Here's Why Four Corners Can Keep Raising Its Dividend
Four Corners (NYSE: FCPT) is a relatively young net lease real estate investment trust (REIT) but it does well enough to increase its dividend annually since it was spun off from Darden Restaurants (NYSE: DRI) in late 2015. There's no particular reason to believe that the management game plan used to build that record is about to change or that it won't see similar success in the future.
When Four Corners was spun off from restaurant giant Darden it was basically a way for Darden to create value from its real estate. Four Corners, which uses the net lease approach (tenants are responsible for most property operating expenses), started life with a single lessee across all of its 418 properties. That's a lot of tenant concentration for a REIT and management started almost instantly to deal with the problem.
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Source Fool.com
