Core Insights - Four Corners Property Trust (FCPT) has announced multiple acquisitions totaling $11.6 million, highlighting its strategy to expand and diversify its portfolio [1][7] - The company acquired a Tires Plus property in Georgia for $2.3 million, which is corporate-operated under a long-term triple-net lease [1] - FCPT also purchased four Mission Pet Health properties for $9.3 million, located in strong retail corridors in Illinois and Wisconsin, with a 6.9% cap rate and an average lease term of 11 years remaining [2][7] Company Overview - FCPT is a real estate investment trust (REIT) focused on owning and acquiring high-quality, net-leased restaurant and retail properties, with a history of successful acquisitions [3] - In December, FCPT acquired a newly constructed Jiffy Lube property for $2.7 million, also under a long-term triple-net lease with approximately 12 years remaining [3] Recent Acquisitions - In Q3 2025, FCPT acquired 28 properties for $82 million, with a weighted-average remaining lease term of 11.6 years, diversifying its portfolio across various industries [4] - The acquisitions included 39% medical, 36% auto service, 16% quick service restaurants, and 9% casual dining restaurants by purchase price [4] Strategic Positioning - The recent purchases align with FCPT's strategy to build a resilient portfolio capable of withstanding different economic cycles [5][7] - However, the company faces challenges due to a significant debt load of $1.21 billion, which may lead to elevated borrowing costs [5][7] Market Performance - Over the past three months, FCPT's shares have declined by 9.7%, contrasting with a minor industry decline of 0.2% [5]

Core Insights - Four Corners Property Trust (FCPT) has acquired a newly constructed Jiffy Lube automotive property for $2.7 million, highlighting the company's strategy to expand and diversify its portfolio [1][7] - The property has a 7% cap rate on rent and is located in a strong retail corridor in Colorado, featuring a long-term triple-net lease with approximately 12 years remaining [1][7] Acquisition Strategy - FCPT is a real estate investment trust (REIT) focused on owning and acquiring high-quality, net-leased restaurant and retail properties, with a history of successful acquisitions [2] - In early December, FCPT also acquired a Baptist Health property for $4.7 million, located in Alabama, under a long-term net lease with around 10 years remaining [2] Recent Performance - In Q3 2025, FCPT acquired 28 properties totaling $82 million, with a weighted-average remaining lease term of 11.6 years, diversifying its portfolio across various industries [3] - The acquisitions included 39% medical, 36% auto service, 16% quick service restaurants, and 9% casual dining restaurants by purchase price [3] Financial Considerations - The company's strategy aims to create a resilient portfolio capable of withstanding different economic cycles, although it faces challenges due to a significant debt load of $1.21 billion, which may lead to high borrowing costs [4] - Over the past three months, FCPT's shares have declined by 10.2%, contrasting with a 0.7% decline in the industry [4]