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Four Corners Expands Portfolio With Multiple Property Acquisitions
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Key Takeaways
FCPT acquired five properties for $11.6M, including a Tires Plus site and four pet health locations.
The Mission Pet Health assets were priced at a 6.9% cap rate with about 11 years of lease term remaining.
FCPT continues diversifying its portfolio, though a $1.21B debt load may keep borrowing costs elevated.
Four Corners Property Trust (FCPT - Free Report) recently announced multiple acquisitions aggregating $11.6 million. The move underscores the company’s efforts to expand and diversify its portfolio.
The company bought out a Tires Plus property in the strong retail corridor in Georgia for $2.3 million. Priced at a cap rate in line with the previous transactions, the property is corporate-operated under a long-term triple-net lease.
FCPT also acquired four Mission Pet Health properties for $9.3 million, three located in strong retail corridors in Illinois and one in Wisconsin. Priced at a 6.9% cap rate on rent as of the closing date and excluding the transaction costs, the properties are corporate-operated under long-term net leases with a weighted average of 11 years of term remaining.
More on FCPT
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.
In December, FCPT acquired a newly constructed Jiffy Lube automotive property for $2.7 million. The property is located in a strong retail corridor in Colorado and is corporate-operated under a long-term triple-net lease with approximately 12 years of term remaining.
In the third quarter of 2025, FCPT acquired 28 properties totaling $82 million, with a weighted-average remaining lease term of 11.6 years. The acquired properties belonged to diverse industries, boosting stability in revenue generation. 39% were medical, 36% auto service, 16% quick service restaurants and 9% casual dining restaurants by purchase price.
The above purchases fall in line with Four Corners’ strategy of structuring a resilient portfolio that will withstand varied economic cycles. However, the company’s growth plans could encounter challenges due to its sizable $1.21 billion debt load, which may continue to keep borrowing costs high.
In the past three months, shares of this Zacks Rank #4 (Sell) company have declined 9.7% compared with the industry's fall of 0.2%.
Image: Bigstock
Four Corners Expands Portfolio With Multiple Property Acquisitions
Key Takeaways
Four Corners Property Trust (FCPT - Free Report) recently announced multiple acquisitions aggregating $11.6 million. The move underscores the company’s efforts to expand and diversify its portfolio.
The company bought out a Tires Plus property in the strong retail corridor in Georgia for $2.3 million. Priced at a cap rate in line with the previous transactions, the property is corporate-operated under a long-term triple-net lease.
FCPT also acquired four Mission Pet Health properties for $9.3 million, three located in strong retail corridors in Illinois and one in Wisconsin. Priced at a 6.9% cap rate on rent as of the closing date and excluding the transaction costs, the properties are corporate-operated under long-term net leases with a weighted average of 11 years of term remaining.
More on FCPT
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.
In December, FCPT acquired a newly constructed Jiffy Lube automotive property for $2.7 million. The property is located in a strong retail corridor in Colorado and is corporate-operated under a long-term triple-net lease with approximately 12 years of term remaining.
In the third quarter of 2025, FCPT acquired 28 properties totaling $82 million, with a weighted-average remaining lease term of 11.6 years. The acquired properties belonged to diverse industries, boosting stability in revenue generation. 39% were medical, 36% auto service, 16% quick service restaurants and 9% casual dining restaurants by purchase price.
The above purchases fall in line with Four Corners’ strategy of structuring a resilient portfolio that will withstand varied economic cycles. However, the company’s growth plans could encounter challenges due to its sizable $1.21 billion debt load, which may continue to keep borrowing costs high.
In the past three months, shares of this Zacks Rank #4 (Sell) company have declined 9.7% compared with the industry's fall of 0.2%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader REIT sector are Cousins Properties (CUZ - Free Report) and Digital Realty Trust (DLR - Free Report) , each carrying a Zacks Rank of 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 Cousins Properties’ 2025 FFO per share is pegged at $2.84, which indicates year-over-year growth of 5.6%.
The Zacks Consensus Estimate for DLR’s full-year FFO per share stands at $7.35, which calls for an increase of 9.5% from the year-ago period.
Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs.