FCPT Four Corners Property Trust Inc

Four Corners Property Trust (FCPT) recently acquired two net-lease properties, totaling $5.4 million. The acquisition involves a United Rentals property and a Buffalo Wild Wings property, expanding FCPT's portfolio of restaurant and retail properties. This move aligns with FCPT's strategy of owning and leasing such properties under net lease arrangements.

Four Corners Property Trust (FCPT) has acquired a United Rentals property and a Buffalo Wild Wings property for $5.4 million. Both properties are located in high-traffic areas in Alabama and Kentucky, respectively, and are corporate-operated under long-term, net leases with a weighted average of nine years remaining. This transaction was priced at a 6.9% cap rate on rent.

Four Corners Property Trust (FCPT) recently announced acquisitions totaling $11.6 million, including a Tires Plus property in Georgia and four Mission Pet Health properties across Illinois and Wisconsin. These acquisitions, consistent with FCPT's strategy to build a resilient and diversified portfolio, follow previous purchases like a Jiffy Lube property and 28 other properties in Q3 2025, yet the company faces challenges from its substantial debt load.

Four Corners Property Trust (FCPT) recently acquired an Applebee's property for $4.3 million and a National Veterinary Associates property for $4.4 million, demonstrating continued expansionary and diversification efforts. These acquisitions, located in California and Georgia respectively, are expected to be value-accretive for FCPT and align with its strategy of building a resilient portfolio. However, the company's substantial debt load could pose challenges for future growth.

Four Corners Property Trust (FCPT) has seen its share price decline this year despite steady growth in rental income and earnings, suggesting a potential undervaluation for income-focused investors. Analysts estimate a fair value of $28.50, indicating it is currently undervalued at $23.42, driven by a strong balance sheet and capacity for accretive acquisitions. However, its heavy exposure to casual dining and modest rent escalators pose potential risks to future growth.

Four Corners Property Trust (FCPT) has acquired a Crash Champions property in Ohio for $2.6 million, structured as a long-term net lease with a 7.2% capitalization rate. This acquisition aligns with FCPT's strategy to expand its portfolio of net-leased restaurant and retail properties. The company, which offers a 6.25% dividend yield and has raised its dividend for four consecutive years, is currently trading near its 52-week low.