Every 8-K that Four Corners Property Trust, Inc. (FCPT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow FCPT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FCPT filings page.
Four Corners Property Trust, Inc. reported second quarter 2026 rental revenue of $70.0 million, up 8.0% year over year. Net income attributable to common shareholders was $30.0 million, or $0.27 per diluted share, versus $27.9 million and $0.28 a year earlier. AFFO per diluted share was $0.45, up 1.4%, and NAREIT FFO per diluted share was $0.42, flat year over year. For the first six months of 2026, net income was $60.3 million ($0.55 per diluted share), with AFFO per share of $0.90 and FFO per share of $0.84. Rent collections remained very high, with 99.7% of contractual base rent received for the quarter. The company declared a $0.3665 quarterly dividend and is transitioning to monthly dividends of $0.1222 per share for July, August and September.
As of June 30, 2026, FCPT’s rental portfolio comprised 1,336 properties in 48 states, 99.5% occupied, under long-term net leases with a weighted average remaining term of 6.6 years23 properties for $57.2 million at a 6.8% initial cash yield and 7.5% GAAP yield, with no dispositions. Management highlighted that through July the company has already surpassed its prior record for annual investment, including the $268 million, 102-building Mission Pet Health veterinary portfolio completed in July, largely under two master NNN leases and with more than 6x rent coverage, which further diversifies rent and reduces Darden exposure to approximately 41% of total rent.
Liquidity at quarter-end was about $525 million, including $25 million of cash, $150 million of undrawn delayed-draw term loans and a fully undrawn $350 million revolver. Total debt was $1,265 million (term loans and unsecured notes), and leverage measured as net debt to adjusted EBITDAre was 5.2x. FCPT closed a new $200 million seven-year senior unsecured delayed-draw term loan in April and, on July 28, entered a Fifth Amended and Restated Credit Agreement that increased the overall facility to $1.15 billion, added a new $400 million term loan maturing in 2031, improved credit spreads (SOFR plus 0.90% on term loans and 0.85% on revolver draws based on current ratings), and extended certain maturities. The company reports 100% fixed-rate debt as of June 30, 2026 and investment grade ratings of BBB/Baa3 on its senior unsecured debt.
Four Corners Property Trust entered into a Fifth Amended and Restated Revolving Credit and Term Loan Agreement with a syndicate of existing and new lenders, increasing its unsecured credit capacity from $940 million to $1.15 billion. The centerpiece is a new senior unsecured $400 million term loan maturing in August 2031.
Of this 2031 term loan, $360 million was drawn at close, with $190 million earmarked to repay loans maturing in November 2026 and February 2027, and $210 million expected to fund investments and other general corporate purposes. Based on investment grade ratings of BBB/Baa3, term loans currently price at SOFR + 0.90% and revolver borrowings at SOFR + 0.85%, implying an all-in rate of about 4.5% on term loans given a 3.6% SOFR reference rate.
The improved spreads, estimated at 5–10 bps tighter, are expected to reduce annual interest expense by about $450,000 across $800 million of term loans. An existing $85 million term loan tranche now matures in March 2028 with a one-year extension option. As hedges become effective by August 2026, 72% of term loans will be swapped to a fixed 3.1% blended rate and 82% of total debt will be fixed, while FCPT retains full availability under its $350 million revolving facility and remains under 6.0x leverage.
Four Corners Property Trust, Inc. completed the acquisition of 102 Mission Pet Health veterinary properties for $268.0 million, based on approximately $17.37 million of initial full year cash rent and inclusive of a rent credit received at closing. The properties were acquired from Shore Capital Real Estate Partners Holdco, LLC and are operated by Mission Pet Health.
Including this transaction, the company reports it has acquired 139 properties year-to-date for a total investment of $364.3 million (excluding transaction costs) at a weighted average cap rate of 6.6%, exceeding its previous record for annual acquisition volume within the first seven months of the year.
Four Corners Property Trust, Inc. held its annual stockholder meeting on June 4, 2026. Stockholders re-elected eight directors, each receiving over 96 million votes in favor, with broker non-votes of about 4.7 million on each director item.
Stockholders also ratified KPMG LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 101,759,783 votes for and 993,777 against. In addition, they approved, on a non-binding advisory basis, the compensation of the company’s named executive officers, with 95,046,509 votes for and 2,913,864 against.
Four Corners Property Trust has signed a definitive agreement, through its subsidiary FCPT Holdings, LLC, to acquire up to 102 Mission Pet Health veterinary properties for a purchase price of up to $268.0 million, subject to due diligence and customary closing conditions.
The assets are mainly under two triple net master leases with a weighted average remaining term of about 10 years and average annual rent escalations of over 2.0%, priced off initial cash rent of approximately $17.33 million. FCPT cites portfolio EBITDAR coverage of more than 6x, indicating strong tenant operating performance.
Pro forma for this transaction and other recent acquisitions, Mission Pet Health is expected to contribute about 6% of FCPT’s cash rent, lifting medical retail exposure to roughly 16% and reducing Darden to around 41% of cash rent. FCPT plans to fund the deal with cash on hand and its undrawn revolving credit facility while remaining below its stated leverage thresholds.
Four Corners Property Trust reported stronger Q1 2026 results with continued balance sheet discipline. Rental revenue rose 10.0% year over year to $69.8 million, within total revenue of $78.2 million. Net income attributable to common shareholders was $30.3 million, or $0.28 per diluted share, compared with $26.2 million, or $0.26 per diluted share, a year earlier.
