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

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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 of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the disposition of a Burger King property for $2.1 million. The property is located in Tennessee and is leased to a subsidiary of Carrols Corporation under a triple net lease with approximately sixteen years of term remaining. The transaction was priced

FCPT Announces Disposition of a Burger King property for $2.1 million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Chili's restaurant property for $1.0 million. The property is located in a strong retail corridor in GA and is occupied under a new triple net lease to a franchisee operator with twenty years of term remaining with four, 5-year optio

FCPT Announces Acquisition of a Chili's Restaurant Property 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 of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Goodyear Tire property for $3.5 million. The property is located in a strong retail corridor in Ohio and is corporate-operated under a triple net lease with approximately ten years of term remaining. The transaction was priced at a 6

FCPT Announces Acquisition of a Goodyear Tire 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 of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Raising Cane's restaurant for $2.1 million from Washington Prime Group. The property is located in Ohio and is under a triple-net lease to the brand's corporate entity with a lease term of approximately fifteen years remaining. This

FCPT Announces Acquisition of a Raising Cane's Restaurant from Washington Prime Group for $2.1 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), announced today that it will release financial results for the fourth quarter and year ended December 31, 2020, after the market close on Wednesday, February 17, 2021. A conference call and audio webcast with analysts and investors will be held on Thursday, February 18

FCPT to Report Fourth Quarter 2020 Financial Results

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MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), announced today the tax characterization of its 2020 common stock distributions as shown below. Record Date Payment Date Total Distribution ($ per share) Form 1099 Box 1a Ordinary Taxable Dividend ($ per share) Form 1099 Box 1b Qualified Taxable Dividend (1) ($ per shar

FCPT Announces Tax Treatment of 2020 Distributions

Four Corners' (FCPT) acquisitions are part of its efforts to bank on the buyout opportunities and enhance the company's portfolio with real estate catering to restaurant and retail industries.

Four Corners (FCPT) on a High With 101 Property Buyouts in 2020

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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 of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a six property portfolio for $12.0 million. The properties include 7-Eleven, Advance Auto Parts, Starbucks, and Verizon (3) branded properties. They are located in highly trafficked corridors in CO, IN, NM, SC, TN, and WI. The Starbuck

FCPT Announces Acquisition of a Six Property Portfolio for $12.0 million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Recreation Equipment, Inc. (“REI”) property for $6.8 million from the Seritage transaction announced in October 2019 and expanded in August 2020. The property is located in a strong retail corridor in Virginia and is corporate-operat

FCPT Announces Acquisition of a REI Property from Seritage Transaction for $6.8 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 of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Circle K property for $1.6 million. The property is located in a highly trafficked retail corridor in South Carolina and is corporate-operated under a triple net lease with approximately two years of term remaining. The transaction w

FCPT Announces Acquisition of a Circle K Property 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 of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a corporate-operated Bojangles' property for $2.1 million. The property is located in a highly trafficked retail corridor in South Carolina and is occupied under a triple net lease with approximately nine years of term remaining. The t

FCPT Announces Acquisition of a Bojangles' Property for $2.1 million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two Outback Steakhouses and one Carrabba's properties for $12.9 million. The properties are located in dense retail corridors in Florida. All three properties are corporate-operated under triple net leases with a weighted average term

FCPT Announces Acquisition of Three Bloomin' Brands Properties for $12.9 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a PNC Bank property for $1.6 million. The property is located in a highly trafficked retail corridor in Ohio and is corporate-operated under a triple net lease with approximately seven years of term remaining. The transaction was price

FCPT Announces Acquisition of a PNC Bank for $1.6 Million

Four Corners' (FCPT) latest acquisitions reflect its efforts to bank on buyout opportunities and enhance the company's portfolio with real estate catering to restaurant and retail industries.

Four Corners (FCPT) Continues Expansion With $2.1M Purchase

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a LongHorn Steakhouse property for $2.1 million from a previously announced Brookfield Properties transaction. The property is located in a highly trafficked retail corridor in Oklahoma and is corporate-operated under a triple net leas

FCPT Announces Acquisition of a LongHorn Steakhouse Property from Brookfield Properties for $2.1 Million

Four Corners' (FCPT) latest acquisitions reflect its efforts to bank on the impressive buyout opportunities and enhance its portfolio with real estate catering to restaurant and retail industries.

Four Corners (FCPT) on Acquisition Spree, Buys Seritage Property

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two Caliber Collision properties for $3.8 million. The properties are located in dense retail corridors in Colorado and Oklahoma. Both properties are corporate-operated under triple net leases with a weighted average of 8.0 years of te

FCPT Announces Acquisition of Two Caliber Collisions for $3.8 million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a portfolio of 13 KFC properties for $21.7 million. The portfolio is located in Alabama and occupied under two, identical, triple-net master leases to one of the largest franchisees in the country with approximately 14 years of term re

FCPT Announces Acquisition of 13 KFC properties for $21.7 million

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FCPT has demonstrated its resiliency with very strong rent collection and occupancy rates. It continues to grow and diversify its asset base in an accretive manner, and maintains a strong balance sheet.

Four Corners Property Trust: The Safest Dividend Is One That's Just Been Raised

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a corporate-operated Starbucks property for $1.2 million. The property is located in a highly trafficked corridor in Mississippi and is occupied under a net lease with approximately five years of term remaining. The transaction was pri

FCPT Announces Acquisition of a Starbucks Property for $1.2 million

Four Corners' (FCPT) Calliber Collison property buyout comes as part of its efforts to capitalize on acquisition opportunities on balance-sheet strength, and fuel the company's portfolio growth.

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