Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Four Corners Property ( (FCPT) ) has shared an announcement.
On January 31, 2025, Four Corners Property Trust, Inc. entered into a Fourth Amended and Restated Revolving Credit and Term Loan Agreement with JPMorgan Chase Bank, N.A. and other lenders. The agreement increases the total facility size to $940 million, including a $350 million revolving credit facility and a new $225 million term loan. This strategic financial move positions FCPT well for future growth, providing new capital to fund investments and ensuring no debt maturities for nearly two years. The company has also entered into interest rate swaps to manage the cost of the additional term loan. This development underscores FCPT’s strong banking relationships and favorable borrowing conditions, highlighting its readiness to capitalize on market opportunities.
More about Four Corners Property
Four Corners Property Trust (FCPT) is a real estate investment trust headquartered in Mill Valley, CA, primarily engaged in the ownership, acquisition, and leasing of restaurant and retail properties. The company aims to expand its portfolio by acquiring additional real estate for net leasing in the restaurant and retail sectors.
YTD Price Performance: 3.21%
Average Trading Volume: 639,537
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.68B
For an in-depth examination of FCPT stock, go to TipRanks’ Stock Analysis page.
