Latest news with #FCPT
Yahoo
30-05-2025
- Business
- Yahoo
Four Corners Continues its Acquisition Spree to Boost Portfolio
Four Corners Property Trust FCPT announced the acquisition of the Christian Brothers Automotive property through a sale-leaseback for $4.3 million. The property is located in strong retail corridors with high traffic and attractive demographics in Illinois. The property is under a long-term lease guaranteed by the corporate entity. The transaction was priced at a cap rate in line with prior FCPT transactions. The company also acquired an automotive service property for $5.3 million. Leased to a national operator, this newly constructed property is located in a highly trafficked corridor in Arkansas. Priced at a 6.8% cap rate on rent as of the closing date, exclusive of transaction costs, the property is corporate-operated under a long-term, triple-net lease. This will help secure FCPT's long-term cash flows. These acquisitions highlight the company's expansionary and diversification efforts, which will aid future revenue growth. 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. Apart from the above-mentioned Christian Brothers Automotive property acquisition, this week FCPT acquired four Christian Brothers Automotive properties through sale-leaseback for $16.9 million. The company has also acquired the Caliber Collision property for $4.2 million this week. In May 2025, it acquired three Express Oil Change & Tire Engineers properties for $9.5 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. Over the past three months, shares of this Zacks Rank #3 (Hold) company have lost 4.4% compared with the industry's decline of 3.3%. Image Source: Zacks Investment Research Some better-ranked stocks from the broader REIT sector are CareTrust REIT CTRE and Uniti Group UNIT, each currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for CTRE's 2025 FFO per share has moved two cents northward to $1.81 in the past week. The consensus estimate for UNIT's 2025 FFO per share has been revised upward by 4.2% to $1.50 over the past month. 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 CareTrust REIT, Inc. (CTRE) : Free Stock Analysis Report Four Corners Property Trust, Inc. (FCPT) : Free Stock Analysis Report Uniti Group Inc. (UNIT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
FCPT Announces Acquisition via Sale-Leaseback of a Christian Brothers Automotive Property for $4.3 Million
MILL VALLEY, Calif., May 29, 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 via sale-leaseback of a Christian Brothers Automotive property for $4.3 million. The property is located in a strong retail corridor in Illinois with high traffic and attractive demographics. The property is under a long-term lease guaranteed by the corporate entity. 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
Business Wire
29-05-2025
- Automotive
- Business Wire
FCPT Announces Acquisition via Sale-Leaseback of a Christian Brothers Automotive Property for $4.3 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 via sale-leaseback of a Christian Brothers Automotive property for $4.3 million. The property is located in a strong retail corridor in Illinois with high traffic and attractive demographics. The property is under a long-term lease guaranteed by the corporate entity. 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
29-05-2025
- Automotive
- Yahoo
FCPT Announces Acquisition of an Automotive Service Property for $5.3 Million
MILL VALLEY, Calif., May 29, 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 automotive service property leased to a national operator for $5.3 million. The property is newly constructed and located in a highly trafficked corridor in Arkansas and under a corporate long term triple net lease. The transaction was priced at a 6.8% cap rate on rent as of the closing date and exclusive of transaction costs. 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 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
FCPT announces acquisition via sale-leaseback of four properties for $16.9M
Four Corners Property Trust (FCPT) announced the acquisition via sale-leaseback of four Christian Brothers Automotive properties for $16.9M. 'The properties are located across Ohio, Florida, and Nebraska. The sites are in strong retail corridors with high traffic and attractive demographics. The properties are each under a long-term lease guaranteed by the corporate entity. The transaction was priced at a cap rate in range with previous FCPT transactions,' the company stated. 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>> See the top stocks recommended by analysts >> Read More on FCPT: Disclaimer & DisclosureReport an Issue Four Corners Property Trust price target lowered to $30 from $33 at UBS Four Corners Property Trust buys 3 Express Oil Change & Tire Engineers for $9.5M Four Corners Property Trust Reports Strong Q1 2025 Results FCPT Q1 2025 Earnings Call Highlights Robust Growth Four Corners Property Reports Strong Q1 2025 Results Sign in to access your portfolio
