Four Corners Property Trust (FCPT) came out with quarterly funds from operations (FFO) of $0.43 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.42 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.42 per share when it actually produced FFO of $0.43, delivering a surprise of 2.38%. Over the last four quarters, the company has surpassed consensus FFO estimates two ...

Exhibit 99.1 FCPT Announces Second Quarter 2024 Financial and Operating Results MILL VALLEY, CA – July 31, 2024 / Business Wire – Four Corners Property Trust, Inc. ("FCPT" or the "Company", NYSE: FCPT) today announced financial results for the three and six months ended June 30, 2024. Management Comments "FCPT continued its strong performance in the second quarter. We acquired $45 million of high-quality assets while maintaining pricing discipline with an initial weighted average cash yield of 7.2%," said C ...

Henrik Sorensen I am still unhappy with the share of Four Corners Property Trust's (NYSE:FCPT) largest tenant in its ABR. However, I appreciate the Company's efforts to diversify its tenant structure, especially given the positive investment spreads. I am a long-term investor with a buy-and-hold approach (unless material adverse change occurs), so I don't feel comfortable allocating my resources to FCPT - I prefer some of its competitors. Yes, FCPT has strong business metrics regarding occupancy rate, WALT, ...

As of July 15, 2024, there were 36,925,682 trust units of FCPT outstanding, and the public float was 32,819,951 trust units. For further information, please contact: For Investor Relations information, please contact: TORONTO, July 15, 2024 (GLOBE NEWSWIRE) -- Firm Capital Property Trust ("FCPT" or the "Trust"), (TSX: FCD.UN) announced today that the Toronto Stock Exchange (the "TSX") has accepted a notice filed by FCPT of its intention to make a normal course issuer bid (the "NCIB") with respect to its out ...

Four Corners Property Trust (FCPT) recently announced the acquisition of MercyOne outpatient clinic property located in a strong retail corridor in lowa for $3 million. The move aligns with FCPT's portfolio expansion efforts, with real estate leased to strong credit operators. Of late, this real estate investment trust (REIT), mainly engaged in the ownership and acquisition of highquality, net-leased restaurant and retail properties, has been on an acquisition spree. Moreover, in the same month, Four Corner ...

The property is corporate-operated under a triple net lease with five years of residual term and is likely to generate steady revenues. Priced at a cap rate of 7.1% on rent as of the closing date, excluding transaction costs, FCPT's latest acquisition seems prudent. In May, Four Corners announced the purchase of eight Mavis Tire and affiliated operated properties for $20 million. Located across Alabama, Georgia, Louisiana, New Jersey, New York and Tennessee, each of these properties is operated under a long ...

Klaus Vedfelt Investment thesis I consider Four Corners Property Trust (NYSE:FCPT) to be overvalued when compared to its competitors. It has some strengths, but they are either comparable or even more evident within the peer group. On the other hand, there are some risk factors and weaknesses that only relate to FCPT, on top of the general risks accompanying each REIT (e.g. prolonging highinterest rate environment or any potential tenant issues). Each investor's capital is limited. Thus, I wouldn't recommen ...

Four Corners Property Trust (FCPT) has announced the purchase of eight Mavis Tire and affiliated operated properties for $20 million, continuing its spree of strategic acquisitions. This move, which was made as a sale- leaseback transaction, not only diversifies and strengthens FCPT's portfolio but also provides a steady income stream for the company, benefiting both the business and stockholders. Located across Alabama, Georgia, Louisiana, New Jersey, New York and Tennessee, each of these properties is ope ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-37538 Four Corners Property Trust, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

Four Corners Property Trust, Inc. (NYSE:FCPT) Q1 2024 Earnings Conference Call May 2, 2024 11:00 AM ET Company Participants Patrick Wernig - Managing Director, Acquisitions Bill Lenehan - Chief Executive Officer Josh Zhang - Former Vice President, Acquisitions Gerry Morgan - Chief Financial Officer Conference Call Participants Anthony Paolone - JPMorgan Wes Golladay - Baird R.J. Milligan - Raymond James Jim Kammert - Evercore Operator Welcome to the FCPT First Quarter 2024 Financial Results Conference Call. ...