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

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

FCPT has announced the acquisition of a Longhorn Steakhouse property for $2 million.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:47 pm

Four Corners Property reported its Q1 2024 AFFO at $0.43 and sales of $66.467M, surpassing the estimated sales of $64.032M.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:32 pm

Four Corners Property Trust (FCPT) has acquired a Patient First Urgent Care property in Pennsylvania for $6.6 million. The property, situated in a busy corridor, is under a triple net lease with about ten years left on its term. The deal was completed at a 7.1% cap rate on rent, excluding transaction costs.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:42 am

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