Four Corners Boosts Portfolio With Acquisition of Multiple Properties

Zacks11-20 23:18

Four Corners Property Trust FCPT recently announced the buyout of a Raising Cane's property, a Dollar General property and a Jiffy Lube property for $6.6 million. The move aligns with FCPT’s portfolio...

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The move aligns with FCPT’s portfolio...</p>\n\n<a href=\"https://finance.yahoo.com/news/four-corners-boosts-portfolio-acquisition-151800412.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Four Corners Boosts Portfolio With Acquisition of Multiple Properties</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFour Corners Boosts Portfolio With Acquisition of Multiple Properties\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-20 23:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/four-corners-boosts-portfolio-acquisition-151800412.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Four Corners Property Trust FCPT recently announced the buyout of a Raising Cane's property, a Dollar General property and a Jiffy Lube property for $6.6 million. The move aligns with FCPT’s portfolio...</p>\n\n<a href=\"https://finance.yahoo.com/news/four-corners-boosts-portfolio-acquisition-151800412.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://finance.yahoo.com/news/four-corners-boosts-portfolio-acquisition-151800412.html","article_id":"2485147658","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/FB_woUNJvEdJqKON5QFf5w--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/7ad85367f4dd5ec53dc613f9ce95cb57"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485147658","pubTimestamp":1732115880,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Four Corners Property TrustFCPT recently announced the buyout of a Raising Cane's property, a Dollar General property and a Jiffy Lube property for $6.6 million. The move aligns with FCPT’s portfolio expansion efforts.The sites are situated in strong retail corridors in Texas and Florida. The properties are secured under long-term, triple-net leases with a weighted average term of eight years remaining. The Raising Cane’s and Dollar General properties are operated by corporates, while Jiffy Lube is a franchisee-operated property. The transaction was executed at a capitalization rate of 7.3% on rent net of transaction costs.Of late, this real estate investment trust , mainly engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, has been on an acquisition spree.Early in November, Four Corners announced the acquisition of Miller's Ale House property in a strong retail corridor in Georgia for $3.8 million. The property is corporate-operated ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","FCPT":"Four Corners Property Trust, Inc.","BK4223":"办公室房地产信托","BK4585":"ETF&股票定投概念","IRM":"爱恩铁山","BK4234":"特殊用途房地产信托","CUZ":"卡津斯不动产信托基金","BK4084":"特种房地产投资信托","BK4194":"办公房地产投资信托","REIT":"ALPS Active REIT ETF"},"translate_title":"Four Corners通过收购多处房产增强投资组合","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CUZ":1,"IRM":1,"REIT":1,"FCPT":0.9},"content_text":"Four Corners Property Trust FCPT recently announced the buyout of a Raising Cane's property, a Dollar General property and a Jiffy Lube property for $6.6 million. The move aligns with FCPT’s portfolio expansion efforts.\nThe sites are situated in strong retail corridors in Texas and Florida. The properties are secured under long-term, triple-net leases with a weighted average term of eight years remaining. The Raising Cane’s and Dollar General properties are operated by corporates, while Jiffy Lube is a franchisee-operated property. The transaction was executed at a capitalization rate of 7.3% on rent net of transaction costs.\nFCPT’s Past Acquisitions\nOf late, this real estate investment trust (REIT), mainly engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, has been on an acquisition spree.\nEarly in November, Four Corners announced the acquisition of Miller's Ale House property in a strong retail corridor in Georgia for $3.8 million. The property is corporate-operated under a long-term, net lease with around 11 years of term remaining.\nImage Source: FCPT Investor Presentation Oct. '24\nAs per the company’s latest investor presentation, from the beginning of 2024 through Oct. 30, Four Corners acquired 42 properties worth $132 million at a capitalization rate of 7.2% on rents.\nAs of Oct. 30, 2024, Four Corners’ rental portfolio comprised 1,176 properties in 47 states. The properties are 99.6% occupied under long-term, net leases with a weighted average remaining lease term of around 7.3 years.\nThese strategic moves not only broaden FCPT's footprint in various states but also ensure portfolio diversification. Such efforts benefit the company and its investors as they gain exposure to growing industries and establish long-term lease agreements with strong tenants.\nMoreover, FCPT has a disciplined capital distribution strategy and remains committed to increasing shareholder value through regular dividend hikes. The company has increased its dividend six times in the past five years. In effect to this, the company, on Nov. 11, announced its fourth-quarter dividend of 35.5 cents, an increase of 2.9% over the prior quarter. The dividend will be paid out on Jan. 15, 2025, to shareholders on record as of Dec. 31, 2024.\nOver the past six months, shares of this Zacks Rank #3 (Hold) company have risen 17.1% compared with the industry's growth of 11.6%.\nImage Source: Zacks Investment Research\nStocks to Consider\nSome better-ranked stocks from the broader REIT sector are Iron Mountain IRM and Cousins Properties CUZ, 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.\nThe Zacks Consensus Estimate for Iron Mountain’s current-year FFO per share has been raised marginally over the past month to $4.49.\nThe Zacks Consensus Estimate for Cousins Properties’ 2024 FFO per share has moved marginally northward over the past week to $2.68.\nNote: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nIron Mountain Incorporated (IRM) : Free Stock Analysis Report\nCousins Properties Incorporated (CUZ) : Free Stock Analysis Report\nFour Corners Property Trust, Inc. (FCPT) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485147658"}