Four Corners Property Trust, Inc. 8K

Four Corners Property Trust closed a $268 million acquisition of 102 Mission Pet Health veterinary properties, contributing to a record year-to-date acquisition volume of 139 properties for $364.3 million.

Four Corners Property Trust, Inc. (FCPT) announced that it has closed the acquisition of 102 Mission Pet Health veterinary properties for a purchase price of $268.0 million, based on approximately $17.37 million of next-twelve-months cash rent and inclusive of a rent credit received at closing, as part of a previously announced Mission Pet Health veterinary transaction. With this closing, FCPT has now acquired 139 properties year-to-date for a total investment of $364.3 million (excluding transaction costs) at a weighted average cap rate of 6.6%, surpassing its prior full-year record for acquisition volume within the first seven months of the year. CEO Bill Lenehan highlighted the strategic expansion of FCPT’s relationship with Mission Pet Health and its sponsor Shore Capital Partners, emphasizing the transaction as evidence of the company’s ability to source and execute accretive, scaled acquisition opportunities.

Filing Facts

CIK

1650132

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-306204

Alert Tier

6