FCPT acquires Heartland Dental property in Oklahoma for $3.3 million

MILL VALLEY - Four Corners Property Trust (NYSE:FCPT), a REIT with a market capitalization of $2.6 billion and an impressive 85% gross profit margin, has acquired a Heartland Dental property in Oklahoma for $3.3 million, according to a press release statement issued by the company.

The property is situated in what the company describes as a highly trafficked corridor in Oklahoma and operates under a triple net lease with approximately four years remaining on the term. The transaction was priced at a 6.9% capitalization rate, which includes a near-term rent increase and excludes transaction costs. According to InvestingPro data, FCPT maintains strong financial health with a current ratio of 1.72, indicating solid liquidity to support its acquisition strategy.

Four Corners Property Trust is a real estate investment trust that primarily focuses on the ownership and acquisition of net-leased restaurant and retail properties. The company, headquartered in Mill Valley, California, aims to expand its portfolio through acquiring additional real estate for lease on a net basis for use in the restaurant and retail sectors. With a 5.85% dividend yield and a track record of raising dividends for three consecutive years, FCPT offers attractive income potential for investors. InvestingPro subscribers can access detailed analysis and 6 additional key insights about FCPT’s performance and outlook.

The Heartland Dental property acquisition aligns with FCPT’s strategy of investing in high-quality, net-leased properties. The dental facility adds to the company’s portfolio of properties, which has traditionally concentrated on restaurant real estate.

The transaction represents one of several acquisitions the company has made as it works to diversify its real estate holdings beyond its restaurant property focus.

In other recent news, Four Corners Property Trust Inc. (FCPT) reported a notable financial performance for the second quarter of 2025. The company saw a 2.8% year-over-year increase in adjusted funds from operations (AFFO) per share, reaching $0.44. Rental income experienced a significant surge of 11%, totaling $64.5 million. This growth reflects the company’s strategic expansion beyond its traditional focus, venturing into sectors such as automotive and medical retail. These developments highlight FCPT’s efforts to diversify its portfolio. Additionally, the company’s stock showed minor fluctuations, although specific price movements were not the focus of these reports. No analyst upgrades or downgrades were noted in the recent coverage. These updates provide investors with insights into FCPT’s current financial health and strategic direction.

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