PLYM

Recent Acquisitions: Four Corners Property Trust (FCPT) acquired a Bojangles property for $2.2 million, alongside four Burger King properties for $8.1 million and a Mavis Tire property for $2.6 million, indicating its expansion strategy.

Property Details: The Bojangles property is located in a strong retail area in Tennessee, leased under a long-term triple-net agreement with nearly six years remaining, priced at a 7.1% cap rate.

Market Performance: FCPT's shares have declined by 3.8% over the past three months, contrasting with a 3.9% growth in the industry, amidst concerns about high borrowing costs due to rising interest rates.

Comparison with Peers: Other REITs like Plymouth Industrial REIT and Welltower are performing better, holding Zacks Rank #2 (Buy), with positive adjustments in their 2025 FFO per share estimates.

Stock Performance: Alexandria Real Estate Equities (ARE) shares have increased by 19.3% over the past three months, significantly outperforming the industry average growth of 3.9%.

Strong Demand for Properties: The company's Class A/A+ properties in strategic locations are benefiting from high demand in the life sciences sector, particularly due to advancements in AI and ML technologies requiring extensive lab spaces.

Financial Health and Growth Potential: Alexandria has a robust financial position with $4.6 billion in liquidity and a strong track record of increasing dividends, indicating sustainable long-term growth potential.

Risks and Competitors: Despite its strengths, Alexandria faces risks related to rising construction costs and interest expenses; meanwhile, competitors like Plymouth Industrial REIT and Welltower are also performing well in the REIT sector.

Acquisition Announcement: Highwoods Properties, Inc. has acquired the Legacy Union Parking Garage in Uptown Charlotte for $111.5 million, which includes plans for near-term improvements.

Revenue Generation: The garage, with 3,057 spaces, primarily serves Highwoods' office properties and is expected to generate approximately $8 million in cash and GAAP net operating income over the next year.

Strategic Growth: This acquisition aligns with Highwoods' capital-recycling strategy aimed at enhancing its portfolio through premium asset acquisitions and development in high-growth markets.

Market Performance: Despite the acquisition, Highwoods shares have declined by 3.5% in the last three months, facing challenges from competition and high interest expenses, while other REITs like Plymouth Industrial REIT and W.P. Carey show better rankings.