Four Corners Property Trust Expands Portfolio with $4.8 Million Acquisition

Four Corners Property Trust (FCPT) has acquired two properties, a BJ's Restaurant and Brewhouse location and a LongHorn Steakhouse property, from Brookfield Properties for $4.8 million. FCPT is a real estate investment trust that specializes in acquiring and leasing restaurant properties. The acquisition is expected to enhance the company's portfolio and provide additional revenue streams.

Four Corners Property Trust (FCPT) has expanded its portfolio by acquiring two high-quality restaurant properties: a BJ's Restaurant and Brewhouse location and a Longhorn Steakhouse property, from Brookfield Properties for $4.8 million. The acquisition was announced on July 25, 2025 [3].

The properties are located in a strong retail corridor in Pennsylvania and are corporate-operated under triple net leases with a blended eight-year term. This transaction was priced at a capitalization rate consistent with previous FCPT transactions, indicating a strategic alignment with the company's investment strategy [3].

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition, and leasing of restaurant and retail properties. The company aims to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries [3].

This acquisition is expected to enhance FCPT's portfolio and provide additional revenue streams, contributing to the company's growth strategy. The properties are part of a broader trend in the real estate market, where investment trusts focus on acquiring high-quality, net-leased properties to generate steady rental income [3].

Separately, First Capital Real Estate Investment Trust (FCR.UN) is expected to show a rise in quarterly revenue when it reports results on July 29 for the period ending June 30, 2025. Analysts anticipate a 4.5% increase in revenue to C$184.161 million from C$176.25 million a year ago, with earnings of 32 cents per share [2]. The current average analyst rating on the shares is "buy," with a median 12-month price target of C$20.00, about 7.2% above its last closing price of C$18.55.

References:
[1] https://www.marketscreener.com/news/fcpt-announces-acquisition-of-bj-s-restaurant-and-brewhouse-property-and-a-longhorn-steakhouse-prope-ce7c5fdbdc80f721
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TM1XT:0-first-capital-real-estate-investment-trust-expected-to-post-a-share-earnings-preview/
[3] https://www.morningstar.com/news/business-wire/20250725310737/fcpt-announces-acquisition-of-a-bjs-restaurant-and-brewhouse-property-and-a-longhorn-steakhouse-property-from-brookfield-properties-for-48-million