Four Corners Property Trust (FCPT) Tops Q3 FFO by 1c

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Four Corners Property Trust (FCPT) Reports Acquisition of 5 Red Lobster Restaurant Properties for $19.4M

November 2, 2017 5:34 PM EDT

Four Corners Property Trust (NYSE: FCPT) is pleased to announce the acquisition of five Red Lobster properties in Ohio (2), Michigan, Pennsylvania and Georgia for $19.4 million. The restaurants are occupied under individual triple-net leases with a weighted average remaining term of 21 years and annual rent... More