• FCPT highlighted a definitive agreement to acquire up to 102 Mission Pet Health properties for up to $268 million.
• Initial cash rent up to $17.33 million; portfolio rent coverage more than 6x; about 10 years of weighted average lease term remaining.
• Funding planned with cash and existing debt capacity; closing not contingent on additional equity capital raising.
• Pro forma for the deal, Darden exposure expected to be about 41% of ABR; Mission Pet Health to become the third-largest brand by cash rent.
• Year-to-date acquisitions projected at $320 million; 17 properties acquired for $52 million at 6.9% cash cap rate, 7.4% GAAP cap rate.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FCPT - Four Corners Property Trust Inc. published the original content used to generate this news brief on June 01, 2026, and is solely responsible for the information contained therein.