Four Corners Property Trust Acquires New Asset
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: Businesswire
- Acquisition Deal: Four Corners Property Trust has acquired a GreatWater 360 Auto Care property for $2.3 million via a sale-leaseback arrangement, demonstrating the company's ongoing expansion in high-quality net-leased properties.
- Lease Terms: The property is corporate-operated under a long-term triple net lease, ensuring stable cash flow and returns, which further enhances the quality of FCPT's investment portfolio.
- Market Positioning: Located in a highly trafficked corridor in Minnesota, this property highlights FCPT's focus on location and potential customer traffic when selecting properties to maximize future leasing revenues.
- Cap Rate: The transaction's cap rate aligns with previous FCPT transactions, reflecting the company's consistent investment standards and strategies in the market, thereby bolstering investor confidence in its financial stability.
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Analyst Views on FCPT
Wall Street analysts forecast FCPT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FCPT is 29.75 USD with a low forecast of 29.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 23.940
Low
29.00
Averages
29.75
High
30.00
Current: 23.940
Low
29.00
Averages
29.75
High
30.00
About FCPT
Four Corners Property Trust, Inc. is a real estate investment trust (REIT), which owns, acquires and leases properties for use in the restaurant and retail industries. The Company's segments are real estate operations and restaurant operations. Its real estate operations segment consists of rental revenues primarily generated by leasing restaurant properties to tenants through net lease arrangements under which the tenant is primarily responsible for ongoing costs relating to the properties. Its restaurant operations segment is conducted through a taxable REIT subsidiary and consists of its Kerrow Restaurant Operating Business. The Kerrow Restaurant Operating Business consists of seven LongHorn Steakhouse restaurants located in the San Antonio, Texas area. Its properties are located in Florida, Texas, Georgia, Ohio, Illinois, Indiana, Michigan, Pennsylvania, Wisconsin, Alabama, Minnesota, Arkansas, Louisiana, New York, Arizona, Nevada, Mississippi, and Colorado, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Four Corners Property Trust Acquires New Asset
- Acquisition Deal: Four Corners Property Trust has acquired a GreatWater 360 Auto Care property for $2.3 million via a sale-leaseback arrangement, demonstrating the company's ongoing expansion in high-quality net-leased properties.
- Lease Terms: The property is corporate-operated under a long-term triple net lease, ensuring stable cash flow and returns, which further enhances the quality of FCPT's investment portfolio.
- Market Positioning: Located in a highly trafficked corridor in Minnesota, this property highlights FCPT's focus on location and potential customer traffic when selecting properties to maximize future leasing revenues.
- Cap Rate: The transaction's cap rate aligns with previous FCPT transactions, reflecting the company's consistent investment standards and strategies in the market, thereby bolstering investor confidence in its financial stability.
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Four Corners Property Trust Acquires New Property
- Acquisition Transaction: Four Corners Property Trust has acquired a GreatWater 360 Auto Care property for $2.3 million via sale-leaseback, demonstrating the company's investment strategy in high-traffic areas.
- Long-Term Lease: The property is corporate-operated under a long-term triple net lease, ensuring stable cash flow and returns, thereby enhancing FCPT's financial stability.
- Market Positioning: The acquired property is located in a busy corridor in Minnesota, indicating FCPT's strategic insight in selecting high-potential markets, which helps to elevate the overall value of its investment portfolio.
- Company Background: FCPT, headquartered in Mill Valley, CA, focuses on the ownership, acquisition, and leasing of restaurant and retail properties, aiming to expand its market share by adding high-quality assets.
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