Four Corners Property Trust

Four Corners Property Trust, Inc. engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the following business segments: Real Estate Operations and Restaurant Operations. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties. The Restaurant Operations segment consists of the Kerrow Restaurant operating business. The company was founded on July 2, 2015 and is headquartered in Mill Valley, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Four Corners Property Trust (FCPT) excels in Q4 2022, eyes growth opportunities

FCPT's Q4 2022 performance showcased robust financial metrics, including strong AFFO growth and increased cash rental revenues.
While facing minor challenges such as margin pressures and higher interest expenses, the company remains well-positioned to leverage opportunities for growth and operational enhancements.
With a focus on strategic acquisitions, operational investments, and team expansion, FCPT is poised for continued success in the real estate market.

FCPT excels in Q2 with strong portfolio performance and strategic acquisitions

FCPT's Q2 performance reflects a robust real estate portfolio, marked by high occupancy rates, revenue growth, and strategic acquisitions in key sectors.
Despite challenges in debt markets, the company's prudent financial management and successful debt issuance demonstrate resilience and adaptability.
With a focus on maintaining financial stability and seizing growth opportunities, FCPT is well-positioned to navigate market dynamics and drive long-term value creation.

FCPT reports solid Q3 performance amidst capital challenges and growth opportunities

FCPT's Q3 performance reflects stability and growth, supported by strong financial metrics and high occupancy rates.
While facing challenges in the capital market environment, the company maintains a disciplined approach to capital allocation.
Opportunities lie in the positive performance of the restaurant sector and strategic capital sources for future growth and value creation.

Four Corners Property Trust reports resilient Q4 performance and strategic focus

FCPT's Q4 performance reflects growth in AFFO, record acquisitions, and strategic portfolio optimization despite challenges like slowed acquisition activity and broken deal costs.
The company's strengths lie in its strong capital position, disciplined capital allocation strategy, and focus on quality acquisitions, while challenges include managing debt ratios and deal costs.
Opportunities for FCPT include strategic acquisitions in the current market landscape, leveraging its financial strength for growth, and proactive debt management for sustained stability and value creation.

FCPT reports solid Q1 earnings, navigates challenges with strategic focus

FCPT's Q1 2024 earnings call showcased a robust financial performance, underpinned by strong metrics and prudent financial decisions. While facing challenges in acquisition activity and tenant management, the company remains focused on leveraging opportunities for growth and optimizing its portfolio. With key leadership changes and a clear strategic direction, FCPT is poised for continued success in the real estate sector.

FCPT reports strong Q3 earnings, poised for strategic growth

Four Corners Property Trust (FCPT) delivered a solid Q3 performance, acquiring properties and maintaining a strong portfolio. With minimal exposure to risky sectors, diversified brands, and a healthy balance sheet, FCPT is well-positioned for growth. The company's focus on disciplined investments and active pipeline signal future opportunities for expansion.

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Four Corners Property Trust, Inc. engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the Real Estate Operations and Restaurant Operations segments. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties. The Restaurant Operations segment includes the Kerrow Restaurant operating business. The company was founded on July 2, 2015 and is headquartered in Mill Valley, CA.

MILL VALLEY, Calif.--(BUSINESS WIRE)--FCPT Announces Acquisition of a Two Property Portfolio for $3.3 Million from PREIT

FCPT Announces Acquisition of a Two Property Portfolio for $3.3 Million from PREIT

Four Corners Property Trust is a REIT with interests in properties that are leased under net lease arrangements to tenants in the restaurant and retail industries. The Olive Garden is the company's primary tenant, representing over 40% of the company's annualized base rent.

Four Corners Property Trust: Benefiting From The Resurgence In Restaurant Spending

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a VCA Animal Hospital property for $1.0 million. The property is located in a strong retail corridor in Indiana and is corporate-operated under a net lease with approximately 5 years of term remaining. The tr

FCPT Announces Acquisition of a VCA Animal Hospital Property for $1.0 million

Four Corners Property Trust, Inc. (NYSE:FCPT ) Q2 2022 Earnings Conference Call July 27, 2022 11:00 AM ET Company Participants Gerry Morgan - CFO Bill Lenehan - President & CEO Patrick Wernig - Director of Acquisitions Conference Call Participants Sheila McGrath - Evercore Anthony Paolone - JP Morgan RJ Milligan - Raymond James John Massocca - Ladenburg Thalmann Wes Golladay - Baird Operator Hello everybody, and welcome to the FCPT Second Quarter 2022 Financial Results Conference Call. My name is Sam, and I'll be coordinating your call today.

