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.
FCPT Expands Portfolio With Hawaiian Bros Sale-Leaseback Deal
Read MoreHide Full Article
Key Takeaways
FCPT acquired two Hawaiian Bros properties for $5.9M through a sale-leaseback deal.
The newly built sites sit in strong retail corridors and carry long-term triple-net leases.
Recent buys and portfolio mix show FCPT's diversification amid rising competition for deals.
Four Corners Property Trust (FCPT - Free Report) recently announced the acquisition of two Hawaiian Bros properties through a sale-leaseback for $5.9 million from Stine Enterprises. With more than 60 locations, mostly in Kansas City, Dallas and Phoenix, Hawaiian Bros is a fast casual restaurant chain that serves fresh food plate lunches.
The newly constructed properties are located in the strong retail corridors in Arizona and Texas. Priced at a cap rate in line with previous such transactions, the properties are franchise-operated under long-term, triple-net leases.
FCPT’s Past Acquisitions
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.
Early this month, FCPT acquired three automotive service properties through sale-leaseback for $5.9 million, located in strong retail corridors in Missouri.
In the third quarter of 2025, Four Corners expanded its portfolio by acquiring 28 properties worth $82 million at a 6.8% cap rate. Of the acquired properties, 39% were medical retail, 36% auto service, 16% quick service and 9% casual dining restaurants.
The above highlights FCPT’s diversification efforts, lending stability to its portfolio. However, the company’s expansion may face potential headwinds as there is increasing competition from private equity funds in raising capital for net lease deals. Higher competition can pressure acquisition yields and reduce FCPT’s ability to find attractive deals.
In the past three months, shares of this Zacks Rank #3 (Hold) company have declined 6.3% against the industry's growth of 1.4%.
The Zacks Consensus Estimate for WPC’s 2025 FFO per share has been moved northward by a cent over the past month to $4.92.
The consensus estimate for TRNO’s 2025 FFO per share has been revised upward by 4.6% to $2.71 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
FCPT Expands Portfolio With Hawaiian Bros Sale-Leaseback Deal
Key Takeaways
Four Corners Property Trust (FCPT - Free Report) recently announced the acquisition of two Hawaiian Bros properties through a sale-leaseback for $5.9 million from Stine Enterprises. With more than 60 locations, mostly in Kansas City, Dallas and Phoenix, Hawaiian Bros is a fast casual restaurant chain that serves fresh food plate lunches.
The newly constructed properties are located in the strong retail corridors in Arizona and Texas. Priced at a cap rate in line with previous such transactions, the properties are franchise-operated under long-term, triple-net leases.
FCPT’s Past Acquisitions
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.
Early this month, FCPT acquired three automotive service properties through sale-leaseback for $5.9 million, located in strong retail corridors in Missouri.
In the third quarter of 2025, Four Corners expanded its portfolio by acquiring 28 properties worth $82 million at a 6.8% cap rate. Of the acquired properties, 39% were medical retail, 36% auto service, 16% quick service and 9% casual dining restaurants.
The above highlights FCPT’s diversification efforts, lending stability to its portfolio. However, the company’s expansion may face potential headwinds as there is increasing competition from private equity funds in raising capital for net lease deals. Higher competition can pressure acquisition yields and reduce FCPT’s ability to find attractive deals.
In the past three months, shares of this Zacks Rank #3 (Hold) company have declined 6.3% 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 northward by a cent over the past month to $4.92.
The consensus estimate for TRNO’s 2025 FFO per share has been revised upward by 4.6% to $2.71 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.