We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Four Corners Diversifies Portfolio, Acquires Patient First Property
Read MoreHide Full Article
Key Takeaways
Four Corners Property Trust bought a Patient First Urgent Care site in Pennsylvania for $6.6M.
The property is corporate-operated under a long-term triple-net lease at a market-aligned cap rate.
FCPT also acquired Bojangles and Burger King sites as part of its expansion strategy this month.
Four Corners Property Trust (FCPT - Free Report) recently announced the acquisition of a Patient First Urgent Care property for $6.6 million. The move highlights the company’s expansionary and diversification efforts, aiding stable revenue generation.
The property is located in a strong retail corridor in Pennsylvania. Priced at a cap rate in line with the company’s previous transactions, the property is corporate-operated under a long-term triple-net lease.
FCPT: In a Snapshot
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. This month, FCPT announced the acquisition of a Bojangles property for $2.2 million. It also acquired four Burger King properties through a sale-leaseback for $8.1 million from Ampler Restaurant Group.
The above purchases fall in line with Four Corners’ strategy of structuring a portfolio that will withstand varied economic cycles. However, the company’s expansion may face potential headwinds in a high-interest-rate environment, which could keep its borrowing costs elevated.
In the past three months, shares of this Zacks Rank #3 (Hold) company have declined 7.1% against the industry's growth of 1.4%.
The Zacks Consensus Estimate for WPC’s 2025 FFO per share has been moved southward over the past month to $4.87.
The consensus estimate for TRNO’s 2025 FFO per share has been revised upward marginally to $2.61 over the past month.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Four Corners Diversifies Portfolio, Acquires Patient First Property
Key Takeaways
Four Corners Property Trust (FCPT - Free Report) recently announced the acquisition of a Patient First Urgent Care property for $6.6 million. The move highlights the company’s expansionary and diversification efforts, aiding stable revenue generation.
The property is located in a strong retail corridor in Pennsylvania. Priced at a cap rate in line with the company’s previous transactions, the property is corporate-operated under a long-term triple-net lease.
FCPT: In a Snapshot
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. This month, FCPT announced the acquisition of a Bojangles property for $2.2 million. It also acquired four Burger King properties through a sale-leaseback for $8.1 million from Ampler Restaurant Group.
The above purchases fall in line with Four Corners’ strategy of structuring a portfolio that will withstand varied economic cycles. However, the company’s expansion may face potential headwinds in a high-interest-rate environment, which could keep its borrowing costs elevated.
In the past three months, shares of this Zacks Rank #3 (Hold) company have declined 7.1% against the industry's growth of 1.4%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader REIT sector are W.P. Carey (WPC - Free Report) and Terreno Realty (TRNO - Free Report) , 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 WPC’s 2025 FFO per share has been moved southward over the past month to $4.87.
The consensus estimate for TRNO’s 2025 FFO per share has been revised upward marginally to $2.61 over the past month.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.