Four Corners Property Trust FCPT recently announced the acquisition of an Olive Garden property for $4.1 million. This acquisition highlights the company’s expansionary and diversification efforts, which will aid future revenue growth.
The property is located in strong retail corridors in North Carolina. The property, under a long-term triple net lease, is corporate-operated. The transaction was priced at a cap rate that was in line with prior FCPT transactions.
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.
Last week, FCPT announced the acquisition of the Tires Plus property for $1.7 million and an automotive service property for $5.8 million. In the last week of May 2025, the company acquired the Christian Brothers Automotive property through a sale-leaseback for $4.3 million. For the same period, it also acquired an automotive service property for $5.3 million.
The above purchases fall in line with FCPT’s strategy of structuring a portfolio that will withstand varied economic cycles. However, the company’s expansion may face potential headwinds in an elevated interest-rate environment, which could keep its borrowing costs high.
In the past six months, shares of this Zacks Rank #3 (Hold) company have gained 5.1% compared with the industry's increase of 7.2%.
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Stocks to Consider
Some better-ranked stocks from the broader REIT sector are VICI Properties VICI and Medical Properties Trust MPW, 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 VICI’s 2025 FFO per share has moved one cent northward to $2.34 over the past two months.
The Zacks Consensus Estimate for MPW’s 2025 FFO per share has remained unchanged at 62 cents over the past two months.
Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>Medical Properties Trust, Inc. (MPW) : Free Stock Analysis Report
Four Corners Property Trust, Inc. (FCPT) : Free Stock Analysis Report
VICI Properties Inc. (VICI) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