AFFO per diluted share was $0.45, up 3.4% from Q1 2025, while NAREIT FFO per diluted share was $0.42, up 4.7%. The portfolio comprised 1,313 properties in 48 states, 99.6% occupied with a 6.7-year weighted average lease term. FCPT acquired ten properties for $26.2 million at a 6.8% initial cash yield and a 7.3% GAAP yield.
As of March 31, 2026, FCPT had about $380 million of liquidity, including $30 million of cash and $350 million of revolver capacity, against $1,215 million of debt and leverage of 5.0x net debt to adjusted EBITDAre. On April 6, 2026, the company entered into a new $200 million seven-year senior unsecured delayed draw term loan, drawing $50 million at close to fund its investment pipeline.
Four Corners Property Trust entered into a new $200 million senior unsecured delayed draw term loan facility with a syndicate of banks, maturing on April 6, 2033. The company drew $50 million at closing to fund its immediate investment pipeline and other general corporate purposes.
The remaining $150 million of commitments can be drawn later and is expected to fund additional acquisition pipeline opportunities. Pricing is based on SOFR or an alternate base rate plus a margin linked to the company’s investment‑grade credit ratings, with financial covenants limiting leverage and requiring minimum coverage ratios.
Four Corners Property Trust, Inc. appointed Michael Friedland, aged 66, to its Board of Directors effective April 1, 2026, with a term expiring at the 2026 annual meeting of stockholders. The Board determined he is an independent director under New York Stock Exchange listing standards.
Friedland will serve on the Investment Committee and the Nominating and Governance Committee and receive standard non-employee director compensation, prorated from his start date. With his addition, the Board will have eight members, seven of whom are independent, with 50% female representation and 25% from underrepresented groups.
He brings more than 30 years of experience in corporate and real estate finance and most recently served as Vice Chair of Global Corporate Banking at JPMorgan Chase Bank, N.A. until his retirement in March 2026, following multiple senior roles in real estate and leveraged finance.
Four Corners Property Trust reported higher 2025 earnings and continued portfolio growth. For the fourth quarter, rental revenue rose 11.6% year over year to $67.8 million, and net income attributable to common shareholders increased to $29.4 million, or $0.28 per diluted share.
For the full year 2025, net income attributable to common shareholders was $112.4 million, or $1.09 per diluted share, up from $100.5 million, or $1.07 per diluted share, in 2024. AFFO per diluted share grew to $1.78 and NAREIT FFO per diluted share reached $1.68.
The company invested about $317.9 million across 105 properties in 2025 at an initial weighted average cash yield of 6.8%, ending the year with 1,303 properties that were 99.6% occupied and a 6.9‑year weighted average remaining lease term. Rent collections remained very strong at 99.5% for the fourth quarter and 99.8% for the full year.
FCPT declared a fourth‑quarter 2025 dividend of $0.3665 per share, a 3.2% increase over the prior quarter. At December 31, 2025, the company reported net debt to adjusted EBITDAre of 5.1x (4.9x including forward equity), with approximately $402 million of available liquidity and 98% of debt effectively fixed-rate.
Four Corners Property Trust, Inc. filed a current report to let investors know that its management team will be giving upcoming investor presentations about the company. To support these meetings, Four Corners has prepared an investor presentation, which is provided as Exhibit 99.1 and is incorporated by reference in this report.
The company notes that the investor presentation and the related disclosure are being treated as information that is “furnished,” not “filed,” under securities laws. This distinction limits how the material is used for certain legal purposes, including liability under Section 18 of the Exchange Act and incorporation into other SEC filings, unless specifically referenced.
Four Corners Property Trust (FCPT) entered into indemnification agreements with each of its independent directors, effective November 5, 2025. The agreements commit FCPT to indemnify these directors to the maximum extent permitted under Maryland law and the company’s charter, and to advance expenses in covered proceedings upon receipt of required affirmations and undertakings.
The filing notes that indemnification for liabilities arising under the Securities Act of 1933 is, in the SEC’s view, against public policy and unenforceable. FCPT filed the form of the Indemnification Agreement as Exhibit 10.1.
Four Corners Property Trust (FCPT) established an at-the-market equity program for the offer and sale of common stock with an aggregate gross sales price of up to $500,000,000, from time to time, through multiple banks as sales agents and, if applicable, as forward sellers.
Transactions may occur on the NYSE or via negotiated deals, with commissions that will not exceed 2.0% of the gross sales price. The program also permits separate forward sale agreements; FCPT will not receive proceeds from shares borrowed and sold by forward purchasers to hedge, and it currently expects to physically settle any forward sales, which would deliver cash proceeds at settlement.
FCPT intends to contribute any net proceeds it receives to its operating partnership for general corporate purposes, which may include debt repayment, property acquisitions, capital expenditures, redevelopment, and working capital. The shares are being offered under an effective shelf registration statement and a same‑day prospectus supplement. FCPT terminated its prior equity distribution agreement upon entering into this program.
Four Corners Property Trust (FCPT) furnished materials announcing financial results for the quarter ended September 30, 2025. The company provided a press release (Exhibit 99.1), supplemental financial and operating information (Exhibit 99.2), and an investor presentation (Exhibit 99.3).
The materials are furnished under Items 2.02 and 7.01 and are not deemed filed for purposes of Section 18 of the Exchange Act, nor incorporated by reference except as expressly set forth. FCPT’s common stock trades on the NYSE under the symbol FCPT.