FCPT Announces Acquisition Of A BluePearl Pet Hospital Property For $1.9M

5/31/24 4:05:40 PM ET

Real Estate Investment Trusts

Real Estate

Get the next $FCPT alert in real time by email

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 BluePearl Pet Hospital property for $1.9 million. The property is located in a highly trafficked corridor in Michigan and is corporate-operated under a net lease with approximately nine years of term remaining. The transaction was priced at a 7.9% cap rate, exclusive of transaction costs.

Get the next $FCPT alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$FCPT

Date	Price Target	Rating	Analyst
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

More analyst ratings

$FCPT
Press Releases

Fastest customizable press release news feed in the world

FCPT Announces Acquisition of a Raising Cane's Property, a Dollar General Property, and a Jiffy Lube Property for $6.6 Million
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 Raising Cane's property, a Dollar General property, and a Jiffy Lube property for $6.6 million. The properties are located in strong retail corridors in Texas and Florida under long term, triple net leases with a weighted average of 8 years of term remaining. The Raising Cane's and Dollar General properties are corporate-operated and the Jiffy Lube is franchisee-operated. The transaction was priced at a 7.3% cap rate on rent as of the closi
11/19/24 6:09:00 PM ET
$FCPT
Real Estate Investment Trusts
Real Estate
FCPT Declares Fourth Quarter 2024 Dividend
Four Corners Property Trust, Inc. (NYSE:FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3550 per share (equivalent to $1.42 per share per annum) for the fourth quarter of 2024. This represents a 2.9% increase from the prior quarter. The dividend is payable on January 15, 2025, to shareholders of record as of December 31, 2024. 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 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 in
11/11/24 5:51:00 PM ET
$FCPT
Real Estate Investment Trusts
Real Estate
FCPT Announces Acquisition of a Miller's Ale House Property for $3.8 Million
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 Miller's Ale House property for $3.8 million. The property is located in a strong retail corridor in Georgia and is corporate-operated under a long term, net lease with approximately 11 years of term remaining. The transaction was priced at a 7.2% 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 ownershi
11/1/24 5:36:00 PM ET
$FCPT
Real Estate Investment Trusts
Real Estate

$FCPT
Financials

Live finance-specific insights

FCPT Announces Acquisition of a Raising Cane's Property, a Dollar General Property, and a Jiffy Lube Property for $6.6 Million
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 Raising Cane's property, a Dollar General property, and a Jiffy Lube property for $6.6 million. The properties are located in strong retail corridors in Texas and Florida under long term, triple net leases with a weighted average of 8 years of term remaining. The Raising Cane's and Dollar General properties are corporate-operated and the Jiffy Lube is franchisee-operated. The transaction was priced at a 7.3% cap rate on rent as of the closi
11/19/24 6:09:00 PM ET
$FCPT
Real Estate Investment Trusts
Real Estate
FCPT Declares Fourth Quarter 2024 Dividend
Four Corners Property Trust, Inc. (NYSE:FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3550 per share (equivalent to $1.42 per share per annum) for the fourth quarter of 2024. This represents a 2.9% increase from the prior quarter. The dividend is payable on January 15, 2025, to shareholders of record as of December 31, 2024. 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 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 in
11/11/24 5:51:00 PM ET
$FCPT
Real Estate Investment Trusts
Real Estate
FCPT Announces Acquisition of a Miller's Ale House Property for $3.8 Million
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 Miller's Ale House property for $3.8 million. The property is located in a strong retail corridor in Georgia and is corporate-operated under a long term, net lease with approximately 11 years of term remaining. The transaction was priced at a 7.2% 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 ownershi
11/1/24 5:36:00 PM ET
$FCPT
Real Estate Investment Trusts
Real Estate

