Four Corners Property Trust filings document a REIT focused on owning, acquiring and leasing restaurant and retail properties on a net-lease basis. The company’s Form 8-K reports include quarterly financial results, supplemental operating information, Regulation FD investor presentations, material financing agreements and capital-market arrangements involving its common stock and operating partnership.
FCPT proxy materials describe annual meeting matters, director elections, auditor ratification and advisory executive compensation votes. Other filings record board composition, committee assignments, director indemnification agreements, NYSE-listed common stock disclosures, governance practices, capital structure and risk-related information tied to its real estate portfolio and financing strategy.
Four Corners Property Trust, Inc. (FCPT) reported that Chief Operations Officer James L. Brat had two Form 4 transactions on 2026-08-17. He acquired 84 shares of common stock through dividend equivalent rights that accrued on a restricted stock unit award, and 150 shares through dividends that accrued on a restricted stock award, both pursuant to the awards’ dividend reinvestment features. These code J entries are classified as other acquisitions and reflect stock-based compensation mechanics rather than open-market trading.
Four Corners Property Trust, Inc. (FCPT) reported that its Chief Financial Officer, Patrick L. Wernig, acquired additional common stock through dividend-related adjustments on existing equity awards. On August 17, 2026, he received 296 shares as dividend equivalent rights on a restricted stock unit award and 133 shares from dividends on a restricted stock award, all settled in common stock.
FMR LLC and Abigail P. Johnson report beneficial ownership of common stock of Four Corners Property Trust, Inc. as of June 30, 2026. FMR LLC reports beneficial ownership of 7,108,538.56 shares, representing 6.5% of the company’s common stock, with sole dispositive power over this amount and sole voting power over 6,798,094.20 shares.
Abigail P. Johnson is reported as having sole dispositive power over 7,108,538.56 shares and no voting power, reflecting her position in relation to FMR LLC and its subsidiaries. One or more other persons have rights to receive dividends or sale proceeds from these shares, but no such person has an interest exceeding five percent of the outstanding common stock.
Four Corners Property Trust, Inc. updated its at-the-market equity program for its common stock. The program permits the offer and sale, from time to time, of shares of common stock with an aggregate gross sales price of up to $500,000,000 under an Equity Distribution Agreement with a syndicate of financial institutions acting as sales agents and, where applicable, Forward Sellers and Forward Purchasers.
As of July 31, 2026, no shares have been sold under this program, so the full $500,000,000 capacity remains available. An amendment dated July 31, 2026 adds Citigroup Global Markets Inc. as a sales agent and Forward Seller and Citibank, N.A. (or its affiliates) as a Forward Purchaser, expanding the group of institutions that can facilitate sales and related forward transactions.
Four Corners Property Trust, Inc. reported solid results for the three and six months ended June 30, 2026. Total revenues were 78,418 (in thousands) in the quarter, up from 72,842 (in thousands), driven mainly by rental revenue growth. Net income available to common shareholders was 29,964 (in thousands) for the quarter and 60,298 (in thousands) year-to-date, compared with 27,924 and 54,080 (in thousands) in 2025. Diluted EPS was $0.27 for the quarter and $0.55 for the first half.
The portfolio continued to expand, with $85.5 million invested in 33 fully occupied net-leased properties across fifteen states, bringing real estate investments, net, to 2,733,860 (in thousands). The company maintained a conservative balance sheet, with $640 million of term loans, $625 million of senior unsecured notes, and an undrawn $350 million revolving credit facility. A new $200 million delayed draw term loan facility was added, of which $50 million was drawn by June 30, 2026.
As a REIT, Four Corners continued regular shareholder returns, declaring $0.3665 in quarterly dividends per common share, up from $0.3550. Tenant concentration remains meaningful: Darden leases represented 43.8% of scheduled base rents, and 317 Olive Garden locations accounted for 31.1% of lease revenues, diversified across 48 states.
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.
Friedland Michael Lawrence reported acquisition or exercise transactions in this Form 4 filing.
Four Corners Property Trust, Inc. director Michael Lawrence Friedland reported stock-based compensation and a small administrative adjustment in his holdings. On 2026-06-30 he received 713 dividend equivalent rights tied to a restricted stock unit award at $0.0000 per share, each economically equivalent to one common share and settled in stock. On 2026-07-15, a Form 4 notes an additional 100-share “other” transaction, classified as a restructuring-type adjustment. Following these events, he directly holds 7,008 common shares. The Form 4 was filed late due to an inadvertent administrative error related to a change in his election.
Four Corners Property Trust, Inc. director Elizabeth Tennican reported an equity-related adjustment rather than a market trade. A total of 489 shares of common stock reflect dividend equivalent rights that accrued on a restricted stock unit award under its dividend reinvestment feature and are settled in common stock. Following this transaction, Tennican directly holds 34,115 shares of common stock.
Four Corners Property Trust, Inc. director Ogilvie Marran H. reported an adjustment involving 847 shares of common stock coded as an “other” transaction. According to the footnote, these represent dividend equivalent rights that accrued on a restricted stock unit award under its dividend reinvestment feature. Following this accrual, the director holds 66,358 shares of common stock directly.