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

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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.

Four Corners Property Trust is a well-managed restaurant REIT with strong historical growth, but its current valuation at 16X forward multiple seems driven by market extrapolation. The restaurant industry's tailwinds are turning into headwinds, potentially impacting FCPT's growth and rent collection, despite its robust tenant roster and conservative lease rates. FCPT's debt is well-managed, but rising interest rates could increase interest expenses, slightly dragging on AFFO/share in the coming years.

Four Corners Is Overvalued Relative To Peers

FCPT announces the acquisition of a Raising Cane's property, a Dollar General property and a Jiffy Lube property for $6.6 million.

Four Corners Boosts Portfolio With Acquisition of Multiple Properties

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 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.

FCPT Announces Acquisition of a Raising Cane's Property, a Dollar General Property, and a Jiffy Lube Property for $6.6 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 $0.3550 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. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust pri.

FCPT Declares Fourth Quarter 2024 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 Miller's Ale House property for $3.8 million. The property is located in a strong retail corridor in Georgia and is corporate-operated under a long term, net lease with approximately 11 years of term remain.

FCPT Announces Acquisition of a Miller's Ale House Property 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 and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of three Christian Brothers Automotive properties for $9.6 million. Christian Brothers Automotive is an auto repair business with over 250 locations across 30 states, known for its customer-first approach and co.

FCPT Announces Acquisition of Three Christian Brothers Automotive Properties for $9.6 Million

Four Corners Property Trust, Inc. (NYSE:FCPT ) Q3 2024 Results Conference Call October 31, 2024 11:00 AM ET Company Participants Patrick Wernig - Manager, Investor Relations William Lenehan - Chief Executive Officer Joshua Zhang - Director, Acquisitions Conference Call Participants Anthony Paolone - JPMorgan John Kilichowski - Wells Fargo Mitch Germain - Citizens JMP Wesley Golladay - Baird Jim Kammert - Evercore Sean Hostert - Net Lease Observer Operator Good morning all and thank you for joining us for the FCPT Third Quarter 2024 Financial Results Conference Call. My name is Carly.

Four Corners Property Trust, Inc. (FCPT) Q3 2024 Earnings Call Transcript

Four Corners Property Trust (FCPT) came out with quarterly funds from operations (FFO) of $0.43 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.42 per share a year ago.

Four Corners Property Trust (FCPT) Meets 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 and nine months ended September 30, 2024. Management Comments “FCPT returned to accretively growing the portfolio in the third quarter and is continuing to add to the pipeline with vigor. While we slowed acquisitions in late 2023, we remained prepared to enter the market when conditions improved,” said CEO Bill Lenehan. “We anticipate 2024.

FCPT Announces Third Quarter 2024 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 $2.1 million. The property is located in a strong retail corridor in Georgia and is corporate-operated under a long-term triple net lease. The transaction was priced at a cap rate in.

FCPT Announces Acquisition of a Tires Plus Property 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 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 nine months ended September 30, 2024, after the market close on Wednesday, October 30, 2024. A conference call and audio webcast with analysts and investors will be held.

FCPT to Report Third Quarter 2024 Financial Results

FCPT has significantly reduced its tenant concentration from Darden Restaurants, which previously held a 51% share in FCPT's ABR as of March 2024. Q2 2024 results prove FCPT's quality, reflected in its 99.6% occupancy, reasonable WALT of 7.4 years, and solid credit metrics. FCPT has recently executed two additional investments, with one major deal accounting for half of its 2024 YTD investment activity.

Four Corners Property Trust Delivered Solid Results And Continues Robust Investment Activity

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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 $0.3450 per share (equivalent to $1.38 per share per annum) for the third quarter of 2024. The dividend is payable on October 15, 2024, to shareholders of record as of September 30, 2024. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing.

FCPT Declares Third Quarter 2024 Dividend

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Four Corners announces the acquisition of 19 Bloomin' Brands restaurant properties for $66.4 million.

FCPT Announces Buyout of 19 Bloomin' Brands Restaurant Properties

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 19 Bloomin' Brands restaurant properties comprising of 20 total restaurants (10 Outback Steakhouse restaurants and 10 Carrabba's Italian Grill restaurants, including one dual-tenant property with both concept.

FCPT Announces Acquisition of 19 Bloomin' Brands Restaurant Properties for $66.4 Million

Four Corners Property Trust, Inc. (NYSE:FCPT ) Q2 2024 Earnings Call August 1, 2024 11:00 AM ET Company Participants Patrick Wernig - Manager, Investor Relations Bill Lenehan - Chief Executive Officer Josh Zhang - Director, Acquisitions Conference Call Participants Anthony Paolone - JPMorgan John Kilichowski - Wells Fargo Jim Kammert - Evercore RJ Milligan - Raymond James Mitch Germain - Citizens JMP Operator Good morning, all and thank you for joining us for the FCPT Second Quarter 2024 Financial Results Conference Call. My name is Carly, and I'll be the call coordinator for today.

Four Corners Property Trust, Inc. (FCPT) Q2 2024 Earnings Call Transcript

Four Corners Property Trust (FCPT) Matches 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, 2024. Management Comments “FCPT continued its strong performance in the second quarter. We acquired $45 million of high-quality assets while maintaining pricing discipline with an initial weighted average cash yield of 7.2%,” said CEO Bill Lenehan. “With our strong existing portfolio performance and rent colle.

FCPT Announces Second Quarter 2024 Financial and Operating Results

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Four Corners Property Trust's growth-by-acquisition strategy, geographic diversification, and balance through sector expansion position it for sustained growth, despite potential risks and headwinds. Four Corners Property Trust offers a dividend yield of 5.04% and has a portfolio of 1,137 properties across 149 brands in 47 states. Four Corners Property Trust outperforms its peers in valuation metrics and steady AFFO growth, making it an attractive income-driven investment option.

Four Corners Property Trust: Staying Bullish On This High Yielding Retail-Centric REIT

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 Taco Bell property for $1.7 million. The property is located in a strong retail corridor in Illinois and is franchisee-operated under a triple net lease to K-MAC Enterprises, Inc. (“K-MAC”) with approximate.

FCPT Announces Acquisition of a Taco Bell Property for $1.7 Million

Four Corners Property Trust has made six acquisitions since the last review, diversifying away from its high tenant concentration. Top-tier business metrics include high occupancy rate, decent rent escalators, and solid WALT. With higher cap rates and higher stock price, FCPT's investment spreads are likely to improve.

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