Four Corners Property Trust (FCPT) Q2 FY26 earnings call

FCPT achieved a record investment volume in Q2 FY26, significantly diversifying its portfolio with strategic acquisitions like Mission Pet Health, while also executing substantial debt refinancings at attractive rates. The company is confident in its stable cash flow, evidenced by a new monthly dividend, but notes that market valuation has yet to fully reflect its growth and capital allocation discipline. The company is actively exploring new subsectors to expand its investment opportunity set.