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

Earnings data Q2 2023

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' (FCPT) spate of acquisitions marks its strategic efforts to bank on buyouts and grow its portfolio with real estate leased to strong credit operators.

Four Corners (FCPT) Continues Acquisition, Buys Missouri 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 Sun Auto Tire & Service properties for $9.1 million. The properties are located in strong retail corridors in Missouri and are corporate-operated under long-term, triple net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.

FCPT Announces Acquisition of Three Sun Auto Tire & Service Properties for $9.1 Million

The net lease landlord expanded into new areas, which helps solidify its dividend and promote dividend growth.

Here's Why Four Corners Can Keep Raising Its Dividend

Four Corners' (FCPT) latest acquisitions mark its strategic efforts to bank on buyouts and grow its portfolio with real estate leased to strong credit operators.

Four Corners (FCPT) on Acquisition Spree, Buys Assets in Kansas

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 Cheesecake Factory property and a dual-tenant Starbucks and AT&T property for $12.3 million. The properties are located in a highly trafficked corridor in Kansas and are corporate-operated under net leases with a weighted average of approximately seven years of term remaining. The transaction was priced at a 6.6% cap rate, exclusive of transaction costs.

FCPT Announces Acquisition of a Cheesecake Factory Property and a Dual-tenant Starbucks and AT&T Property for $12.3 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 Bubba's 33 restaurant property for $3.1 million from the transaction previously announced in July 2022. The property is newly constructed and located in a highly trafficked corridor in Texas and is corporate-operated under a triple net lease with approximately 10 years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions.

FCPT Announces Acquisition of a Bubba's 33 Restaurant Property for $3.1 Million

Four Corners' (FCPT) acquisitions reflect its efforts to bank on buyouts and enhance its portfolio with real estate leased to strong credit operators.

Four Corners (FCPT) Boosts Portfolio With Property 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 two WellNow Urgent Care properties for $6.4 million from ComptonAddy. The properties are newly constructed and located in strong retail corridors in Ohio. They are corporate-operated under net leases with 10 years of term remaining. The transaction was priced at a 6.2% cap rate on rent as of the closing date, exclusive of transaction costs.

FCPT Announces Acquisition of Two WellNow Urgent Care Properties for $6.4 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 three Caliber Collision properties for $5.4 million. The properties are located in highly trafficked corridors in Indiana and are corporate-operated under net leases with a weighted average of approximately five years of term remaining. The transaction was priced at a 7.0% cap rate, exclusive of transaction costs.

FCPT Announces Acquisition of a Portfolio of 3 Caliber Collision Properties for $5.4 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 Chili's property for $2.6 million from the Seritage transaction previously announced in October 2019 and expanded in August 2020. The property is located in a strong retail corridor in Florida and is under a triple net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.

FCPT Announces Acquisition of a Chili's Property from Seritage Transaction for $2.6 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 Firestone property for $1.7 million. The property is located in a highly trafficked corridor in Missouri and is corporate-operated under a net lease with approximately 5 years of term remaining. The transaction was priced at a 6.7% cap rate on rent as of the closing date, exclusive of transaction costs.

FCPT Announces Acquisition of a Firestone Property for $1.7 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 BarnesCare occupational medicine clinic for $1.8 million. The property is located in a highly trafficked corridor in Missouri and is corporate-operated under a net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.

FCPT Announces Acquisition of a BarnesCare Clinic for $1.8 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 a Caliber Collision property for $6.1 million. The property is located in a strong retail corridor in Tennessee and is corporate operated under a net lease with approximately seven years of term remaining. The transaction was priced at a 6.7% cap rate including near term rent increases, credits received at closing, and exclusive of transaction costs or a 6.5% cap rate on rent as of the closing date.

FCPT Announces Acquisition of a Caliber Collision Property for $6.1 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 Caliber Collision property for $1.3 million. The property is located in a strong retail corridor in Kentucky and is corporate operated under a net lease with approximately seven years of term remaining. The transaction was priced at a 6.7% cap rate including near term rent increases, credits received at closing, and exclusive of transaction costs or a 6.5% cap rate on rent as of the closing date.

FCPT Announces Acquisition of a Caliber Collision Property for $1.3 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 Whataburger property for $1.2 million. The property is in a highly trafficked corridor in Florida and is corporate-operated under a triple net lease with approximately three years of term remaining. The transaction was priced at a 6.3% cap rate, exclusive of transaction costs.

FCPT Announces Acquisition of a Whataburger Property for $1.2 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 $0.34 per share (equivalent to $1.36 per share per annum) for the fourth quarter of 2022. This represents a 2.3% increase from the prior quarter. The dividend is payable on January 13, 2023 to shareholders of record as of December 30, 2022.

FCPT Announces Fourth Quarter 2022 Dividend

Four Corners Property Trust, Inc. (NYSE:FCPT ) Q3 2022 Earnings Conference Call November 2, 2022 11:00 AM ET Company Participants Gerry Morgan - CFO Bill Lenehan - CEO Patrick Wernig - MD, Acquisitions Conference Call Participants Tony Paolone - JPMorgan Rob Stevenson - Janney Wendy Ma - Evercore John Massocca - Ladenburg Thalmann Operator Ladies and gentlemen, hello, and welcome to the FCPT Third Quarter 2022 Financial Results Conference Call. My name is Maxine, and I'll be coordinating the call today.

Four Corners Property Trust, Inc. (FCPT) Q3 2022 Earnings Call Transcript

Four Corners Property (FCPT) delivered FFO and revenue surprises of 0% and 4.55%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

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