Four Corners Property Trust, Inc.
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Four Corners Property Trust, Inc. (FCPT) announced its Q1 revenue reached $78.2 million. The company, a real estate investment trust specializing in restaurant and retail properties, also reported Q1 AFFO of $0.45 per share, meeting FactSet estimates. FCPT actively expanded its portfolio with recent acquisitions including Fogo de Chao and National Veterinary Associates properties.
Four Corners Property Trust (FCPT) has announced the acquisition of a Chili's property for $2.3 million. This acquisition is part of FCPT's strategy to primarily acquire and lease restaurant and retail properties. The company, a real estate investment trust (REIT), continues to expand its portfolio with this latest transaction.
Four Corners Property Trust (FCPT) has acquired a Chili's property in Illinois for $2.3 million. The property operates under a triple net lease with approximately six years remaining and was purchased at a 6.8% cap rate. FCPT is a real estate investment trust focused on ownership and acquisition of net-leased restaurant and retail properties.
