MILL VALLEY, Calif.--(BUSINESS WIRE)--
Four Corners Property Trust (NYSE:FCPT) (“FCPT” or the “Company”), a
real estate investment trust (REIT) engaged in the long-term, net
leasing of high-quality restaurant properties, today announced that the
Company has received an investment grade rating from Fitch Ratings
(“Fitch”). FCPT has been assigned an inaugural rating of BBB- with a
Stable Outlook.
“We are very pleased to receive an investment grade rating from Fitch
which reflects the strength of our initial portfolio of Darden
restaurants and the disciplined approach we have taken on diversifying
acquisitions. FCPT was established with low leverage and we are
committed to maintaining a conservative and flexible capital structure.
The Fitch rating is an important step in our efforts to expand our
access to lower cost sources of capital,” said Gerry Morgan, Chief
Financial Officer, FCPT.
About FCPT
Four Corners Property Trust, Inc. is a publicly-traded REIT that owns,
acquires and leases restaurant and other retail properties on a
triple-net basis. Our primary goal is to create long-term shareholder
value through the payment of consistent and growing cash dividends and
the growth of our cash flow and asset base. To achieve this goal, we
intend to pursue a business strategy focused on opportunistic
acquisitions and asset and tenant diversification. Additional
information about FCPT can be found on the website at http://www.FCPT.com/.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170124006113/en/
Four Corners Property Trust, Inc.
Bill Lenehan, 415-965-8031
CEO
Gerry
Morgan, 415-965-8032
CFO
Source: Four Corners Property Trust, Inc.