FCPT posts record $326.3M in acquisitions and authorizes $100M buyback
Four Corners Property Trust reported 13.8% higher quarterly rental revenue, record $326.3M in deals and a $100M share repurchase authorization.
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what happened
Four Corners Property Trust (FCPT) reported that third-quarter rental revenue rose 13.8% to $75.7M, according to TradingView. AFFO per share grew 2.9% to $0.46.
The company closed record acquisitions totaling $326.3M, funded with debt. Its leverage stood at 6.0x.
The board also authorized a $100M share repurchase program, amid changing pricing for acquisitions.
why it matters
Debt-funded deals at 6.0x leverage add to the REIT's debt load, so investors will watch how the company uses the buyback and what prices it pays for new properties. Growth in AFFO per share suggests operating performance is holding up.
tags
instruments
sources
- FCPT: Record $326.3M acquisition quarter; leverage was 6.0x and buybacks were authorized — TradingView, 28 October 2026 at 21:02 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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