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.
IPO Year: 2015
Exchange: NYSE
Website: fcpt.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/17/2024 | $31.00 | Equal Weight | Barclays |
| 11/14/2024 | $33.00 | Buy | UBS |
| 7/8/2024 | Mkt Perform | JMP Securities | |
| 9/21/2023 | $28.00 | Overweight | Wells Fargo |
| 11/21/2022 | $28.00 | Outperform → In-line | Evercore ISI |
| 9/13/2022 | $31.00 | Outperform | Evercore ISI |
| 8/2/2022 | $31.00 → $30.00 | Buy → Hold | Berenberg |
| 8/1/2022 | $30.00 | Buy → Neutral | Janney |
| 6/23/2022 | $26.00 | Neutral | Credit Suisse |
| 10/28/2021 | $30.00 → $32.00 | Outperform | Raymond James |
4 - Four Corners Property Trust, Inc. (0001650132) (Issuer)
4 - Four Corners Property Trust, Inc. (0001650132) (Issuer)
4 - Four Corners Property Trust, Inc. (0001650132) (Issuer)
4 - Four Corners Property Trust, Inc. (0001650132) (Issuer)
4 - Four Corners Property Trust, Inc. (0001650132) (Issuer)
4 - Four Corners Property Trust, Inc. (0001650132) (Issuer)
4 - Four Corners Property Trust, Inc. (0001650132) (Issuer)
4 - Four Corners Property Trust, Inc. (0001650132) (Issuer)
4 - Four Corners Property Trust, Inc. (0001650132) (Issuer)
4 - Four Corners Property Trust, Inc. (0001650132) (Issuer)
4 - Four Corners Property Trust, Inc. (0001650132) (Issuer)
4 - Four Corners Property Trust, Inc. (0001650132) (Issuer)
4 - Four Corners Property Trust, Inc. (0001650132) (Issuer)
BRADENTON, Fla., Aug. 22, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ:FWRG) ("First Watch" or the "Company"), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the appointment of Charles Jemley to its Board of Directors and as Chair of the Audit Committee effective immediately and the appointment of Michael Fleisher to its Board of Directors effective November 1, 2024. "We are pleased to welcome Charley and Michael to our Board of Directors, and we look forward to leaning on their extensive financial management expertise as we continue to scale the First Watch brand," said Ralph Alvarez, Chairman of the Board of Directors of Fi
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), announced today that it plans to promote Patrick Wernig, Managing Director of Acquisitions, to Chief Financial Officer subject to his appointment by the Board of Directors (the "Board"). Mr. Wernig, following a transitional period and subject to his appointment by the Board, will succeed Gerry Morgan as Chief Financial Officer subsequent to the release of the Company's financial results for the quarter ending March 31, 2024. Mr. Morgan will retire effective May 3, 2024, and assume an interim advis
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), announced today that Barbara Jesuele has been appointed to the Company's Board of Directors (the "Board"), effective March 9, 2023. Bill Lenehan, CEO of FCPT, said, "I couldn't be more excited to have Barbara join our Board. She brings a fresh perspective on real estate investment at a pivotal time in FCPT's growth. I look forward to working with her for many years to come." Barbara Jesuele serves as the Deputy Chief Investment Officer at J. Paul Getty Trust ("Getty"). She has worked at Getty for
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Conference Call and Webcast Scheduled for Thursday, February 13, 2025 at 11:00 a.m. Eastern Time Four Corners Property Trust (NYSE:FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), announced today that it will release financial results for the three and twelve months ended December 31, 2024, after the market close on Wednesday, February 12, 2025. A conference call and audio webcast with analysts and investors will be held on Thursday, February 13 at 11:00 a.m. Eastern Time, to discuss the results. Details for the call are listed below. Fourth Quarter Conf
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a Burger King property for $1.7 million. The property is located in a strong retail corridor in Virginia and under a corporate long-term, triple net lease with approximately 13 years of term remaining. The transaction was priced at a 7.0% cap rate on rent as of the closing date and exclusive of transaction costs. Including today's acquisition, FCPT completed real estate acquisitions of 87 properties in 2024 for a total investment of approxi
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a portfolio of automotive service properties for $12 million from a national operator via sale-leaseback. The properties are located in strong retail corridors across multiple states. The sites are under long-term, triple net leases. The transaction was priced at a cap rate in range with previous FCPT transactions. Our tenant has requested confidentiality around disclosure of the brand name. About FCPT FCPT, headquartered in Mill Valley,
