• FCPT is an investment grade rated REIT primarily engaged in the ownership and acquisition of net leased restaurant and retail properties. We currently own 1,106, well-located properties diversified across 47 states and 148 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 52% 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.

  • 1,106 Properties

  • 148 Brands

  • 47 States

  • 7.5 Million sq ft

  • Weighted Average Lease Term of 8.0 years

Portfolio Geography

47 States | 1,106 Properties

Map Showing ABR by State for Q3 2023

Brand Breakdown

by Annual Base Rent (ABR)

Q3 2023 Pie chart showing ABR distribution across Olive Garden (37%), Longhorn Steakhouse (10%), Chili's (8%), Other Darden (4%), Other Restaurants (21%), Other Retail (3%), Auto Service (9%), Medical Retail (7%)

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

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