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.

Open

27.94

Mkt cap

2.7B

Volume

1.1M

High

28.18

P/E Ratio

26.21

52-wk high

30.93

Low

27.91

Div yield

0.05

52-wk low

21.60

Four Corners Property Trust (FCPT) has acquired a Miller's Ale House property in Georgia for $3.8 million. The property is under a long-term net lease with 11 years remaining, and the transaction was priced at a 7.2% cap rate.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 10:54 pm

Four Corners Property Trust (FCPT) has acquired three Christian Brothers Automotive sites for $9.6 million. This acquisition is part of FCPT's strategy to expand its real estate portfolio.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:38 am

Four Corners Property Trust (FCPT) reported Q3 funds from operations (FFO) of $0.43 per share, which met expectations. However, their sales of $66.79 million fell short of the $67.36 million estimate.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:35 pm

Four Corners Property Trust (FCPT) has acquired a Tires Plus property in Georgia for $2.1 million. The property is under a long-term triple net lease, which is a favorable arrangement for FCPT as it ensures steady rental income with minimal management responsibilities.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 8:10 pm

Evercore ISI Group analyst Steve Sakwa maintains an In-Line rating on Four Corners Property Trust (NYSE:FCPT) and raises the price target from $26 to $28.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 4:56 pm

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

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 3:34 pm

Four Corners Property Trust (FCPT) has acquired 19 properties from Bloomin' Brands for $66.4 million. This acquisition is part of FCPT's strategy to expand its real estate portfolio.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 7:40 am

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

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