Four Corners Property Trust Inc
NYSE:FCPT

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Four Corners Property Trust Inc
NYSE:FCPT
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Price: 26.78 USD 1.98%
Market Cap: 2.6B USD

Four Corners Property Trust Inc
Investor Relations

Four Corners Property Trust Inc. (FCPT) is best seen as a purveyor of simplicity in the complex world of real estate investment trusts (REITs). Born from a spinoff in 2015 from Darden Restaurants, the company has firmly positioned itself in the realm of managing high-quality real estate leased to popular restaurant and retail chains. FCPT's model pivots around acquiring properties leased to national and regional brand name tenants. This focus not only provides stability through established tenancy but also capitalizes on the consistent cash flow generated by fixed rental agreements. Their strategy relies on triple-net leases, a crucial component wherein tenants shoulder the burden of property taxes, insurance, and maintenance, leaving the company with a more predictable income stream.

The essence of FCPT's value proposition lies in its ability to leverage these triple-net properties for economic resilience, helping to shield itself from economic downturns and ensuring consistent growth. By dealing primarily with renowned tenants, such as Olive Garden and LongHorn Steakhouse, and carefully selecting properties based on rigorous criteria of location and tenant credit strength, FCPT ensures a reliable and robust portfolio. Their acquisition model is often backed by extensive analysis, embracing locations with strong demographic trends and favorable traffic patterns, which boosts the long-term value of their holdings. This disciplined approach enables Four Corners Property Trust to continually engage in strategic acquisitions that enhance its asset base, thus sewing itself into the fabric of dependable revenue generation through well-tenanted, strategically placed properties.

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Earnings Calls

2024 Q3
Oct 17, 2024
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Blackstone Reports Strong Q3 Results with Growing AUM and Positive Outlook
2024 Q3
Oct 17, 2024

In Q3, Blackstone achieved record management fees of $1.8 billion, an 8% year-over-year increase. Distributable earnings reached $1.3 billion, representing $1.01 per share, up 7%. Total AUM rose to $1.1 trillion, with inflows of $41 billion. Corporate private equity funds enjoyed a 6.2% appreciation, while infrastructure funds appreciated 5.5%. Looking ahead, Blackstone anticipates a material increase in fee-related earnings (FRE) in Q4, driven by several factors including the end of fee holidays for several funds. For 2025, expectations remain positive with continued momentum in fundraising and growth across credit strategies.

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Management

Mr. William Howard Lenehan IV
President, CEO & Director
No Bio Available
Mr. James L. Brat
COO, General Counsel & Secretary
No Bio Available
Mr. Patrick L. Wernig
CFO & Treasurer
No Bio Available
Mr. Joshua C. Zhang
Director of Investments
No Bio Available
Ms. Niccole M. Stewart
Chief Accounting Officer
No Bio Available
Mr. Drake Nylund C.F.A.
Manager of Corporate Finance
No Bio Available
Mr. Park Allen
Vice President of People
No Bio Available
Mr. Warren Smith
Controller of Finance & Reporting
No Bio Available
Ms. Kelly Egli
Controller
No Bio Available
Mr. Steen Lund
Treasury & Tax Analyst
No Bio Available

Contacts

Address
CALIFORNIA
Mill Valley
591 Redwood Highway, Suite 3215
Contacts
+14159658030.0
fcpt.com