$FCPT (Four Corners Property Trust, Inc.)

$FCPT {{ '2016-03-22T13:57:32+0000' | timeago}} • Announcement

Omnichannel retail company $M said that William H. Lenehan, President and CEO of $FCPT, a restaurant real estate company, has been elected to its Board of Directors, effective April 1, 2016. The election of Mr. Lenehan and Frank Blake in Nov. 2015 increases the size of the $M's board to 15 members.

$FCPT {{ '2018-01-16T13:21:33+0000' | timeago}} • Announcement

$FCPT closed on the purchase of ten restaurant properties today from Washington Prime Group Inc. This is the first of two tranches in the forty-one property acquisition announced in September 2017. Closing of the 31 remaining properties in the second tranche is expected to be completed by the end of 2Q18.

$FCPT {{ '2018-01-11T12:27:09+0000' | timeago}} • Announcement

Real estate investment trust $FCPT acquired two Buffalo Wild Wings restaurant properties leased to World Wide Wings for $6.6MM. The properties are located in Illinois, and are occupied under separate triple-net leases with approx. 14 years of term remaining and a rent escalation of 2% annualized.

$FCPT {{ '2017-12-20T11:52:35+0000' | timeago}} • Announcement

Real estate investment trust $FCPT said it acquire two Burger King restaurants - leased to Cambridge Franchise Holdings - for $3.3MM. The properties are occupied under two new triple-net leases with 20 years of term remaining.

$FCPT {{ '2017-11-27T20:00:28+0000' | timeago}} • Announcement

$FCPT announced the disposition of an Olive Garden restaurant property leased to $DRI for $5.1MM. The property is located in Pinellas Park, Florida, and is occupied under a triple-net lease with approx. 16 years of term remaining. The sale is the result of an unsolicited offer at a cash cap rate of 4.7%, exclusive of transaction costs.

$FCPT {{ '2017-10-03T13:20:41+0000' | timeago}} • Announcement

$FCPT entered into a $650MM credit agreement consisting of a 5-year term loan of $400MM and a 4-year revolving credit facility of $250MM to replace its existing $750MM bank credit facility. $FCPT expects to save at least $1.8MM in annual cash interest expense due to reduced margin pricing and lower unused revolver fees.

$FCPT {{ '2017-09-20T21:42:10+0000' | timeago}} • Announcement

Real estate investment trust $FCPT said it has signed an agreement to acquire 41 restaurant properties from Washington Prime Group for about $67.2MM in cash. The transaction is expected to close in two tranches – the first in 4Q17 and the second in the first half of 2018.

$FCPT {{ '2017-09-15T21:12:40+0000' | timeago}} • Announcement

$FCPT, a real estate investment trust , has acquired a dual-tenant MOD Pizza and Del Taco restaurant property for $2.7MM. The transaction - closed through a sale-leaseback with TEAM Schostak Family Restaurants - was priced at a 7.4% going-in cash cap rate.

$FCPT {{ '2017-09-15T13:54:59+0000' | timeago}} • Announcement

$FCPT's BoD declared a 3Q17 cash dividend of $0.2425 per share. This is equivalent to $0.97 per share per annum. The dividend is payable on Oct. 13, 2017 to stockholders of record as of Sept. 29, 2017.

$FCPT {{ '2017-09-13T21:20:49+0000' | timeago}} • Announcement

$FCPT announced the disposition of an Olive Garden restaurant property leased to $DRI for $5.9MM. The property is located in Fairfax, Virginia, and is occupied under a triple-net lease with approx. 16 years of term remaining. The sale is the result of an unsolicited offer at a cash cap rate of 4.75%, exclusive of transaction costs.

$FCPT {{ '2017-06-30T21:36:25+0000' | timeago}} • Announcement

$FCPT announced the acquisition of seven Burger King properties leased to Cambridge Franchise Holdings for $16MM. The properties are occupied under two separate triple-net master leases with 20-year initial terms and above average brand performance.

$FCPT {{ '2017-06-29T15:14:00+0000' | timeago}} • Announcement

$FCPT's BoD elected Charles Jemley as a director of the company, effective June 28, 2017. Jemley has also been appointed to the Audit Committee. As a result of such appointment, the Board now consists of six directors, five of whom are deemed independent directors. Charles Jemley is a SVP at $SBUX.

$FCPT {{ '2017-06-15T12:17:14+0000' | timeago}} • Announcement

$FCPT's BoD declared a quarterly cash dividend of $0.2425 per share (equivalent to $0.97 per share per annum) for 2Q17. The dividend is payable on July 17, 2017 to stockholders of record as of June 30, 2017.

$FCPT {{ '2017-05-01T19:45:55+0000' | timeago}} • Webcast

$FCPT has acquired 16 Bob Evans Restaurants properties as part of a $35.1MM sale-leaseback transaction. The transaction was completed simultaneously with Golden Gate Capital’s acquisition of Bob Evans Restaurants from $BOBE.

$FCPT {{ '2017-03-15T17:53:25+0000' | timeago}} • Announcement

$FCPT BoD has declared a quarterly cash dividend of $0.24 per share for 1Q17. The dividend is payable on April 17, 2017 to stockholders as on March 31, 2017.

$FCPT {{ '2017-02-17T19:32:48+0000' | timeago}} • Announcement

$FCPT has acquired a McAlister’s Deli property for $2.4MM,  located in Texas. The transaction was priced at a going-in cash cap rate of 6.75%, exclusive of transaction costs.

$FCPT {{ '2017-01-30T11:59:56+0000' | timeago}} • Announcement

$FCPT announced the acquisition of two McAlister’s Deli properties for $4.1MM. Both properties are located in Texas and are occupied under a new triple-net master lease with 15-year term. The transaction was priced at a going-in cash cap rate of 6.75%, exclusive of transaction costs.

$FCPT {{ '2017-01-24T19:45:54+0000' | timeago}} • Announcement

$FCPT has received an investment grade rating from Fitch Ratings. $FCPT has been assigned an inaugural rating of BBB- with a Stable Outlook.

$FCPT {{ '2017-01-13T20:28:51+0000' | timeago}} • Announcement

$FCPT announced acquisition of a Taco Bell property in Columbia, South Carolina for $2.4MM. A portion of the acquisition funding was raised through $FCPT's use of its "At the Market" offering program. The transaction closed at a going-in cash cap rate of 6.5%, exclusive of transaction costs.

$FCPT {{ '2017-01-13T14:09:25+0000' | timeago}} • Announcement

$FCPT announce the acquisition of four restaurant properties consisting of three restaurant concepts for $5.8MM. The restaurants are occupied under triple-net leases with a weighted average 12 years of remaining term, and the transaction closed at an effective going-in cap rate of 6.6%, exclusive of transaction costs.

$FCPT {{ '2016-12-29T12:26:50+0000' | timeago}} • Announcement

$FCPT to acquire four Burger King properties for $7.7MM. This transaction is a follow-on the previous transaction with Cambridge in October.

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