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a National Veterinary Associates property for $3.5 million. The property is located in Connecticut and is corporate-operated under a new long-term, triple net lease with annual rent bumps. The transaction was priced at a cap rate in range with previous FCPT transactions. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of nine American Family Care properties for $21.2 million. American Family Care is an urgent care, family care, and primary care operator with 384 clinics across 33 states, known for its patient-first approach to providing high-quality healthcare services. The properties are located in strong retail corridors in Alabama (7) and Tennessee (2) and are corporate-operated under long term, triple net leases with approximately 14 years of term remaini
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of two Riverview Health outpatient primary care properties for $13.5 million via sale leaseback. Riverview Health is a non-profit health system that is owned by Hamilton County (Indiana) and is comprised of two hospitals and many additional freestanding immediate care, primary care, and specialty care facilities. The properties are located in highly trafficked corridors in Indiana and are under long term, triple net leases with a weighted averag
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a MercyOne outpatient clinic property for $2.8 million. The property is located in a strong retail corridor in Iowa and is under a triple net lease with approximately five years of term remaining. The transaction was priced at a 7.8% cap rate on rent as of the closing date and exclusive of transaction costs. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a P.F. Chang's property for $4.8 million. P.F. Chang's China Bistro is an American-based, casual dining restaurant chain with over 200 locations across the United States, serving Asian fusion cuisine. The property is located in a highly trafficked, strong retail corridor in Illinois and under a corporate triple net lease with approximately 5 years of term remaining. The transaction was priced at a 7.4% cap rate on rent as of the closing date
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a City Barbeque property for $2.6 million. City Barbeque is a 25-year-old fast casual barbeque concept with approximately 75 units primarily serving the Southeast and Midwest. The property is newly constructed and located in a highly trafficked corridor in Georgia. The property is under a long-term, triple net corporate lease with approximately 11 years of term remaining. The transaction was priced at a cap rate in range with previous FCPT tr
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a Panera Bread property for $2.0 million. The property is located in a strong retail corridor in Indiana and corporate-operated under a triple net lease with approximately four years of term remaining. The transaction was priced at a 6.8% cap rate on rent as of the closing date and exclusive of transaction costs. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquis
Conference Call and Webcast Scheduled for Thursday, February 13, 2025 at 11:00 a.m. Eastern Time Four Corners Property Trust (NYSE:FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), announced today that it will release financial results for the three and twelve months ended December 31, 2024, after the market close on Wednesday, February 12, 2025. A conference call and audio webcast with analysts and investors will be held on Thursday, February 13 at 11:00 a.m. Eastern Time, to discuss the results. Details for the call are listed below. Fourth Quarter Conf
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a Burger King property for $1.7 million. The property is located in a strong retail corridor in Virginia and under a corporate long-term, triple net lease with approximately 13 years of term remaining. The transaction was priced at a 7.0% cap rate on rent as of the closing date and exclusive of transaction costs. Including today's acquisition, FCPT completed real estate acquisitions of 87 properties in 2024 for a total investment of approxi
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a portfolio of automotive service properties for $12 million from a national operator via sale-leaseback. The properties are located in strong retail corridors across multiple states. The sites are under long-term, triple net leases. The transaction was priced at a cap rate in range with previous FCPT transactions. Our tenant has requested confidentiality around disclosure of the brand name. About FCPT FCPT, headquartered in Mill Valley,
