FCPT continues to expand its portfolio and acquires LongHorn Steakhouse property in Michigan.
FCPT continues its portfolio expansion efforts and acquires four Cheddar's Scratch Kitchen properties for $14.7 million.
FCPT continues its portfolio expansion efforts and acquires a portfolio of automotive service properties through sale-leaseback for $4.7 million.
FCPT continues to expand its portfolio and acquires an Olive Garden property in North Carolina.
FCPT broadens its reach with the recent acquisitions of both the Tires Plus property and the automotive service property.
FCPT acquires Christian Brothers Automotive property through sale-leaseback for $4.3 million. It has also acquired an automotive service property for $5.3 million.
FCPT acquires four Christian Brothers Automotive properties through sale-leaseback for $16.9 million. It has also acquired the Caliber Collision property for $4.2 million.
Four Corners Property Trust announces the acquisition of three Express Oil Change & Tire Engineers properties for $9.5 million.
Wealth is built through consistent, steady gains; FCPT fits this mold with its stable, e-commerce-resistant portfolio and a 5.1% yield. FCPT specializes in services properties, maintaining high occupancy and strong rent collections with a solid tenant financial base. Despite tenant concentration risks, FCPT's properties' fungibility and disciplined acquisition strategy beget attractive cap rates and growth potential.
Four Corners Property Trust, Inc. (NYSE:FCPT ) Q1 2025 Results Conference Call May 1, 2025 12:00 PM ET Company Participants Patrick Wernig - Chief Financial Officer Bill Lenehan - Chief Executive Officer Josh Zhang - Chief Investment Officer Conference Call Participants John Kilichowski - Wells Fargo Catherine Graves - UBS Anthony Paolone - JPMorgan Wes Golladay - Baird Kyle Katorincek - Janney R.J. Milligan - Raymond James Jason Wayne - Barclays James Kammert - Evercore Operator Hello and welcome everyone to the FCPT First Quarter 2025 Financial Results Conference call.
Four Corners Property Trust (FCPT) came out with quarterly funds from operations (FFO) of $0.44 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.43 per share a year ago.
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