Four Corners Property Trust, Inc. (NYSE: FCPT) announced a 3.5% increase in its monthly cash dividend for the fourth quarter of 2026. The Board of Directors declared a payout of $0.1265 per share, equivalent to an annualized rate of $1.5180 per share.

This adjustment reflects a modest uplift from the previous quarter’s distribution levels. The company continues its practice of declaring monthly dividends for common stock shareholders.

Dividend Schedule

The dividends are payable in cash to shareholders of record as of the close of business on the specified record dates. The payment schedule for the quarter is as follows:

Company Overview

Headquartered in Mill Valley, California, 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 these industries.

Four Corners Property Trust (NYSE: FCPT) has acquired a Cooper's Hawk restaurant property in Michigan for $9.1 million. The transaction adds a corporate-operated asset to the REIT’s portfolio under a long-term lease.

The property is situated in a strong retail corridor and is leased on a triple net basis. The tenant holds ten years of term remaining on the agreement, providing stable income visibility for the trust.

Deal Economics

The acquisition was priced at a 6.6% cap rate on rent as of the closing date. This figure is exclusive of transaction costs, reflecting the initial yield on the investment before fees are deducted.

What the Numbers Show

The 6.6% cap rate indicates the yield required by investors for this specific risk profile, balancing the credit quality of a corporate-operated tenant against the single-tenant concentration risk inherent in net-leased assets.