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MILL VALLEY, Calif. - Four Corners Property Trust (NYSE:FCPT), a real estate investment trust (REIT) specializing in net-leased restaurant and retail properties with a market capitalization of $2.8 billion and an attractive 5.2% dividend yield, announced the appointment of Douglas B. Hansen as the new Chair of the Board following his re-election. The transition took place on Sunday, with Hansen succeeding John S. Moody, who did not stand for re-election at the 2025 Annual Meeting of Stockholders and is retiring after a decade of service. According to InvestingPro data, FCPT has demonstrated strong financial health with a "Good" overall score and has consistently raised its dividend for three consecutive years.
Bill Lenehan, the CEO of FCPT, expressed gratitude for Moody’s contributions and leadership, emphasizing confidence in Hansen’s ability to sustain the company’s strong performance. Hansen has been with FCPT since its inception in November 2015 and has served in various capacities, including chairing the Compensation Committee and being a member of the Investment Committee.
With a background in real estate, capital markets, and asset management, Hansen brings a wealth of experience to his new role. He is the founder of Redwood Trust, Inc., a public mortgage REIT, where he served as President until 2008 and has remained a director since 1994. Additionally, Hansen has been the President of Resonant Capital, Inc. since 2009.
FCPT, based in Mill Valley, CA, continues to focus on expanding its portfolio through the acquisition and leasing of additional real estate for the restaurant and retail industries. The company’s strategic moves, including this latest board leadership change, are part of its ongoing efforts to maintain its position in the market. Trading at $27.80 per share, the company has delivered a solid 19.3% return over the past year. For deeper insights into FCPT’s valuation and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US equities. This news is based on a press release statement from Four Corners Property Trust.
In other recent news, Four Corners Property Trust (FCPT) reported its first-quarter earnings for 2025, which showed a slight miss on both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $0.26, falling short of the expected $0.28, while revenue came in at $63.5 million, below the anticipated $66.31 million. Despite these misses, FCPT demonstrated robust operational performance with a 9.1% increase in cash rental income year-over-year and maintained a high portfolio occupancy rate of 99.4%. Additionally, the company closed $70 million in acquisitions at a blended 6.7% cap rate, marking the highest acquisition volume for a first quarter in its history. Analysts did not provide specific upgrades or downgrades, but the company continues to focus on disciplined acquisitions and maintaining strong liquidity. FCPT’s strategy includes preparing for economic uncertainties, although it did not provide specific acquisition volume guidance, which may leave some investors seeking more clarity. The company also highlighted its diversification progress, having grown from 418 properties at inception to 1,236 leases today.
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