Four Corners Ppty Tr (FCPT) Stock News

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust focused on restaurant and retail properties, has acquired a LongHorn Steakhouse property in Michigan for $2.5 million. The strategic acquisition is situated in a high-traffic area and features a corporate-operated tenant under a triple net lease with approximately 7 years remaining. The transaction was structured at a 6.5% capitalization rate on rent at closing, excluding transaction costs.

Four Corners Property Trust (NYSE: FCPT), a REIT focused on restaurant and retail properties, has scheduled its Q2 2025 earnings release for July 29, 2025, after market close. The company will host a conference call and webcast on July 30, 2025, at 12:00 p.m. Eastern Time to discuss the financial results for the three and six months ended June 30, 2025.

The company has provided multiple ways to access the call, including a pre-registration option for expedited entry. The conference call replay will be available through October 28, 2025. FCPT continues its focus on growing its portfolio through acquiring and leasing properties in the restaurant and retail sectors.

Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of four Cheddar's Scratch Kitchen properties for $14.7 million. The properties are strategically located in retail corridors across Kentucky (2 locations), Indiana (1 location), and Virginia (1 location).

The acquired properties are corporate-operated under long-term triple net leases, aligning with FCPT's core business model as a real estate investment trust focused on high-quality, net-leased restaurant and retail properties. The transaction's cap rate is reported to be consistent with previous FCPT acquisitions.

SURMOUNT has successfully advised VIVE Collision on a $4.7 million sale-leaseback portfolio transaction with Four Corners Property Trust (NYSE:FCPT). The deal involves automotive service properties across Maine and Vermont, featuring triple-net leases with 20-year terms. VIVE Collision, a rapidly expanding auto body repair platform with over 60 locations across nine states in the Northeast, will continue operating these facilities. SURMOUNT has now completed more than 35 sale-leaseback transactions for VIVE Collision, demonstrating their expertise in creating competitive bidding environments and securing favorable terms in the net lease market.

Four Corners Property Trust (FCPT) has acquired a portfolio of automotive service properties from VIVE Collision through a sale leaseback transaction valued at $4.7 million. The properties, situated in prime retail areas across Maine and Vermont, are operated by VIVE Collision, a prominent automotive repair company with over 60 locations across nine northeastern states. The acquired properties will be under long-term, triple net leases with approximately 20 years remaining on their terms. VIVE Collision is known for its advanced repair capabilities, technician development programs, and high-quality service standards. The transaction's cap rate aligns with FCPT's previous acquisitions, fitting into their strategy of owning high-quality, net-leased retail properties.

Four Corners Property Trust (NYSE:FCPT) has acquired an Olive Garden property in North Carolina for $4.1 million. The property is strategically positioned in a strong retail corridor and is corporate-operated under a long-term triple net lease. The transaction's cap rate aligns with FCPT's previous acquisitions. FCPT, operating as a real estate investment trust (REIT), focuses on owning and acquiring high-quality, net-leased restaurant and retail properties.

Four Corners Property Trust (NYSE:FCPT) has acquired a Tires Plus property in Georgia for $1.7 million. The property is strategically located in a high-traffic area and is corporate-operated under a triple net lease with approximately three years remaining on the lease term. The transaction was completed at a 7.4% capitalization rate based on the rent at closing, excluding transaction costs. This acquisition aligns with FCPT's focus on high-quality, net-leased retail properties.

Four Corners Property Trust (NYSE:FCPT) has acquired a newly constructed automotive service property in Texas for $5.8 million. The property is strategically located in a high-traffic area and is leased to a national operator under a corporate long-term triple net lease. The transaction was completed at a 6.8% capitalization rate on rent as of the closing date, excluding transaction costs. FCPT, operating as a real estate investment trust (REIT), primarily focuses on owning and acquiring high-quality, net-leased restaurant and retail properties.

Four Corners Property Trust (FCPT) announced Douglas B. Hansen as the new Chair of its Board of Directors, effective June 5, 2025, following his re-election at the 2025 Annual Meeting of Stockholders. Hansen succeeds John S. Moody, who did not seek re-election after 10 years of service. Hansen, who has been with FCPT's board since its inception in 2015, currently chairs the Compensation Committee and serves on the Investment Committee. He brings extensive experience in real estate and capital markets, having founded Redwood Trust, a public mortgage REIT, where he served as President from 1994 to 2008. Hansen is also the President of Resonant Capital since 2009 and holds degrees from Harvard College and Harvard Business School.