Four Corners Property Trust Announces $100 Million Share Repurchase Program
Four Corners Property Trust (FCPT) has announced a new $100 million share repurchase plan following a period of strong performance. CEO William Lenehan characterized 2026 as a 'banner year' for the company, driven by significant acquisition activity and favorable investment spreads. The trust reported record-breaking acquisition volume for the year to date, totaling $410 million. These properties were acquired at a blended cash yield of 6.6%, signaling robust deployment of capital despite shifting market conditions.
Tickers: $FCPT
Topics: acquisitions earnings call real estate investment trust