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MILL VALLEY - Four Corners Property Trust (NYSE:FCPT), a REIT with a solid 5.6% dividend yield and three consecutive years of dividend increases, announced Wednesday the acquisition of four Burger King properties from Ampler Restaurant Group for $8.1 million through a sale-leaseback arrangement.
The newly constructed properties are located in retail corridors across Ohio, Kentucky, and Virginia. They are operated by franchisees under triple-net leases with a weighted average of 19 years remaining on the terms.
According to the company’s press release, the transaction was priced at a 6.8% capitalization rate on rent as of the closing date, excluding transaction costs.
FCPT is a real estate investment trust that focuses on owning, acquiring, and leasing properties for use in the restaurant and retail industries. The company primarily deals with high-quality, net-leased properties.
The Mill Valley, California-based REIT continues its portfolio expansion strategy of acquiring additional real estate for leasing on a net basis within its target sectors.
In other recent news, Four Corners Property Trust Inc (FCPT) released its second-quarter earnings for 2025, demonstrating a stable performance with earnings per share aligning with forecasts at $0.28. Despite meeting EPS expectations, FCPT’s revenue did not meet projections, reporting $64.8 million compared to the anticipated $73.26 million. This revenue shortfall is a significant development for investors monitoring the company’s financial health. The earnings release did not prompt any upgrades or downgrades from analysts. These recent developments indicate a mixed financial performance for FCPT, with steady earnings but a notable revenue miss.
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