FCPT highlights record quarterly investment volume of $326 million in investor presentation
FCPT•Four Corners Property Trust invested $326 million in Q3 2026 at a 6.6% cash cap rate, its largest quarterly volume. AFFO per share rose 2.9% year over year to $0.46, and Darden renewed 66 leases expiring in 2027.
1. Investment and renewals
Four Corners Property Trust invested $326 million in Q3 2026 at a 6.6% cash cap rate, its largest quarterly investment volume. AFFO per share rose 2.9% year over year to $0.46. Darden renewed all 66 Olive Garden and LongHorn leases expiring in 2027, extending terms approximately five years with 1.5% annual rent increases and no rent concessions or capital contributions. The renewals lifted the portfolio’s weighted average lease term to approximately seven years; net debt to adjusted EBITDAre was 6 times, and available liquidity totaled $397 million.
