Welcome to our dedicated page for Four Corners Ppty Tr news (Ticker: FCPT), a resource for investors and traders seeking the latest updates and insights on Four Corners Ppty Tr stock.
Four Corners Property Trust Inc (NYSE: FCPT) news coverage provides insight into one of the specialized segments of the real estate investment trust market: net lease properties anchored by restaurant, healthcare, and automotive service tenants. As a REIT that was spun off from Darden Restaurants and has since diversified its portfolio, FCPT generates news through its ongoing acquisition activities and portfolio expansion.
FCPT announcements typically center on property acquisitions and sale-leaseback transactions. The company regularly discloses purchases of restaurant properties from franchisees of national brands, veterinary clinic acquisitions from healthcare operators, and automotive service property additions. Each acquisition announcement reveals the tenant, property type, purchase price, and geographic location, providing transparency into how the company deploys capital.
Earnings reports and financial updates offer quarterly snapshots of portfolio performance, occupancy rates, and rent collection metrics. FCPT's investor communications address funds from operations (FFO), a key REIT performance measure, along with dividend declarations that income-focused investors monitor closely. Balance sheet updates regarding leverage and credit facility availability inform the company's capacity for future acquisitions.
For investors tracking the net lease REIT sector, FCPT news illustrates broader trends in restaurant real estate, healthcare property demand, and sale-leaseback market activity. Bookmark this page to follow acquisition announcements, earnings releases, and portfolio developments from this diversified net lease REIT.
Four Corners Property Trust (NYSE:FCPT) has completed the acquisition of a Burger King property for $2.1 million through a sale-leaseback transaction with Ampler Restaurant Group. The property, situated in a prime retail corridor in Kentucky, features a long-term, triple net lease with a 20-year term.
The transaction is part of a larger portfolio acquisition from Ampler Restaurant Group, priced at a 6.8% cap rate on rent at closing, excluding transaction costs. This latest acquisition marks the 10th property acquired by FCPT from the Ampler portfolio, bringing the total investment to $22.0 million since the initial announcement in March 2025.
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of nine Burger King properties through a sale-leaseback transaction valued at $19.9 million from Ampler Restaurant Group. The properties are strategically positioned in prime retail corridors across Tennessee and will be operated by franchisees under triple net leases with 20-year terms. The transaction was structured with a 6.8% cap rate on rent at closing, excluding transaction costs.
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of six Whataburger properties through a sale-leaseback transaction valued at $16.8 million from MWB Restaurants. The newly constructed properties are strategically positioned in prime retail corridors across Alabama.
The properties are franchisee-operated under triple net leases with approximately 20 years of remaining term. The transaction was structured at a 6.8% cap rate on rent as of the closing date, excluding transaction costs.
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of six Burger King properties for $10.1 million through a sale-leaseback transaction. The properties are strategically located in high-traffic areas across Texas and are secured by long-term, triple net leases with Burger King Corporate guarantees. The transaction's cap rate aligns with FCPT's previous deals.
Four Corners Property Trust (NYSE: FCPT) has announced its quarterly dividend declaration for the first quarter of 2025. The company's Board of Directors has declared a cash dividend of $0.3550 per share, which equates to an annual rate of $1.42 per share.
The dividend will be payable on April 15, 2025, to shareholders of record as of March 31, 2025. FCPT, based in Mill Valley, CA, operates as a real estate investment trust focusing on owning, acquiring, and leasing restaurant and retail properties. The company's strategy involves expanding its portfolio through the acquisition of additional real estate properties for restaurant and retail use on a net lease basis.
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of an automotive service property in Ohio for $4.9 million. The property, situated in a highly trafficked corridor, is leased to a national operator under a corporate long-term triple net lease. The transaction was executed at a 6.8% cap rate on rent as of the closing date, excluding transaction costs.
Four Corners Property Trust (FCPT) reported strong financial results for Q4 and full-year 2024. The company achieved $60.7 million in rental revenue for Q4, up 5.3% year-over-year, with a 99.4% rent collection rate. Net income for Q4 was $26.2 million ($0.27 per diluted share), compared to $24.4 million in Q4 2023.
FCPT acquired 45 properties for $132.5 million in Q4 at a 7.0% initial weighted average cash yield. For the full year 2024, they acquired 87 properties for $264.6 million at a 7.1% yield. The company's portfolio now consists of 1,198 properties across 47 states with 99.6% occupancy and a 7.3-year weighted average remaining lease term.
The company increased its quarterly dividend by 2.9% to $0.3550 per share. FCPT maintained strong liquidity with $347 million available, including cash and credit facility capacity. The company's leverage ratio was 5.4x at quarter-end, or 4.9x including outstanding equity under forward sales agreements.
Four Corners Property Trust (FCPT) has announced significant changes to its credit facility. The company has increased its overall facility size from $765 million to $940 million, which includes expanding the revolving credit facility to $350 million and establishing a new $225 million term loan. Both facilities will mature in February 2029, with a one-year extension option.
The Term Loan will partially be used to pay down $150 million of loans maturing in November 2025. FCPT has also secured a one-year extension option for $100 million of term loans maturing in November 2026. The company entered into $75 million of interest rate swaps fixing the reference rate at 3.6% through maturity, resulting in an effective interest rate of 4.6% on the additional Term Loan.
Following this transaction, FCPT will have no debt maturities for nearly 2 years and new capital available for growth. The credit facility restructuring was supported by multiple major financial institutions, including J.P. Morgan Chase Bank and BofA Securities as Joint Bookrunners.
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of an automotive service property in Texas for $4.8 million. The property, situated in a highly trafficked corridor, is leased to a national operator under a corporate long-term triple net lease. The transaction's cap rate aligns with FCPT's previous transactions. This acquisition aligns with FCPT's strategy as a real estate investment trust focused on high-quality, net-leased restaurant and retail properties.
Four Corners Property Trust (FCPT) has announced the tax characterization of its 2024 common stock distributions. The company distributed a total of $1.38 per share throughout 2024, paid in four quarterly installments of $0.345 each. Of the total distribution, $1.2696 per share was classified as Ordinary Taxable Dividend and $0.1104 per share as Return of Capital.
Each quarterly payment included $0.3174 in Ordinary Taxable Dividends and $0.0276 in Return of Capital. All Ordinary Taxable Dividends qualify as Section 199A Dividends. The company noted that the $0.3550 per share dividend paid on January 15, 2025, will be applicable to the 2025 tax year.
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