Four Corners Property Trust, Inc. (FCPT) CEO Bill Lenehan on Q2 2022 Results - Earnings Call Transcript

Four Corners Property (FCPT) delivered FFO and revenue surprises of 0% and 0.18%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Four Corners Property Trust (FCPT) Meets Q2 FFO Estimates

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced financial results for the three and six months ended June 30, 2022. Management Comments “We are pleased with FCPT's strong performance through the first half of the year. In the second quarter, we experienced continued high rent collections, and acquired a number of quality restaurant and retail properties. We continue to maintain a conservative balance sheet and ample l

FCPT Announces Second Quarter 2022 Financial and Operating Results

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of an Outback Steakhouse property for $2.4 million. The property is located in a strong retail corridor in Indiana and is corporate-operated under a net lease with approximately 4 years of term remaining. The tr

FCPT Announces Acquisition of an Outback Steakhouse Property for $2.4 million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of an Advance Auto Parts property for $928,000. The property is located in a highly trafficked corridor in Michigan and is occupied under a net lease to the corporate entity with approximately four years of term

FCPT Announces Acquisition of an Advance Auto Parts Property for $928,000

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of an Advance Auto Parts property for $2.3 million. The property is located in a highly trafficked corridor in Illinois and is corporate-operated under a net lease. The transaction was priced at a 6.3% capitaliz

FCPT Announces Acquisition of an Advance Auto Parts Property for $2.3 million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Caliber Collision property for $1.1 million. The property is located in a highly trafficked corridor in Michigan and is corporate-operated under a net lease with approximately nine years of term remaining.

FCPT Announces Acquisition of a Caliber Collision Property for $1.1 Million

Four Corners' (FCPT) recent acquisition reflects its efforts to bank on buyouts and enhance its portfolio with real estate leased to strong credit operators.

Four Corners (FCPT) to Buy Outparcel Properties for $17.1M

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Thrive Pet Healthcare property for $12.5 million. The property is located in a strong retail corridor in Illinois with a building considerably larger than most of FCPT's acquisitions and is corporate-operat

FCPT Announces Acquisition of a Thrive Pet Healthcare Property for $12.5 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce that it has signed a definitive agreement for the purchase of 7 outparcel properties for $17.1 million. The transaction was priced at a cap rate in range with previous FCPT transactions. The portfolio includes six single tenant

FCPT Announces $17.1 Million Outparcel Portfolio

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today that it will release financial results for the three months and six months ended June 30, 2022, after the market close on Tuesday, July 26, 2022. A conference call and audio webcast with analysts and investors will be held on

FCPT to Report Second Quarter 2022 Financial Results

Four Corners' (FCPT) spate of acquisitions reflects its strategy of banking on buyout opportunities and boosting its portfolio with real estate leased to strong credit operators.

Four Corners (FCPT) Acquires Red Robin Property From PREIT

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Red Robin property for $2.4 million from the PREIT transaction previously announced in June 2022. The property is located in a strong retail corridor in Maryland and is occupied under a triple net lease to

FCPT Announces Acquisition of a Red Robin Property for $2.4 million from PREIT

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MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a DaVita Kidney Care property for $2.2 million. The property is located in a highly trafficked corridor in Kansas and is occupied under a net lease to the corporate entity with approximately seven years of te

FCPT Announces Acquisition of a DaVita Kidney Care Property for $2.2 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--FCPT Announces Second Quarter 2022 Dividend

FCPT Declares Second Quarter 2022 Dividend

Four Corners' (FCPT) recent acquisition reflects its efforts to bank on buyout opportunities and enhance its portfolio with real estate leased to strong credit operators.

Four Corners (FCPT) to Buy Outparcel Properties From PREIT

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the disposition of an Olive Garden restaurant property for $6.3 million. The property is located in Florida and is operated by Darden Restaurants. The transaction was priced at a 4.5% cap rate on current rent, exclusive of tran

FCPT Announces Disposition of an Olive Garden Restaurant Property for $6.3 million

Pennsylvania Real Estate Investment Trust

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce that it has signed a definitive agreement for the purchase of 11 outparcel properties from PREIT (NYSE: PEI) for $32.5 million. The transaction is priced at a 6.5% going-in cash cap rate, exclusive of transaction costs. The portfolio includes 8 single tenant resta

FCPT Announces $32.5 million Outparcel Portfolio with PREIT

These properties serve up satisfying rental income.

This REIT Offers a Tasty 4.9%-Yielding Dividend

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a portfolio of 12 NAPA Auto Parts properties for $21.1 million. The properties are located across 10 states and are occupied under a triple-net master lease to the corporate entity with approximately 5 years

FCPT Announces Acquisition of 12 NAPA Auto Parts properties for $21.1 million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Heartland Dental property for $3.0 million. The property is located in a highly trafficked corridor in Kansas and is occupied under a triple net lease to the corporate entity with approximately eight years

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