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

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q4 2023

Earnings data Q1 2024

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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 (FCPT) bolsters its external growth strategy with its recent acquisition of a Fresenius Medical Care property in Georgia for $2.6 million.

Four Corners (FCPT) Continues Acquisitions, Buys $2.6M Asset

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 $2.6 million. The property is located in Georgia and is corporate-operated under a triple net lease with approximately three years of term remaining. The transaction was.

FCPT Announces Acquisition of a Fresenius Medical Care Property for $2.6 Million

To boost its portfolio with real estate leased to strong credit operators, Four Corners (FCPT) announces the acquisition of three W.W. Williams properties through a sale-leaseback transaction.

Four Corners (FCPT) Grows Portfolio With W.W. Williams Assets

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 W.W. Williams properties for $10.3 million via a sale-leaseback. Founded in 1912 in Columbus, Ohio, W.W. Williams is one of the nation's largest truck and equipment servicers. The properties are located.

FCPT Announces Sale Leaseback of Three W.W. Williams Properties for $10.3 Million

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 $100 million of senior unsecured notes (the “Notes”). The Notes have a ten-year term and are priced at a fixed interest rate of 6.44%. In connection with the offering of the Notes, the Company terminated interest rate swaps entered into previously to hedge the interest rate of this offering. This resulted in a gain of $8.1 mil.

FCPT Prices $100 Million Private Placement of Senior Unsecured Notes

Four Corners (FCPT) shells out $5.2 million and $1.4 million for the buyout of a dual-tenant Outback Steakhouse and Hook & Reel property, and a National Veterinary Associates property, respectively.

Four Corners (FCPT) Boosts Portfolio With Two New Buyouts

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 Outback Steakhouse and Hook & Reel property for $5.2 million from Seritage Growth Properties (“Seritage”). The property is located in a strong retail corridor in Ohio and is under net leases.

FCPT Announces Acquisition of a Dual-Tenant Outback Steakhouse and Hook & Reel Property from Seritage for $5.2 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 National Veterinary Associates (“NVA”) property for $1.4 million. The property is located in Washington and is corporate-operated under a new long-term, triple net lease with annual rent bumps. The transact.

FCPT Announces Acquisition of a National Veterinary Associates Property for $1.4 Million

Four Corners (FCPT) is set to acquire 14 Darden restaurant properties for up to $85 million, marking a strategic portfolio expansion.

Four Corners (FCPT) to Acquire 14 Darden 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 signing of a definitive agreement to acquire up to 14 Darden restaurant properties (13 Cheddar's Scratch Kitchen properties and 1 Olive Garden property) for a purchase price of up to $85.0 million on initial cash rent of up.

FCPT Announces Agreement to Acquire Up to 14 Darden Restaurant Properties for $85 Million

To enhance its portfolio quality with real estate leased to strong credit operators, Four Corners (FCPT) purchases a McAlister's Deli property in South Carolina for $2.8 million.

Four Corners (FCPT) Acquires South Carolina Asset for $2.8M

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 McAlister's Deli property for $2.8 million. The property is located in a strong retail corridor in South Carolina and occupied under a long-term, triple net lease with approximately ten years of term remain.

FCPT Announces Acquisition of a McAlister's Deli property for $2.8 million

Essential Properties Realty Trust Inc

NETSTREIT Corp

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3 Net Lease REITs Poised To Profit

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 Heartland Dental property for $2.6 million. The property is located in a strong retail corridor in Missouri and is occupied under a long-term, triple net lease with approximately five years of term remainin.

FCPT Announces Acquisition of a Heartland Dental Property for $2.6 Million

To enhance its portfolio quality with real estate leased to strong credit operators, Four Corners (FCPT) shells out $4.9 million to buy two Fast Pace Health properties.

Four Corners (FCPT) Acquires Two Fast Pace Health 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 two Fast Pace Health properties for $4.9 million. Fast Pace Health is an urgent care provider with more than 200 healthcare centers throughout the United States. The properties are newly constructed and locat.

FCPT Announces Acquisition of two Fast Pace Health Properties for $4.9 Million

To enhance its portfolio quality with real estate leased to strong credit operators, Four Corners (FCPT) acquires a Chili's property in Virginia for $3.3 million.

Four Corners (FCPT) on Acquisition Spree, Buys Virginia Asset

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 Veterinary Associates (“NVA”) property for $637,000. FCPT will also be contributing a tenant allowance of up to $421,000 to NVA for their work on the property, the actual amount of which will be de.

FCPT Announces Acquisition of a National Veterinary Associates Property for $637,000

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 property for $3.3 million. The property is located in a strong retail corridor in Virginia and is corporate-operated under a triple net lease with approximately three years of term remaining. The tr.

FCPT Announces Acquisition of a Chili's Property for $3.3 million

To enhance its portfolio quality with real estate leased to strong credit operators, Four Corners (FCPT) acquires a Brookshire Brothers grocery store property in Texas for $3 million.

Four Corners (FCPT) Expands Portfolio, Buys $3M Texas Asset

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 Brookshire Brothers grocery store property for $3.0 million. Founded in 1921, Brookshire Brothers is an employee-owned grocery store chain with over 100 locations in Texas and Louisiana. The property is loc.

FCPT Announces Acquisition of a Brookshire Brothers Grocery Store for $3.0 Million

Four Corners Property Trust Inc (NYSE:FCPT ) Q1 2023 Results Conference Call May 2, 2023 11:30 AM ET Company Participants Gerald Morgan - CFO Bill Lenehan - President, CEO and Director Patrick Wernig - MD of Acquisitions Conference Call Participants Wes Golladay - Baird John Massocca - Ladenburg Thalmann Operator Ladies and gentlemen, welcome to the FCPT First Quarter 2023 Financial Results Conference Call. My name is Glenn.

Four Corners Property Trust Inc (FCPT) Q1 2023 Earnings Call Transcript

Four Corners Property Trust (FCPT) came out with quarterly funds from operations (FFO) of $0.41 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.41 per share a year ago.

Four Corners Property Trust (FCPT) Matches Q1 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 ended March 31, 2023. Management Comments “FCPT had a solid start to 2023, with continued high rent collection levels and opportunistic capital raising to further strengthen our financial position,” said CEO Bill Lenehan. “We start the second quarter with $142 million of cash and equity forward positions available to fund high-quali.

FCPT Announces First Quarter 2023 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 NAPA Auto Parts property for $1.3 million. The property is in a strong retail corridor in Nebraska and is occupied under a net lease with approximately two years of term remaining. The transaction was price.

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