Streetbeat News

FCPT

Four Corners Property Trust, Inc.

https://www.fcpt.com

Industry

REIT - Retail

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.

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Raymond James analyst RJ Milligan has maintained an 'Outperform' rating on Four Corners Property Trust (NYSE:FCPT) and increased the price target from $27 to $29.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:04 am

Four Corners Property (NYSE:FCPT) reported Q2 2024 earnings per share of $0.43, beating the analyst estimate of $0.42. The company also reported sales of $66.48 million, surpassing the $65.30 million estimate and marking a 9.54% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:01 pm

Four Corners Property Trust (FCPT) has acquired a Buffalo Wild Wings property in Texas for $2.5 million. The property is located in a high-traffic area and is corporate-operated under a net lease. The transaction was priced at a cap rate consistent with previous FCPT transactions.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 9:59 pm

JMP Securities analyst Mitch Germain has initiated coverage on Four Corners Property Trust (NYSE:FCPT) with a Market Perform rating.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 9:53 am

Four Corners Property Trust (NYSE:FCPT) has acquired a MercyOne outpatient clinic property for $3 million. The property is located in a strong retail corridor in Iowa and is under a long-term, triple net lease with approximately six years remaining. The transaction was priced at a 7.2% cap rate.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 8:16 pm

FCPT has acquired a Mercy Health Clinic property for $3.8 million.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 5:54 am

Four Corners Property Trust (FCPT) has announced the acquisition of a National Veterinary Associates property for $2 million. This acquisition is part of FCPT's strategy to diversify its portfolio and increase its presence in the veterinary sector.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 9:51 pm

Four Corners Property Trust (FCPT) has acquired a BluePearl Pet Hospital property in Michigan for $1.9 million. The property is under a net lease with nine years remaining and was acquired at a 7.9% cap rate.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 8:05 pm

Four Corners Property Trust (FCPT) has acquired a National Veterinary Associates property in Florida for $1.8 million. The property is under a new long-term, triple net lease with annual rent increases. The transaction was priced at a cap rate consistent with previous FCPT deals.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 9:36 pm

FCPT announced a $20 million sale-leaseback agreement for eight Mavis Tire properties.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 7:02 am

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