---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-100657"
form_type: "8-K"
ticker: "FCPT"
cik: "0001650132"
company_name: "Four Corners Property Trust, Inc."
filed_at: "2024-08-27T23:59:59+00:00"
generated_at: "2026-05-31T07:24:55.238136+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FCPT buys $66.4M Bloomin' portfolio, raises $148M equity via ATM, Darden now <50% of rent

## Summary
- Acquired 20 Outback and Carrabba's restaurants from Bloomin' Brands for $66.4M; cap rate accretive on day one.
- Raised ~$148M equity via ATM in Q3-to-date ($156M YTD); ~$41M available for forward settlement, leverage at 5.3x.
- Fully paid down revolver, $250M undrawn; no debt maturities until Nov 2025.
- Darden now under 50% of base rent; Olive Garden down to 35% from 74% at inception.
- 2024 YTD acquisitions $132M at 7.2% cap rate; portfolio ABR $228.7M across 1,176 leases.

## SEC filing metadata
- accession: 0000950170-24-100657
- form_type: 8-K
- ticker: FCPT
- cik: 0001650132
- company_name: Four Corners Property Trust, Inc.
- filed_at: 2024-08-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650132/000095017024100657/0000950170-24-100657-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650132/000095017024100657/fcpt-20240826.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-100657
- JSON: https://secwatch.observer/filing/0000950170-24-100657.json
- Plain text: https://secwatch.observer/filing/0000950170-24-100657.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.