Four Corners Property Trust (NYSE: FCPT) has acquired a Drilling Tools International property for $4.7 million, expanding its portfolio of net-leased assets. The transaction was priced at a 7.1% cap rate, including rent credits received at closing and excluding transaction costs. This acquisition strengthens FCPT's presence in the industrial sector with a corporate-operated facility in a strong Louisiana corridor.

Drilling Tools International (NASDAQ: DTI) is a publicly traded oilfield services company that manufactures and rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas wells. The acquired property serves as a drilling equipment manufacturing and rental facility. It is corporate-operated under a long-term, triple net lease with approximately 11 years of term remaining.

Transaction Details

Four Corners Property Trust is a real estate investment trust primarily engaged in the ownership, acquisition, and leasing of restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional real estate to lease on a net basis for use in the restaurant and retail industries.

Four Corners Property Trust (FCPT) will release its financial results for the three and six months ended June 30, 2026, after the market close on Wednesday, July 29, 2026. The real estate investment trust, focused on net-leased restaurant and retail properties, will discuss the results during a conference call and audio webcast with analysts and investors on Thursday, July 30, 2026, at 12:00 p.m. Eastern Time.

Conference Call Details

Investors can access the live webcast (listen only) via the company's dedicated events page. For those preferring to join by phone, domestic participants can dial 1 833 461 5787 (toll-free), while international callers should use 1 585 542 9983. The meeting ID required for access is 641392493.

A replay of the conference call will be available for one year via the webcast link.

About Four Corners Property Trust

Headquartered in Mill Valley, CA, Four Corners Property Trust is a real estate investment trust primarily engaged in the ownership, acquisition, and leasing of restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional real estate to lease on a net basis for use in the restaurant and retail industries.