Core Viewpoint - Four Corners Property Trust (FCPT) is diversifying its portfolio through the acquisition of six Christian Brothers Automotive properties for $24.8 million, aiming for steady revenues and future growth [1]. Group 1: Recent Acquisitions - FCPT has acquired six properties located in Georgia (two), Indiana (two), Florida (one), and Illinois (one) through sale-leaseback, benefiting from advantageous locations and favorable demographics [6]. - The company also purchased a corporate-operated triple-net leased National Veterinary Associates property in Connecticut for $3.5 million, which includes provisions for annual rental increments [10]. - In December, FCPT announced the acquisition of nine American Family Care properties for $21.2 million, two Riverview Health properties for $13.5 million, a MercyOne outpatient clinic property in Iowa for $2.8 million, and a P.F. Chang's bistro property in Illinois for $4.8 million [11]. Group 2: Financial Performance and Market Position - Over the past six months, FCPT's shares have increased by 11.8%, outperforming the industry growth of 3.9% [8]. - The Zacks Consensus Estimate for FCPT's 2024 funds from operations (FFO) per share has been lowered marginally to $1.72 over the past two months, indicating a bearish outlook from analysts [8].

Four Corners Property Trust (FCPT) announced the acquisition of nine American Family Care properties for $21.2 million. This is in addition to the buyout of a series of properties announced by FCPT in the current month. It amplifies its vision of structuring a diversified portfolio, which will help it generate steady revenues over the long run.American Family Care is a quality-driven healthcare provider that offers a bouquet of services, such as urgent care, family care and primary care, across its portfoli ...

Four Corners Property Trust (FCPT) has announced the purchase of five Outback Steakhouse properties for $19.7 million, continuing its spree of strategic acquisitions. This move strengthens FCPT's portfolio and provides a steady income stream, benefiting the business and stockholders.Located in strong retail corridors across Texas, Florida and Missouri, the properties are operated under long-term net leases. Priced at a cap rate in range with prior FCPT transactions, the properties add a reliable stream of i ...

Extrapolation is a dangerous tendency in the stock market, and Four Corners (NYSE:FCPT) seems to be priced with extrapolation in mind. The restaurant REIT has put together a strong track record of steady, medium-paced growth and with a 16X forward multiple, it seems the market is extrapolating its history. S&P Global Market Intelligence While we believe FCPT is a reasonably well-managed company, it has been operating in an easy-mode environment for most of its history. An inflection point is coming to the ...

Core Viewpoint - Four Corners Property Trust (FCPT) is actively expanding its portfolio through strategic acquisitions of properties in strong retail corridors, enhancing its long-term lease agreements with reputable tenants [1][2][5]. Group 1: Recent Acquisitions - FCPT recently acquired properties from Raising Cane's, Dollar General, and Jiffy Lube for a total of $6.6 million, executed at a capitalization rate of 7.3% on net rents [1][2]. - The properties are located in Texas and Florida, secured under long-term, triple-net leases with an average remaining term of eight years [2]. - Earlier in November, FCPT acquired a Miller's Ale House property in Georgia for $3.8 million, also under a long-term net lease with approximately 11 years remaining [3]. Group 2: Portfolio Overview - As of October 30, 2024, FCPT has acquired 42 properties worth $132 million in 2024, with a capitalization rate of 7.2% on rents [4]. - The company's rental portfolio consists of 1,176 properties across 47 states, achieving a 99.6% occupancy rate under long-term net leases with a weighted average remaining lease term of around 7.3 years [4]. Group 3: Financial Performance and Shareholder Value - FCPT has a disciplined capital distribution strategy, having increased its dividend six times in the past five years [6]. - The company announced a fourth-quarter dividend of 35.5 cents, reflecting a 2.9% increase over the previous quarter, to be paid on January 15, 2025 [6]. - Over the past six months, FCPT's shares have risen by 17.1%, outperforming the industry growth of 11.6% [7].

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 $0.43 per share when it actually produced FFO of $0.43, delivering no surprise. Over the last four quarters, the company has surpassed consensus FFO estimates two times. ...

FCPT Announces Third Quarter 2024 Financial and Operating Results MILL VALLEY, CA – October 30, 2024 / Business Wire – Four Corners Property Trust, Inc. ("FCPT" or the "Company", NYSE: FCPT) today announced financial results for the three and nine months ended September 30, 2024. Management Comments "FCPT returned to accretively growing the portfolio in the third quarter and is continuing to add to the pipeline with vigor. While we slowed acquisitions in late 2023, we remained prepared to enter the market w ...

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 ...

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 ...