M&A
confidence high
sentiment positive
materiality 0.75
FCPT closes $268M acquisition of 102 Mission Pet Health veterinary properties
Four Corners Property Trust, Inc.
- Purchase price of $268.0M on initial full-year cash rent of ~$17.37M, inclusive of rent credit.
- All 102 properties are operated by Mission Pet Health; transaction closed July 16, 2026.
- Year-to-date FCPT acquired 139 properties for $364.3M at 6.6% weighted average cap rate.
- Record annual acquisition volume achieved in first seven months of 2026.
- CEO Bill Lenehan highlighted expanded relationship with Mission Pet Health and Shore Capital.