FCPT Acquires Tenth Property From Ampler Restaurant Group

Core Insights - Four Corners Property Trust (FCPT) has acquired a Burger King property for $2.1 million through a sale-leaseback from Ampler Restaurant Group, marking the tenth property purchase from this group and totaling $22 million in March [1][4] - The property is situated in strong retail corridors in Kentucky, with a cap rate of 6.8% on rent and a long-term, triple-net lease with 20 years remaining, which will secure long-term cash flows for the company [2][5] - FCPT's strategy focuses on acquiring high-quality, net-leased restaurant and retail properties to ensure stable revenues over the long term [3][5] Acquisition History - In March 2025, FCPT acquired nine additional Burger King properties from Ampler Restaurant Group for $19.9 million, also through a sale-leaseback, located in strong retail corridors in Tennessee with similar lease terms [4] - In 2024, FCPT acquired a total of 87 properties for approximately $265 million, reinforcing its strategy of building a diversified portfolio [5] Market Performance - Over the past three months, FCPT's shares have increased by 3.5%, while the industry has seen a decline of 0.6%, indicating a positive market sentiment towards the stock [6] - Analysts have revised the Zacks Consensus Estimate for FCPT's 2025 funds from operations (FFO) per share upward to $1.77 over the past two months, reflecting bullish sentiment [6]