---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-421810"
form_type: "8-K"
ticker: "FCPT"
cik: "0001650132"
company_name: "Four Corners Property Trust, Inc."
filed_at: "2026-10-14T21:15:54+00:00"
generated_at: "2026-10-14T21:18:02.717798+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.42
calibrated_materiality_score: 0.42
confidence: "high"
source: SEC EDGAR
---

# FCPT extends 100% of Olive Garden, LongHorn leases maturing 2027; 66 leases renewed ~5 years

## Summary
- FCPT executed a Master Agreement with Darden Restaurants (NYSE:DRI) covering all 66 Olive Garden and LongHorn leases originally expiring October 2027.
- Leases extended by approximately five years; rent continues to increase 1.5% annually in accordance with the underlying leases.
- Agreement also includes early extension options for six leases expiring October 2028, exercised more than two years ahead.
- No landlord rent concessions or capital contributions were included in the transaction.
- CEO Bill Lenehan said it is the first proof of concept for high renewal rates and sustainable rent in the original spin-off portfolio.

## SEC filing metadata
- accession: 0001193125-26-421810
- form_type: 8-K
- ticker: FCPT
- cik: 0001650132
- company_name: Four Corners Property Trust, Inc.
- filed_at: 2026-10-14T21:15:54+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.42
- calibrated_materiality_score: 0.42
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650132/000119312526421810/0001193125-26-421810-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650132/000119312526421810/fcpt-20261014.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-421810
- JSON: https://secwatch.observer/filing/0001193125-26-421810.json
- Plain text: https://secwatch.observer/filing/0001193125-26-421810.txt

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