FCPT Secures Investment Grade Issuer Rating From Fitch Ratings

MILL VALLEY, Calif.--(BUSINESS WIRE)-- Four Corners Property Trust (NYSE: FCPT) (“FCPT” or the “Company”), a real estate investment trust (REIT) engaged in the long-term, net leasing of high-quality restaurant properties, today announced that the Company has received an investment grade rating from Fitch Ratings (“Fitch”). FCPT has been assigned an inaugural rating of BBB- with a Stable Outlook.

“We are very pleased to receive an investment grade rating from Fitch which reflects the strength of our initial portfolio of Darden restaurants and the disciplined approach we have taken on diversifying acquisitions. FCPT was established with low leverage and we are committed to maintaining a conservative and flexible capital structure. The Fitch rating is an important step in our efforts to expand our access to lower cost sources of capital,” said Gerry Morgan, Chief Financial Officer, FCPT.

About FCPT

Four Corners Property Trust, Inc. is a publicly-traded REIT that owns, acquires and leases restaurant and other retail properties on a triple-net basis. Our primary goal is to create long-term shareholder value through the payment of consistent and growing cash dividends and the growth of our cash flow and asset base. To achieve this goal, we intend to pursue a business strategy focused on opportunistic acquisitions and asset and tenant diversification. Additional information about FCPT can be found on the website at http://www.FCPT.com/.

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Four Corners Property Trust, Inc.
Bill Lenehan, 415-965-8031
CEO
Gerry Morgan, 415-965-8032
CFO

Source: Four Corners Property Trust, Inc.

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