Four Corners Property TrustNYSE: FCPT

MILL VALLEY, Calif.--(BUSINESS WIRE)--FCPT Declares Second Quarter 2024 Dividend.

To boost its portfolio with real estate leased to strong credit operators, Four Corners (FCPT) announces another acquisition of MercyOne outpatient clinic property, shelling out $3 million.

MILL VALLEY, Calif.--(BUSINESS WIRE)--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 $3.0 million. As part of the larger Trinity Health network, MercyOne is a non-profit healthcare system which operates more than 420 hospitals, clinics, and other heal.

Four Corners (FCPT) bolsters its external growth strategy with its recent acquisition of a Mercy Health Clinic property for $3.8 million.

MILL VALLEY, Calif.--(BUSINESS WIRE)--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 Mercy Health Clinic property for $3.8 million. Mercy Health is one of the largest health systems in the United States and has been in operation since 1871. The property is located in a strong retail corrido.

MILL VALLEY, Calif.--(BUSINESS WIRE)--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 $1.8 million. The property is located in Florida and is corporate-operated under a new long-term, triple net lease with annual rent bumps. The transaction was pri.

Four Corners (FCPT) moves ahead with smart acquisitions, mitigating risks and fueling steady growth in an ever-changing market.

MILL VALLEY, Calif.--(BUSINESS WIRE)--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 eight Mavis Tire and affiliated operated properties for $20 million via a sale-leaseback. The properties are located across Alabama (2), Georgia (2), Louisiana (1), New Jersey (1), New York (1), and Tennessee.

Four Corners Property Trust saw its stock decrease by 10% in 2024, aligning with the performance of the Vanguard Real Estate Index Fund ETF. The net lease REIT focuses on acquiring and leasing restaurant and food-related properties, boasting a high occupancy rate of 99.8%. In addition, the company has expanded into auto service and medical retail properties, which now make up 17% of its annualized base rent.