• FCPT is an investment grade rated REIT primarily engaged in the ownership and acquisition of net leased restaurant and retail properties. We currently own 982, well-located properties diversified across 47 states and 121 brands.

  • Our initial real estate portfolio consisted of 418 restaurants spun out in November 2015 from Darden Restaurants (NYSE: DRI), representing principally Olive Garden and LongHorn Steakhouse restaurants. Darden is investment grade and continues to represent 56% of our rental revenue.

  • FCPT’s strategy is to grow and diversify our portfolio through acquisitions and sale leasebacks to quality restaurant and retail operators.

  • 982 Properties

  • 121 Brands

  • 47 States

  • 6.4 Million sq ft

  • Weighted Average Lease Term of 8.6 years

Portfolio Geography

47 States | 982 Properties

Q3 2022 State Map Showing Breakdown of ABR By State

Brand Breakdown

by Annual Base Rent (ABR)

3Q22 Pie chart showing ABR distribution across Olive Garden (42%), Longhorn Steakhouse (12%), Chili's (9%), Other Darden (2%), Other Restaurants (22%), Non-Restaurant Retail (13%)

Kerrow Holdings

We operate seven LongHorn Steakhouse restaurants located in the San Antonio, Texas area through our Kerrow Holdings subsidiary pursuant to franchise agreements with Darden Restaurants. More info

Longhorn Steakhouse Building
Carol Dilts, Vice President Kerrow Holdings

Carol Dilts

Vice President 317.670.7150

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