Latest news with #FCPT
Yahoo
2 days ago
- Business
- Yahoo
Four Corners Acquires an Olive Garden Property for $4.1M
Four Corners Property Trust FCPT recently announced the acquisition of an Olive Garden property for $4.1 million. This acquisition highlights the company's expansionary and diversification efforts, which will aid future revenue growth. The property is located in strong retail corridors in North Carolina. The property, under a long-term triple net lease, is corporate-operated. The transaction was priced at a cap rate that was in line with prior FCPT transactions. This real estate investment trust (REIT), mainly engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, has a track record of acquisitions. Last week, FCPT announced the acquisition of the Tires Plus property for $1.7 million and an automotive service property for $5.8 million. In the last week of May 2025, the company acquired the Christian Brothers Automotive property through a sale-leaseback for $4.3 million. For the same period, it also acquired an automotive service property for $5.3 million. The above purchases fall in line with FCPT's strategy of structuring a portfolio that will withstand varied economic cycles. However, the company's expansion may face potential headwinds in an elevated interest-rate environment, which could keep its borrowing costs high. In the past six months, shares of this Zacks Rank #3 (Hold) company have gained 5.1% compared with the industry's increase of 7.2%. Image Source: Zacks Investment Research Some better-ranked stocks from the broader REIT sector are VICI Properties VICI and Medical Properties Trust MPW, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for VICI's 2025 FFO per share has moved one cent northward to $2.34 over the past two months. The Zacks Consensus Estimate for MPW's 2025 FFO per share has remained unchanged at 62 cents over the past two months. Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Medical Properties Trust, Inc. (MPW) : Free Stock Analysis Report Four Corners Property Trust, Inc. (FCPT) : Free Stock Analysis Report VICI Properties Inc. (VICI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
2 days ago
- Automotive
- Business Wire
FCPT Announces Sale Leaseback of a Portfolio of Automotive Service Properties from VIVE Collision for $4.7 Million
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ('FCPT' or the 'Company'), is pleased to announce the acquisition of a portfolio of automotive service properties for $4.7 million from VIVE Collision via sale leaseback. VIVE Collision operates more than 60 locations across nine states in the Northeast, with a focus on advanced repair capabilities, technician development and best-in-class service. The properties are located in strong retail corridors in Maine and Vermont and corporate-operated under long-term, triple net leases with approximately 20 years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at Category: Acquisition
Yahoo
3 days ago
- Business
- Yahoo
FCPT Announces Acquisition of an Olive Garden Property for $4.1 Million
MILL VALLEY, Calif., June 17, 2025--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of an Olive Garden property for $4.1 million. The property is located in a strong retail corridor in North Carolina and corporate-operated under a long-term triple net lease. The transaction was priced at a cap rate in range with previous FCPT transactions. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at Category: Acquisition View source version on Contacts Four Corners Property Trust:Bill Lenehan, 415-965-8031CEO Patrick Wernig, 415-965-8038CFO Sign in to access your portfolio
Business Wire
3 days ago
- Business
- Business Wire
FCPT Announces Acquisition of an Olive Garden Property for $4.1 Million
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ('FCPT' or the 'Company'), is pleased to announce the acquisition of an Olive Garden property for $4.1 million. The property is located in a strong retail corridor in North Carolina and corporate-operated under a long-term triple net lease. The transaction was priced at a cap rate in range with previous FCPT transactions. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at Category: Acquisition
Business Insider
7 days ago
- Business
- Business Insider
Four Corners Property Trust acquires Tires Plus property for $1.7M
Four Corners Property Trust (FCPT) announced the acquisition of a Tires Plus property for $1.7M. The property is located in a highly trafficked corridor in Georgia and corporate-operated under a triple net lease with approximately three years of term remaining. The transaction was priced at a 7.4% cap rate on rent as of the closing date and exclusive of transaction costs. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
