$FCPT (Four Corners Property Trust, Inc.)

$FCPT {{ '2016-09-07T14:20:50+0000' | timeago}} • Announcement

$FCPT announced acquisition of two Arby's restaurants in Roanoke Rapids and Rocky Mount, North Carolina for $3.5MM. $FCPT funded acquisition with cash on hand. The restaurants are occupied under triple-net lease with about 18 years of remaining term, and transaction closed at going-in cash cap rate of 6.6%, exclusive of transaction costs.

$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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