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition via sale-leaseback of six Christian Brothers Automotive properties for $24.8 million. The properties are located across Georgia (2), Indiana (2), Florida (1), and Illinois (1). The sites are in strong retail corridors with high traffic and attractive demographics. The properties are each under a long-term lease guaranteed by the corporate entity. The transaction was priced at a cap rate in range with previous FCPT transactions. About FCPT FC
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a National Veterinary Associates property for $3.5 million. The property is located in Connecticut and is corporate-operated under a new long-term, triple net lease with annual rent bumps. The transaction was priced at a cap rate in range with previous FCPT transactions. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of nine American Family Care properties for $21.2 million. American Family Care is an urgent care, family care, and primary care operator with 384 clinics across 33 states, known for its patient-first approach to providing high-quality healthcare services. The properties are located in strong retail corridors in Alabama (7) and Tennessee (2) and are corporate-operated under long term, triple net leases with approximately 14 years of term remaini
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of two Riverview Health outpatient primary care properties for $13.5 million via sale leaseback. Riverview Health is a non-profit health system that is owned by Hamilton County (Indiana) and is comprised of two hospitals and many additional freestanding immediate care, primary care, and specialty care facilities. The properties are located in highly trafficked corridors in Indiana and are under long term, triple net leases with a weighted averag
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a MercyOne outpatient clinic property for $2.8 million. The property is located in a strong retail corridor in Iowa and is under a triple net lease with approximately five years of term remaining. The transaction was priced at a 7.8% cap rate on rent as of the closing date and exclusive of transaction costs. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a P.F. Chang's property for $4.8 million. P.F. Chang's China Bistro is an American-based, casual dining restaurant chain with over 200 locations across the United States, serving Asian fusion cuisine. The property is located in a highly trafficked, strong retail corridor in Illinois and under a corporate triple net lease with approximately 5 years of term remaining. The transaction was priced at a 7.4% cap rate on rent as of the closing date
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a City Barbeque property for $2.6 million. City Barbeque is a 25-year-old fast casual barbeque concept with approximately 75 units primarily serving the Southeast and Midwest. The property is newly constructed and located in a highly trafficked corridor in Georgia. The property is under a long-term, triple net corporate lease with approximately 11 years of term remaining. The transaction was priced at a cap rate in range with previous FCPT tr
Barclays initiated coverage of Four Corners Property Trust with a rating of Equal Weight and set a new price target of $31.00
UBS initiated coverage of Four Corners Property Trust with a rating of Buy and set a new price target of $33.00
JMP Securities initiated coverage of Four Corners Property Trust with a rating of Mkt Perform
Wells Fargo initiated coverage of Four Corners Property Trust with a rating of Overweight and set a new price target of $28.00
Evercore ISI downgraded Four Corners Property Trust from Outperform to In-line and set a new price target of $28.00
Evercore ISI resumed coverage of Four Corners Property Trust with a rating of Outperform and set a new price target of $31.00
Berenberg downgraded Four Corners Property Trust from Buy to Hold and set a new price target of $30.00 from $31.00 previously
Janney downgraded Four Corners Property Trust from Buy to Neutral and set a new price target of $30.00
Credit Suisse initiated coverage of Four Corners Property Trust with a rating of Neutral and set a new price target of $26.00
Raymond James reiterated coverage of Four Corners Property with a rating of Outperform and set a new price target of $32.00 from $30.00 previously
10-Q - Four Corners Property Trust, Inc. (0001650132) (Filer)
8-K - Four Corners Property Trust, Inc. (0001650132) (Filer)
8-K - Four Corners Property Trust, Inc. (0001650132) (Filer)
8-K - Four Corners Property Trust, Inc. (0001650132) (Filer)
424B5 - Four Corners Property Trust, Inc. (0001650132) (Filer)
8-K - Four Corners Property Trust, Inc. (0001650132) (Filer)
10-Q - Four Corners Property Trust, Inc. (0001650132) (Filer)
8-K - Four Corners Property Trust, Inc. (0001650132) (Filer)
144 - Four Corners Property Trust, Inc. (0001650132) (Subject)
8-K - Four Corners Property Trust, Inc. (0001650132) (Filer)