Four Corners Property Trust is a real estate investment trust (REIT) that specializes in acquiring and managing a diversified portfolio of restaurant properties located across the United States
The company focuses on single-tenant, net lease commercial real estate, primarily leasing its properties to high-quality, well-established restaurant brands. By providing long-term leases to its tenants, Four Corners aims to generate stable rental income and enhance shareholder value through strategic property investments and an emphasis on tenant quality and operational excellence.
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 six Whataburger properties for $16.8 million from MWB Restaurants via sale-leaseback. The properties are newly constructed and located in strong retail corridors in Alabama and franchisee-operated under long term, triple net leases with approximately 20 years of term remaining. The transaction was priced at a 6.8% cap rate on rent as of the closing date and exclusive of transaction costs.
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 6 Burger King properties for $10.1 million via sale leaseback. The properties are located in highly-trafficked corridors in Texas and are each under long-term, triple net leases guaranteed by Burger King Corporate. The transaction was priced at a cap rate in range with previous FCPT transactions.
Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3550 per share (equivalent to $1.42 per share per annum) for the first quarter of 2025. The dividend is payable on April 15, 2025, to shareholders of record as of March 31, 2025.
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 automotive service property leased to a national operator for $4.9 million. The property is located in a highly trafficked corridor in Ohio and under a corporate long-term triple net lease. The transaction was priced at a 6.8% cap rate on rent as of the closing date and exclusive of transaction costs.
Four Corners Property Trust, Inc. (“FCPT” or the “Company”) (NYSE: FCPT) today announced financial results for the three and twelve months ended December 31, 2024.
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”), announced today that the Company entered into a Fourth Amended and Restated Revolving Credit and Term Loan Agreement with a group of existing lenders (the “Credit Agreement”). The Credit Agreement increases the overall size of the facility from $765 million to $940 million by increasing the revolving credit facility capacity to $350 million and entering into a new $225 million term loan (the “Term Loan”). Both the Term Loan and revolving credit facility mature in February 2029, which may be extended up to one-year at the Company’s discretion, subject to certain conditions. The Term Loan will be used, in part, to pay down $150 million of loans maturing in November 2025.
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 automotive service property leased to a national operator for $4.8 million. The property is located in a highly trafficked corridor in Texas and under a corporate long-term triple net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.
Four Corners Property Trust, Inc. (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”), announced today the tax characterization of its 2024 common stock distributions as shown below.
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 and twelve months ended December 31, 2024, after the market close on Wednesday, February 12, 2025. A conference call and audio webcast with analysts and investors will be held on Thursday, February 13 at 11:00 a.m. Eastern Time, to discuss the results. Details for the call are listed below.
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 Burger King property for $1.7 million. The property is located in a strong retail corridor in Virginia and under a corporate long-term, triple net lease with approximately 13 years of term remaining. The transaction was priced at a 7.0% cap rate on rent as of the closing date and exclusive of transaction costs.
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 automotive service properties for $12 million from a national operator via sale-leaseback. The properties are located in strong retail corridors across multiple states. The sites are under long-term, triple net leases. The transaction was priced at a cap rate in range with previous FCPT transactions. Our tenant has requested confidentiality around disclosure of the brand name.
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 via sale-leaseback of six Christian Brothers Automotive properties for $24.8 million. The properties are located across Georgia (2), Indiana (2), Florida (1), and Illinois (1). The sites are in strong retail corridors with high traffic and attractive demographics. The properties are each under a long-term lease guaranteed by the corporate entity. The transaction was priced at a cap rate in range with previous FCPT transactions.
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 Veterinary Associates property for $3.5 million. The property is located in Connecticut and is corporate-operated under a new long-term, triple net lease with annual rent bumps. The transaction was priced at a cap rate in range with previous FCPT transactions.
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 nine American Family Care properties for $21.2 million. American Family Care is an urgent care, family care, and primary care operator with 384 clinics across 33 states, known for its patient-first approach to providing high-quality healthcare services. The properties are located in strong retail corridors in Alabama (7) and Tennessee (2) and are corporate-operated under long term, triple net leases with approximately 14 years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions.
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 MercyOne outpatient clinic property for $2.8 million. The property is located in a strong retail corridor in Iowa and is under a triple net lease with approximately five years of term remaining. The transaction was priced at a 7.8% cap rate on rent as of the closing date and exclusive of transaction costs.
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 P.F. Chang's property for $4.8 million. P.F. Chang’s China Bistro is an American-based, casual dining restaurant chain with over 200 locations across the United States, serving Asian fusion cuisine. The property is located in a highly trafficked, strong retail corridor in Illinois and under a corporate triple net lease with approximately 5 years of term remaining. The transaction was priced at a 7.4% cap rate on rent as of the closing date and exclusive of transaction costs.
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 City Barbeque property for $2.6 million. City Barbeque is a 25-year-old fast casual barbeque concept with approximately 75 units primarily serving the Southeast and Midwest. The property is newly constructed and located in a highly trafficked corridor in Georgia. The property is under a long-term, triple net corporate lease with approximately 11 years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions.
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 Panera Bread property for $2.0 million. The property is located in a strong retail corridor in Indiana and corporate-operated under a triple net lease with approximately four years of term remaining. The transaction was priced at a 6.8% cap rate on rent as of the closing date and exclusive of transaction costs.
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 NAPA Auto Parts property for $2.0 million. The property is located in a highly trafficked corridor in New York and is under a corporate, triple net lease with approximately 5 years of term remaining. The transaction was priced at a 7.2% cap rate on rent as of the closing date and exclusive of transaction costs.
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 Outback Steakhouse properties for $19.7 million from the same Seller as that of the Bloomin’ Brands 19-property portfolio the Company closed in August 2024. The properties are located in strong retail corridors across Texas (3), Florida (1), and Missouri (1) and are corporate operated under long-term net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.
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 property, a Dollar General property, and a Jiffy Lube property for $6.6 million. The properties are located in strong retail corridors in Texas and Florida under long term, triple net leases with a weighted average of 8 years of term remaining. The Raising Cane’s and Dollar General properties are corporate-operated and the Jiffy Lube is franchisee-operated. The transaction was priced at a 7.3% cap rate on rent as of the closing date and exclusive of transaction costs.
Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3550 per share (equivalent to $1.42 per share per annum) for the fourth quarter of 2024. This represents a 2.9% increase from the prior quarter. The dividend is payable on January 15, 2025, to shareholders of record as of December 31, 2024.
