FCPT News

Four Corners Property Trust, Inc. ("FCPT" or the "Company", NYSE: FCPT) today announced financial results for the three months ended March 31, 2020.

Four Corners Property (FCPT) delivered FFO and revenue surprises of 2.78% and -0.59%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Four Corners Property (FCPT) delivered FFO and revenue surprises of 2.78% and -0.34%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Four Corners Property Trust, Inc. (FCPT) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Four Corners Property (FCPT) delivered FFO and revenue surprises of 0.00% and -0.34%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Investors who take an interest in Four Corners Property Trust, Inc. (NYSE:FCPT) should definitely note that the...

Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership of high-quality, net-leased restaurant properties ("FCPT" or the "Company"), announced today that it will release financial results for the three months ended March 31, 2020, after the market close on Wednesday, May 6, 2020. A conference call and audio webcast with analysts and investors will be held on Thursday, May 7 at 11:00 a.m. Eastern Time, to discuss the results.

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a Burger King restaurant property for $1.8 million. The property is located in Alabama and is occupied under a corporate guaranteed triple-net lease with approximately 4 years of term remaining. The transaction was priced at a 6.7% going-in cash capitalization rate.

The quarterly results for Four Corners Property Trust, Inc. (NYSE:FCPT) were released last week, making it a good time...

Q4 2019 Four Corners Property Trust Inc Earnings Call

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties ("FCPT" or the "Company"), is pleased to announce the acquisition of Chick-Fil-A and Chipotle restaurant properties for a combined $2.9 million. The properties are located in South Carolina and are occupied under net leases with 12.8 years of weighted average term remaining. The Chick-Fil-A property was newly constructed in 2018 and both properties are leased to their respective corporate operators. This transaction is the third closing of the previously announced PREIT (NYSE: PEI) outparcel portfolio transaction in November 2019, priced at a 6.5% going-in cash cap rate, on a portfolio basis, exclusive of transaction costs.

Four Corners Property Trust, Inc. ("FCPT" or the "Company", NYSE: FCPT) today announced an update to its previously disclosed activities and response to the ongoing COVID-19 pandemic.

Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.305 per share (equivalent to $1.22 per share per annum) for the first quarter of 2020. The dividend is payable on April 15, 2020 to shareholders of record as of March 31, 2020.

Four Corners Property Trust, Inc. (NYSE:FCPT), which is in the reits business, and is based in United States, saw a...

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Q1 2020 Four Corners Property Trust Inc Earnings Call

Four Corners Property Trust, Inc. ("FCPT" or the "Company", NYSE: FCPT) today announced that it has entered into agreements to issue $125 million of senior unsecured notes (the "Notes"). The Notes consist of $75.0 million of notes with a ten-year term funding on April 8, 2020 and maturing on April 8, 2030, and priced at a fixed interest rate of 3.20%, and $50.0 million of notes with a nine-year term funding on June 9, 2020 and maturing on June 9, 2029, and priced at a fixed interest rate of 3.15%. In connection with this offering, the Company terminated interest rate swaps entered into previously to hedge the interest rate of this offering at a loss which will be amortized over the life of the Notes and add approximately 0.67% to the all-in annual interest rate expense.