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 Three Bank Properties for $5.4 Million

FCPT Announces Acquisition of Three Bank Properties for $5.4 Million

I am a FROG hunter when it comes to REIT investing, but I still appreciate a healthy COW.

Four Corners Property Trust: A Fat Net Lease Cash COW, But Not A Fat Pitch

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced that it has entered into agreements to issue $125 million of senior unsecured notes (the “Notes”). The Notes consist of $75.0 million of notes with a ten-year term and priced at a fixed interest rate of 3.11%, and $50.0 million of notes with a nine-year term and priced at a fixed interest rate of 3.09%. The Notes are scheduled to fund on March 17, 2022, with the Company'

FCPT Prices $125 Million Private Placement of Senior Unsecured Notes

Four Corners started life the way many REITs do. Here's why that's a problem and what the REIT is doing about it.

This REIT Is (Slowly) Dealing With Its Biggest Problem

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 National Tire and Battery property for $1.6 million. The property is located in a dense corridor in Maryland and is corporate-operated with approximately five years of term remaining. The transaction was pr

FCPT Announces Acquisition of a National Tire & Battery Property from Washington Prime Group for $1.6 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 property occupied by an Arby's, BP, and Little General for $1.7 million. The property is located in a highly trafficked corridor in West Virginia and occupied under a triple net lease with 5 years of term r

FCPT Announces Acquisition of a Property Occupied by an Arby's, BP, and Little General for $1.7 million

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Despite a wave of dividend hikes and robust external growth, net lease REITs have been among the weakest-performing property sectors this year amid concerns over soaring inflation and rising interest rates. Despite their reputation as bond substitutes, net lease REITs have historically delivered above-average earnings growth as accretive external growth has more than offset the drag from muted property-level growth.

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In this article series, we provide a weekly summary of dividend changes. A summary table provides relevant data and key statistics of dividend increases.

Dividend Increases: November 27-December 3, 2021

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 dual-tenant Aspen Dental and WellNow Urgent Care property for $3.0 million. The property is located in a strong retail corridor in New York and both leases are with the corporate entity. The transaction was

FCPT Announces Acquisition of a Dual-Tenant Aspen Dental and WellNow Urgent Care Property for $3.0 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 RadNet Imaging property for $2.2 million. The property is located in a strong retail corridor in Florida and is corporate-operated under a net lease with approximately 6 years of term remaining. The transac

FCPT Announces Acquisition of a RadNet Imaging Property for $2.2 Million

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 fourth quarter of 2021. This represents a 4.7% increase from the prior quarter. The dividend is payable on January 14, 2022 to shareholders of record as of January 3, 2022. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primar

FCPT Announces a 4.7% Increase to Fourth Quarter 2021 Dividend

MILL VALLEY, Calif.--(BUSINESS WIRE)--FCPT Announces Acquisition of a Dual-Tenant Buffalo Wild Wings and Chipotle Property for $3.4 Million

FCPT Announces Acquisition of a Dual-Tenant Buffalo Wild Wings and Chipotle Property for $3.4 Million

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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 Bank of America property for $1.4 million from the Seritage transaction. The property is located in a strong retail corridor in Michigan and is corporate-operated under a triple net lease with approximately

FCPT Announces Acquisition of a Bank of America Property from Seritage Transaction for $1.4 million

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NETLease Corporate Real Estate ETF

Right now, net lease REITs are stuck below all-time highs and underperforming because we are in a high inflation/rising rates environment. Soon enough, however, we should return to a low inflation/low rates environment, which is ideally suited for net lease REITs.

The Net Lease REIT Report For Q3 2021: Ramping Up Acquisition Volume

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 Caliber Collision properties for $1.0 million. The properties are located in highly trafficked corridors in Ohio and are corporate-operated under net leases with a weighted average of 8 years of term rema

FCPT Announces Acquisition of Two Caliber Collision Properties for $1.0 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 Carrabba's property for $1.7 million. The property is located in a strong retail corridor in Missouri and is corporate-operated under a triple net lease with approximately six years of term remaining. The t

FCPT Announces Acquisition of a Carrabba's Property for $1.7 Million

Four Corners Property Trust, Inc. (FCPT) CEO Bill Lenehan on Q3 2021 Results - Earnings Call Transcript

Four Corners Property (FCPT) delivered FFO and revenue surprises of 0.00% and 0.15%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Four Corners Property Trust (FCPT) Matches Q3 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 months and nine months ended September 30, 2021. Management Comments “We are very pleased with our investment pace in the quarter with over $107 million of acquired properties, and a strong pipeline heading into the fourth quarter,” said CEO Bill Lenehan. “We acquired net-lease properties with great brands and fundamentals. Consistent with

FCPT Announces Third Quarter 2021 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 Raising Cane's restaurant property for $2.2 million from Washington Prime Group. The property is newly constructed and located in a strong retail corridor in Illinois and is leased to the corporate operator

FCPT Announces Acquisition of a Raising Cane's Property from Washington Prime Group for $2.2 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 acquisition of a Chili's restaurant property for $3.2 million. The property is located in a strong retail corridor in Missouri and is occupied under a new triple net lease by a franchisee operator with 20 years of term rema

FCPT Announces Acquisition of a Chili's Property for $3.2 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 acquisition of an Aspen Dental property for $1.9 million. The property is located in a highly trafficked corridor in Arkansas and is corporate-operated under a net lease. The transaction was priced at a cap rate in range wi

FCPT Announces Acquisition of an Aspen Dental Property for $1.9 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 Oak Street Health property for $1.8 million. The property is located in a highly trafficked corridor in Oklahoma and is corporate-operated under a long-term, triple net lease. The transaction was priced at

FCPT Announces Acquisition of an Oak Street Health Property for $1.8 Million

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News for Four Corners Property Trust Stock (FCPT)