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Four Corners Property Trust, Inc. (NYSE:FCPT) Q4 2025 Earnings Call Transcript
Four Corners Property Trust (NYSE:FCPT) held its Q4 2025 earnings call, discussing its tenth anniversary, robust acquisition activity totaling $318 million in 2025 at a 6.8% blended cap rate, and a conservative portfolio strategy. The company highlighted strong rent coverage, diversification efforts into automotive service, medical retail, grocery, and equipment rental, and a well-capitalized balance sheet with low leverage. FCPT also addressed its exposure to Bahama Breeze locations and ongoing efforts to re-tenant or convert them, emphasizing confidence in the real estate quality.