---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-250037"
form_type: "8-K"
ticker: "FCPT"
cik: "0001650132"
company_name: "Four Corners Property Trust, Inc."
filed_at: "2026-06-01T13:20:18+00:00"
generated_at: "2026-06-01T13:21:22.260162+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FCPT signs definitive agreement to acquire up to 102 veterinary properties for $268M

## Summary
- Purchase price up to $268M; initial cash rent ~$17.33M incl. contractual rent increases in Sep 2026.
- Properties are triple-net leased to Mission Pet Health (930+ locations); weighted avg lease term ~10 yrs.
- Expected close early Q3 2026; funded with cash on hand and undrawn revolving credit facility.
- Pro forma, Mission Pet Health would be 3rd largest brand (~6% of cash rent); medical retail exposure rises to ~16%.
- Annual rent escalations avg over 2.0%; EBITDAR coverage avg over 6.0x across the portfolio.

## SEC filing metadata
- accession: 0001193125-26-250037
- form_type: 8-K
- ticker: FCPT
- cik: 0001650132
- company_name: Four Corners Property Trust, Inc.
- filed_at: 2026-06-01T13:20:18+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650132/000119312526250037/0001193125-26-250037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650132/000119312526250037/fcpt-20260529.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-250037
- JSON: https://secwatch.observer/filing/0001193125-26-250037.json
- Plain text: https://secwatch.observer/filing/0001193125-26-250037.txt

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