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 Property Trust, Inc. (FCPT) CEO Bill Lenehan on Q1 2021 Results - Earnings Call Transcript

Four Corners Property (FCPT) delivered FFO and revenue surprises of -2.56% and 1.23%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Four Corners Property Trust (FCPT) Misses 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, 2021. Management Comments “First quarter results demonstrate the continuing robustness of the Four Corners' portfolio,” said CEO Bill Lenehan. “We maintained industry-leading collections in the existing portfolio and benefited from a full quarter of ownership of the properties acquired at the end of 2020. We continue

FCPT Announces First Quarter 2021 Financial and Operating Results

Four Corners Property Trust: Just Getting Started; 4.3% Yield And 12% Rent Growth

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), announced today that it will release financial results for the three months ended March 31, 2021, after the market close on Tuesday, April 27, 2021. A conference call and audio webcast with analysts and investors will be held on Wednesday, April 28 at 11:00 a.m. Easter

FCPT to Report First Quarter 2021 Financial Results

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two properties for $5.8 million, an individual Chili's and a dual-tenant property leased to Starbucks and T-Mobile. All three leases are with the brand's corporate tenant under long-term, net leases. The properties are both newer build

FCPT Announces Acquisition of an Individual Chili's and a Dual-Tenant Starbucks / T-Mobile for $5.8 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a corporate-operated Starbucks property for $2.3 million. The property is located in a highly trafficked corridor in Alabama and is occupied under a long term, net lease. The transaction was priced at a going-in cash capitalization rat

FCPT Announces Acquisition of a Starbucks Property for $2.3 million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Chili's restaurant property for $2.0 million. The property is located in a strong retail corridor in Virginia and is occupied under a triple net lease by a franchisee operator with approximately seven years of term remaining. The tra

FCPT Announces Acquisition of a Chili's Restaurant Property for $2.0 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two properties for $6.8 million, an individual Starbucks and a dual-tenant property leased to Aspen Dental and WellNow Urgent Care. All three leases are with the brand's corporate tenant under long term double-net leases. The propertie

FCPT Announces Acquisition of an Individual Starbucks and a Dual-Tenant Aspen Dental / WellNow Urgent Care for $6.8 million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of an Advance Auto Parts property for $1.8 million. The property is located in a strong retail corridor in Texas and is occupied under a net lease with the corporate operator with approximately 6 years of term remaining. The transaction w

FCPT Announces Acquisition of an Advance Auto Parts Property for $1.8 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--FCPT Declares First Quarter 2021 Dividend

FCPT Declares First Quarter 2021 Dividend

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Chili's restaurant property for $3.2 million. The property is located in a strong retail corridor in Georgia and will be occupied under a new triple net lease by a franchisee operator with 20 years of term remaining and with annual r

FCPT Announces Acquisition of a Chili's Restaurant Property for $3.2 million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Texas Roadhouse property for $3.1 million. The property is located in a strong retail corridor in Illinois and is occupied under a triple net lease with the corporate operator with approximately 10 years of term remaining. The transa

FCPT Announces Acquisition of a Texas Roadhouse Property for $3.1 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Firestone property for $3.5 million. The property is located in a strong retail corridor in Missouri and is corporate-operated under a triple net lease with approximately six years of term remaining. The transaction was priced at a 6

FCPT Announces Acquisition of a Firestone Property for $3.5 Million

Four Corners Property Trust, Inc. (FCPT) CEO William Lenehan on Q4 2020 Results - Earnings Call Transcript

Four Corners Property (FCPT) delivered FFO and revenue surprises of -2.63% and 0.53%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Four Corners Property Trust (FCPT) Misses Q4 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 and the year ended December 31, 2020. Management Comments “FCPT had a strong fourth quarter with continuing high rent collection levels and over $100 million of acquisitions,” said CEO Bill Lenehan. “We were also successful in raising over $87 million of equity capital in the quarter to fund our growth and maintain conservative leve

FCPT Announces Fourth Quarter 2020 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 of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the disposition of a Bob Evans property in Virginia for $1.4 million. The sale is the result of an unsolicited offer. The transaction will result in an immaterial gain to FCPT and the company plans to repurpose the proceeds into new investment opportunit

FCPT Announces Disposition of a Bob Evans Property for $1.4 million

Four Corners Property Trust has demonstrated itself to be a quality restaurant-oriented REIT in recent years. The company does have some significant exposure to Darden Restaurants, but that firm is solid and its exposure is decreasing every year.

Four Corners Property Trust: A Solid REIT With Long-Term Prospects

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the disposition of a Burger King property for $2.1 million. The property is located in Tennessee and is leased to a subsidiary of Carrols Corporation under a triple net lease with approximately sixteen years of term remaining. The transaction was priced

FCPT Announces Disposition of a Burger King property for $2.1 million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Chili's restaurant property for $1.0 million. The property is located in a strong retail corridor in GA and is occupied under a new triple net lease to a franchisee operator with twenty years of term remaining with four, 5-year optio

FCPT Announces Acquisition of a Chili's Restaurant Property for $1.0 million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Goodyear Tire property for $3.5 million. The property is located in a strong retail corridor in Ohio and is corporate-operated under a triple net lease with approximately ten years of term remaining. The transaction was priced at a 6

FCPT Announces Acquisition of a Goodyear Tire 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 of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Raising Cane's restaurant for $2.1 million from Washington Prime Group. The property is located in Ohio and is under a triple-net lease to the brand's corporate entity with a lease term of approximately fifteen years remaining. This

FCPT Announces Acquisition of a Raising Cane's Restaurant from Washington Prime Group for $2.1 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), announced today that it will release financial results for the fourth quarter and year ended December 31, 2020, after the market close on Wednesday, February 17, 2021. A conference call and audio webcast with analysts and investors will be held on Thursday, February 18

FCPT to Report Fourth Quarter 2020 Financial Results

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