First Watch Restaurant Group, Inc. Announces Appointment of Charles Jemley and Michael Fleisher to Board of Directors
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
8/22/24 4:34:15 PM ET
$FCPT
$FWRG
$SQSP
Real Estate Investment Trusts
Real Estate
Restaurants
Consumer Discretionary
FCPT Announces CFO Transition; Gerry Morgan to Retire as CFO and Patrick Wernig Named as Successor
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
3/7/24 4:05:00 PM ET
$FCPT
Real Estate Investment Trusts
Real Estate
FCPT Appoints Barbara Jesuele to the Board of Directors
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
3/10/23 4:05:00 PM ET
$FCPT
Real Estate Investment Trusts
Real Estate

FCPT Announces Acquisition Of A BluePearl Pet Hospital Property For $1.9M

Chat with this insight

Recent Analyst Ratings for $FCPT

$FCPT Market Insights

Live Market Insights

Four Corners Property Trust Reveals Acquisition Of A Buffalo Wild Wings Property For $2.5M

JMP Securities Initiates Coverage On Four Corners Prop with Market Perform Rating

FCPT Acquires A MercyOne Outpatient Clinic Property For $3M

$FCPT Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Financial Officer Wernig Patrick L. acquired 839 shares, increasing direct ownership by 0.71% to 118,387 units (SEC Form 4)

Chief Accounting Officer Stewart Niccole acquired 213 shares, increasing direct ownership by 0.60% to 35,688 units (SEC Form 4)

Chief Operations Officer Brat James L acquired 674 shares, increasing direct ownership by 0.57% to 118,187 units (SEC Form 4)

$FCPT Press Releases

Fastest customizable press release news feed in the world

FCPT Announces Acquisition of a Raising Cane's Property, a Dollar General Property, and a Jiffy Lube Property for $6.6 Million

FCPT Declares Fourth Quarter 2024 Dividend

FCPT Announces Acquisition of a Miller's Ale House Property for $3.8 Million

$FCPT SEC Filings

SEC Form 10-Q filed by Four Corners Property Trust Inc.

Four Corners Property Trust Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

Four Corners Property Trust Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

$FCPT Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

UBS initiated coverage on Four Corners Property Trust with a new price target

JMP Securities initiated coverage on Four Corners Property Trust

Wells Fargo initiated coverage on Four Corners Property Trust with a new price target

$FCPT Financials

Live finance-specific insights

FCPT Announces Acquisition of a Raising Cane's Property, a Dollar General Property, and a Jiffy Lube Property for $6.6 Million

FCPT Declares Fourth Quarter 2024 Dividend

FCPT Announces Acquisition of a Miller's Ale House Property for $3.8 Million

$FCPT Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

President and CEO Lenehan William H bought $149,832 worth of shares (6,230 units at $24.05), increasing direct ownership by 1% to 620,394 units (SEC Form 4)

Hansen Douglas B bought $107,613 worth of shares (4,950 units at $21.74) (SEC Form 4)

Lenehan William H bought $198,450 worth of shares (9,000 units at $22.05), increasing direct ownership by 2% to 568,443 units (SEC Form 4)

$FCPT Large Ownership Changes

This live feed shows all institutional transactions in real time.

$FCPT Leadership Updates

Live Leadership Updates

Amendment: SEC Form SC 13G/A filed by Four Corners Property Trust Inc.

SEC Form SC 13G/A filed by Four Corners Property Trust Inc. (Amendment)

SEC Form SC 13G/A filed by Four Corners Property Trust Inc. (Amendment)

First Watch Restaurant Group, Inc. Announces Appointment of Charles Jemley and Michael Fleisher to Board of Directors

FCPT Announces CFO Transition; Gerry Morgan to Retire as CFO and Patrick Wernig Named as Successor

FCPT Appoints Barbara Jesuele to the Board of Directors

Recent Analyst Ratings for
$FCPT

$FCPT
Market Insights

$FCPT
Insider Trading

$FCPT
Press Releases

$FCPT
SEC Filings

$FCPT
Analyst Ratings

$FCPT
Financials

$FCPT
Insider Purchases

$FCPT
Large Ownership Changes

$FCPT
Leadership Updates