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 Q4 2019

Earnings data Q1 2020

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

FCPT reports robust Q2 performance, eyes diverse acquisition opportunities

FCPT's Q2 2023 earnings call showcased strong financial performance, successful acquisitions, and a focus on seizing opportunities in shifting market dynamics. While challenges in maintaining selectivity and managing costs exist, the company is well-positioned to capitalize on opportunities in diverse sectors and partnerships.

FCPT reports solid Q3 performance amidst capital market challenges

FCPT's Q3 performance was solid, supported by strong rent collections and property acquisitions. While facing challenges in the capital market environment, the company maintains a disciplined approach to capital allocation and seeks opportunities in property sales and lease renewals.

FCPT reports strong Q4 earnings, faces challenges in capital deployment

FCPT's Q4 showed strong financial performance and disciplined capital management. Challenges include deploying capital in current market conditions. Opportunities exist in widened cap rates and strategic acquisitions.

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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 and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two KC Complete Auto properties for $4.2 million. The properties are located in highly trafficked corridors in Missouri and are occupied under triple net leases to the corporate entity with approximately eigh

FCPT Announces Acquisition of Two KC Complete Auto Properties for $4.2 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 disposition of a Bob Evans restaurant property for $1.5 million. The sale is the result of an unsolicited offer. The transaction was priced at a 4.5% cap rate on rent today, exclusive of transaction costs, and will result i

FCPT Announces Disposition of a Bob Evans Property for $1.5 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 Mavis Tire property for $2.8 million. The property is located in a highly trafficked corridor in Illinois and is corporate-operated under a triple net lease with approximately 5 years of term remaining. The

FCPT Announces Acquisition of a Mavis Tire Property for $2.8 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 months ended March 31, 2022, after the market close on Tuesday, April 26, 2022. A conference call and audio webcast with analysts and investors will be held on Wednesday, Ap

FCPT to Report First Quarter 2022 Financial Results

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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 five Fresenius Medical Care properties for $9.4 million. The properties are located in Louisiana and are corporate-operated under net leases with a weighted average of 6 years of term remaining. The transacti

FCPT Announces Acquisition of Five Fresenius Medical Care Properties for $9.4 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 four outparcel properties consisting of four different brands (Bonefish Grill, Jared, Olive Garden, and Outback Steakhouse) for $9.8 million. The properties are located in a strong retail corridor in Alabama

FCPT Announces Acquisition of Four Outparcel Properties for $9.8 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 an Express Oil Change property for $1.5 million. The property is located in a highly trafficked corridor in Mississippi and is occupied under a triple net lease to the corporate entity with approximately elev

FCPT Announces Acquisition of an Express Oil Change Property for $1.5 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 Red Lobster restaurant property for $2.4 million. The property is located in a strong retail corridor in Arizona and is occupied under a triple net lease to the corporate entity with approximately eight yea

FCPT Announces Acquisition of a Red Lobster Restaurant Property for $2.4 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 Smokey Bones restaurant property for $4.4 million. The property is located in a strong retail corridor in Illinois and is occupied under a triple net lease to the corporate entity with approximately twelve

FCPT Announces Acquisition of a Smokey Bones Restaurant Property for $4.4 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 Fresenius property for $2.7 million. The property is located in a strong medical corridor in Michigan and is corporate operated under a net lease with approximately six years of term remaining. The transact

FCPT Announces Acquisition of a Fresenius Property for $2.7 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that Fitch Ratings has upgraded FCPT's long-term issuer rating to ‘BBB' from ‘BBB-‘ with a stable outlook. “The rating upgrade by Fitch underscores the quality and performance of our portfolio, the strength of our financial position, and our commitment to a conservative financial policy,” said CFO Gerry Morgan. “This is an important step in lowering our borrowing costs. We thank Fitch for acknow

FCPT Upgraded by Fitch Ratings to BBB with Stable Outlook

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 first quarter of 2022. The dividend is payable on April 14, 2022 to shareholders of record as of March 31, 2022. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of res

FCPT Declares First Quarter 2022 Dividend

FCPT enjoyed solid performance during the pandemic, collecting nearly all rent and only abating 1% of ABR.

Four Corners Property Trust: Solid Performance In 2021, But There Are Reasons To Avoid

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 $3.5 million. The property is located in a dense corridor in South Carolina and is occupied under a triple net lease by a franchisee operator with approximately four years of

FCPT Announces Acquisition of a Chili's Restaurant 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 and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two outparcel properties leased to Chili's and Verizon for $5.5 million. The properties are both located in a strong retail corridor in Colorado and are corporate-operated under net leases with a weighted ave

FCPT Announces Acquisition of Chili's and Verizon Outparcel Properties for $5.5 Million

Four Corners Property Trust, Inc. (FCPT) CEO Bill Lenehan on Q4 2021 Results - Earnings Call Transcript

Four Corners Property (FCPT) delivered FFO and revenue surprises of 2.50% and 0.81%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Four Corners Property Trust (FCPT) Surpasses Q4 FFO and Revenue 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 year ended December 31, 2021. Management Comments “FCPT closed out 2021 with over $70 million of acquisitions in the fourth quarter, high rent collection levels and strong AFFO per share growth of over 10% for the quarter and 8% for the year in total,” said CEO Bill Lenehan. “We continue to benefit from the expanded addressable

FCPT Announces Fourth 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 an outparcel property leased to Truist Bank for $1.1 million. The property is located in a strong retail corridor in North Carolina and is corporate-operated under a triple net lease with 6 years of term rema

FCPT Announces Acquisition of a Truist Bank Outparcel Property for $1.1 million

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Raymond James Very Bullish on 5 Top High-Yielding, Inflation-Busting REITs

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 months and year ended December 31, 2021, after the market close on Wednesday, February 16, 2022. A conference call and audio webcast with analysts and investors will be held

FCPT to Report Fourth Quarter 2021 Financial Results

MILL VALLEY, Calif.--(BUSINESS WIRE)--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 2021 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 Taxab

FCPT Announces Tax Treatment of 2021 Distributions

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 VCA Animal Hospital property for $1.7 million. The property is located in a highly trafficked corridor in Michigan and is corporate-operated under a net lease with approximately 7 years of term remaining. T

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