Latest news with #FourCornersPropertyTrust
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
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
Yahoo
25-05-2025
- Automotive
- Yahoo
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 Disclosure: None.
Yahoo
23-05-2025
- Automotive
- Yahoo
FCPT Announces Acquisition via Sale-Leaseback of Four Christian Brothers Automotive Properties for $16.9 Million
MILL VALLEY, Calif., May 23, 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 four Christian Brothers Automotive properties for $16.9 million. The properties are located across Ohio (2), Florida (1), and Nebraska (1). 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. 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
