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)--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”) today announced that the Company has received an inaugural Investment Grade rating from Moody's Investor Service (“Moody's”) of Baa3: stable outlook on its senior unsecured revolving and term loan facility. “The rating from Moody's is a reflection of

FCPT Announces Investment Grade Rating from Moody's Investor Service

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 Outback Steakhouse restaurant property for $5.1 million. The property is located in New Mexico and is operated by Out West Restaurant Group, Inc., a franchisee of Outback Steakhouse. The transaction was pr

FCPT Announces Disposition of an Outback Steakhouse Restaurant Property for $5.1 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 two Wells Fargo bank branches for $5.1 million. The properties are located in highly trafficked corridors in Alabama and Tennessee and are occupied under triple net leases to the corporate entity. The transac

FCPT Announces Acquisition of Two Wells Fargo Bank Branches for $5.1 Million

Four Corners Property Trust, Inc. (NYSE:FCPT ) Q1 2022 Earnings Conference Call April 27, 2022 11:00 AM ET Company Participants Gerry Morgan - CFO Bill Lenehan - President & CEO Patrick Wernig - Director of Acquisitions Conference Call Participants Nate Crossett - Berenberg Anthony Paolone - JPMorgan Wes Golladay - Baird John Massocca - Ladenburg Thalmann Sheila McGrath - Evercore Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the corresponding text be unclear.

Four Corners Property Trust, Inc. (FCPT) CEO Bill Lenehan on Q1 2022 Results - Earnings Call Transcript

Four Corners Property (FCPT) delivered FFO and revenue surprises of -2.38% and 0.88%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Four Corners Property Trust (FCPT) Q1 FFO Miss Estimates

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced financial results for the three months ended March 31, 2022. Management Comments “FCPT had a solid start to 2022, with continued high rent collection levels and opportunistic capital raising to further solidify our strong financial position,” said CEO Bill Lenehan. “Additionally, Fitch upgraded FCPT to BBB which underscores the quality and performance of our portfolio an

FCPT Announces First 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 a Tires Plus property for $2.3 million. The property is located in a dense retail corridor in Illinois and is occupied under a triple net lease to the corporate entity with approximately one year of term rema

FCPT Announces Acquisition of a Tires Plus 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 Fresenius Medical Care property for $3.4 million. The property is located in North Carolina and is corporate-operated under a net lease with 5 years of term remaining. The transaction was priced at a 6.2% g

FCPT Announces Acquisition of a Fresenius Medical Care for $3.4 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 two KC Complete Auto properties for $4.2 million. The properties are located in highly trafficked corridors in Missouri and are occupied under triple net leases to the corporate entity with approximately eigh

FCPT Announces Acquisition of Two KC Complete Auto Properties for $4.2 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 disposition of a Bob Evans restaurant property for $1.5 million. The sale is the result of an unsolicited offer. The transaction was priced at a 4.5% cap rate on rent today, exclusive of transaction costs, and will result i

FCPT Announces Disposition of a Bob Evans Property for $1.5 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 the acquisition of a Mavis Tire property for $2.8 million. The property is located in a highly trafficked corridor in Illinois and is corporate-operated under a triple net lease with approximately 5 years of term remaining. The

FCPT Announces Acquisition of a Mavis Tire Property for $2.8 Million

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 ended March 31, 2022, after the market close on Tuesday, April 26, 2022. A conference call and audio webcast with analysts and investors will be held on Wednesday, Ap

FCPT to Report First Quarter 2022 Financial Results

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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 five Fresenius Medical Care properties for $9.4 million. The properties are located in Louisiana and are corporate-operated under net leases with a weighted average of 6 years of term remaining. The transacti

FCPT Announces Acquisition of Five Fresenius Medical Care Properties for $9.4 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 four outparcel properties consisting of four different brands (Bonefish Grill, Jared, Olive Garden, and Outback Steakhouse) for $9.8 million. The properties are located in a strong retail corridor in Alabama

FCPT Announces Acquisition of Four Outparcel Properties for $9.8 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 Express Oil Change property for $1.5 million. The property is located in a highly trafficked corridor in Mississippi and is occupied under a triple net lease to the corporate entity with approximately elev

FCPT Announces Acquisition of an Express Oil Change Property for $1.5 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 the acquisition of a Red Lobster restaurant property for $2.4 million. The property is located in a strong retail corridor in Arizona and is occupied under a triple net lease to the corporate entity with approximately eight yea

FCPT Announces Acquisition of a Red Lobster Restaurant 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 a Smokey Bones restaurant property for $4.4 million. The property is located in a strong retail corridor in Illinois and is occupied under a triple net lease to the corporate entity with approximately twelve

FCPT Announces Acquisition of a Smokey Bones Restaurant Property for $4.4 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 a Fresenius property for $2.7 million. The property is located in a strong medical corridor in Michigan and is corporate operated under a net lease with approximately six years of term remaining. The transact

FCPT Announces Acquisition of a Fresenius Property for $2.7 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that Fitch Ratings has upgraded FCPT's long-term issuer rating to ‘BBB' from ‘BBB-‘ with a stable outlook. “The rating upgrade by Fitch underscores the quality and performance of our portfolio, the strength of our financial position, and our commitment to a conservative financial policy,” said CFO Gerry Morgan. “This is an important step in lowering our borrowing costs. We thank Fitch for acknow

FCPT Upgraded by Fitch Ratings to BBB with Stable Outlook

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3325 per share (equivalent to $1.33 per share per annum) for the first quarter of 2022. The dividend is payable on April 14, 2022 to shareholders of record as of March 31, 2022. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of res

FCPT Declares First Quarter 2022 Dividend

FCPT enjoyed solid performance during the pandemic, collecting nearly all rent and only abating 1% of ABR.

Four Corners Property Trust: Solid Performance In 2021, But There Are Reasons To Avoid

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 Chili's restaurant property for $3.5 million. The property is located in a dense corridor in South Carolina and is occupied under a triple net lease by a franchisee operator with approximately four years of

FCPT Announces Acquisition of a Chili's Restaurant Property for $3.5 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 the acquisition of two outparcel properties leased to Chili's and Verizon for $5.5 million. The properties are both located in a strong retail corridor in Colorado and are corporate-operated under net leases with a weighted ave

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