FCPT Announces Third Quarter 2026 Financial and Operating Results
Key Highlights
- ➤$326.3 million acquired across 120 properties at 6.6% initial cash yield
- ➤$100 million share repurchase program authorized amid current market conditions
- ➤AFFO per diluted share $0.46, up 2.9% year over year
- ➤Rental revenue $75.7 million, up 13.8% year over year
- ➤Monthly dividend raised 3.5% to $0.1265 per common share
Expert Statements
Bill Lenehan, Chief Executive Officer of Four Corners Property Trust
“We acquired more than $326 million in net lease properties during the quarter. This volume was a record for FCPT and was funded entirely with low-cost debt.”
Bill Lenehan, Chief Executive Officer of Four Corners Property Trust
“This summer, we also successfully refinanced and upsized our credit facility to significantly extend our maturity profile.”
Bill Lenehan, Chief Executive Officer of Four Corners Property Trust
“As expected, we also recently extended 100% of Olive Garden and LongHorn leases maturing in 2027 without landlord concessions.”
Bill Lenehan, Chief Executive Officer of Four Corners Property Trust
“Our portfolio is in great shape, and as we look forward, we remain as focused as ever on accretive capital allocation.”
Bill Lenehan, Chief Executive Officer of Four Corners Property Trust
“As such and given current market conditions, we have announced our inaugural share repurchase program.”
Bill Lenehan, Chief Executive Officer of Four Corners Property Trust
“At the current share price, we view share repurchases as delivering more value than property purchases.”
Bill Lenehan, Chief Executive Officer of Four Corners Property Trust
“That said, we have started to see new acquisitions being priced at higher cap rates.”
Bill Lenehan, Chief Executive Officer of Four Corners Property Trust
“We will continue to modulate our capital allocation decisions to maximize shareholder value creation.”
FCPT Announces Third Quarter 2026 Financial and Operating Results
Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced financial results for the three and nine months ended September 30, 2026.
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