurant assets.
Four Corners Property Trust (NYSE:FCPT) acquired a VCA Animal Hospital property in Michigan for $3.0 million on March 14, 2026. The property sits on a highly trafficked corridor and is corporate-operated under a long-term triple-net lease.
The deal was priced at a 6.6% cap rate on rent as of closing, exclusive of transaction costs.
Four Corners Property Trust (NYSE:FCPT) acquired a Carrabba's Italian Grill property in Florida for $3.4 million on March 11, 2026. The asset is corporate-operated under a triple-net lease with approximately six years remaining and closed at a 6.6% cap rate on rent, exclusive of transaction costs.
The purchase adds a leased restaurant in a strong retail corridor, providing near-term contracted cash flow and a reported mid-single-digit yield on acquisition price.