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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Four Corners Property Trust announces the acquisition of an automotive service property in Arkansas for $5.3 million.
FCPT announces the acquisition of the tenth Burger King property through a sale-leaseback from Ampler Restaurant Group in March.
FCPT announces the acquisition of multiple properties through a sale-leaseback as part of its diversification efforts.
FCPT expands portfolio with a sale-leaseback acquisition for $10.1 million.
Four Corners Property Trust is a net lease REIT with a durable, e-commerce-resistant portfolio of nationally recognized tenants. FCPT demonstrates strong operational fundamentals with near-full occupancy, healthy rent coverage ratios, and steady growth in rental revenue and AFFO. It also has a solid balance sheet with ample liquidity, supporting accretive acquisitions and offering a well-covered dividend yield.
Four Corners Property Trust, Inc. (NYSE:FCPT ) Q4 2024 Earnings Conference Call February 13, 2025 11:00 AM ET Company Participants Patrick Wernig - Chief Financial Officer Bill Lenehan - Chief Executive Officer Josh Zhang - Chief Investment Officer Conference Call Participants Anthony Paolone - JPMorgan Kyle Katorincek - Janney Montgomery Michael Goldsmith - UBS John Kilichowski - Wells Fargo Rich Hightower - Barclays Alec Feygin - Baird Mitch Germain - JMP Jim Kammert - Evercore Operator Good morning all, and thank you for joining us to the FCPT Fourth Quarter 2024 Financial Results Conference Call. My name is Carly, and I'll be coordinating your call today.
Four Corners Property Trust (FCPT) came out with quarterly funds from operations (FFO) of $0.44 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to FFO of $0.43 per share a year ago.