FCPT Highlights Record Quarterly Investment Volume of $326 Million in Investor Presentation
Bitget2026/10/28 21:24- Four Corners Property Trust invested $326 million in Q3 2026 at a 6.6% cash cap rate, its largest quarterly investment volume.
- AFFO per share rose 2.9% year over year to $0.46.
- Darden renewed all 66 Olive Garden and LongHorn leases expiring in 2027, extending terms approximately five years with 1.5% annual rent increases.
- Renewals required no rent concessions or capital contributions, lifting the portfolio’s weighted average lease term to approximately seven years.
- Net debt to adjusted EBITDAre stood at 6 times; available liquidity totaled $397 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Anthropic "accidentally" leaks IPO documents! Plans to raise $69.3 billion, valuation drops from 2 trillion to 1.3 trillion
Anthropic mistakenly published and then withdrew a prospectus for a planned $69.3 billion fundraising, with its valuation dropping from a peak of $2 trillion to between $1.1 trillion and $1.3 trillion.
Subaru Publishes Transcript of First-Half FYE 2027 Financial Results Presentation
Citi: Occidental Petroleum (OXY.US) Q3 cash flow surpasses expectations, accelerated debt repayment cannot hide concerns over Q4 output
Citi published a research report maintaining Occidental Petroleum's "Neutral" rating, with a target price of $65.
WikiLeaks Founder Julian Assange Welcomes Daughter With Terminator Quote
Crypto prices
More
