Four Corners Property Trust, Inc. (FCPT) Expands Portfolio with $16.9M Auto Property Deal
Four Corners Property Trust, Inc. (NYSE:FCPT) has announced the acquisition of four Christian Brothers Automotive sites for $16.9 million via a sale-leaseback transaction. The properties are located across Ohio, Florida, and Nebraska and positioned in high-visibility retail corridors with favourable demographic profiles.
A REIT Retail company representative discussing the portfolio growth with a tenant.
The California-based company, Four Corners Property Trust, Inc. (NYSE:FCPT) is a real estate investment trust (REIT), engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties.
The company's newly acquired sites are backed by a long-term lease from Christian Brothers Automotive's corporate parent, which ensures predictable cash flows. The deal was closed at a capitalization rate in line with Four Corners Property Trust, Inc. (NYSE:FCPT)'s historical benchmarks, indicating a consistency in investment discipline amid tightening market conditions.
Four Corners Property Trust, Inc. (NYSE:FCPT) does not issue formal acquisition guidance. However, the trust has previously indicated it remains committed to disciplined growth. The company's Q1 2025 earnings call has expressed concerns regarding the sustainability of high acquisition volumes because of elevated competition alongside strict quality filters.
Even so, with a portfolio now exceeding 1,000 properties, Four Corners Property Trust, Inc. (NYSE:FCPT) continues to establish a strong footprint across high-demand U.S. retail sectors. From an equity standpoint, UBS analyst Michael Goldsmith reaffirmed a Buy rating for the company a few days before the acquisition, although lowering the price target to $30 from $33.
While we acknowledge the potential of FCPT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FCPT and that has 100x upside potential, check out our report about the
READ NEXT: 10 Unstoppable Dividend Stocks to Buy Now and 11 Oversold Global Stocks to Buy According to Hedge Funds
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