Core Viewpoint - Four Corners Property Trust (FCPT) has successfully acquired an Outback Steakhouse property for $2.4 million, indicating a strategic move to enhance its portfolio of high-quality, net-leased restaurant and retail properties [1] Acquisition Details - The acquired property is located in a highly trafficked corridor in Missouri, which is expected to provide strong foot traffic and visibility [1] - The property is corporate-operated under a triple net lease, ensuring stable income for the company [1] - The lease has approximately eight years remaining, providing a long-term revenue stream for FCPT [1]

Group 1 - Four Corners Property Trust (FCPT) announced the acquisition of three Express Oil Change & Tire Engineers properties for $9.5 million, indicating the company's expansion and diversification efforts aimed at future revenue growth [1] - The properties were purchased at a 6.6% cap rate on rent, secured under a long-term, triple-net lease with approximately 19 years remaining, which will help ensure FCPT's long-term cash flows [2] - FCPT has a history of acquisitions, including the purchase of a Caribou Coffee property for $1.4 million in April 2025, also under a long-term, triple-net lease with about eight years remaining [3] Group 2 - In April 2025, FCPT also acquired properties for Chuy's, Outback Steakhouse, and an automotive service property for $2.9 million, $1.6 million, and $5.3 million respectively, aligning with its strategy to build a resilient portfolio [4] - Over the past three months, FCPT's shares have increased by 2.1%, contrasting with a 2.2% decline in the industry [5] - The broader REIT sector includes better-ranked stocks such as Welltower and Cousins Properties, with upward revisions in their 2025 FFO per share estimates [6]