Four Corners Property Trust FCPT recently announced the acquisition of a VCA Animal Hospital property for $3.0 million. The property is located in a highly trafficked corridor in Michigan and is corporate-operated under a long-term triple-net lease. Priced at a 6.6% cap rate on rent as of the closing date and exclusive of transaction costs, the buyout will be value accretive for FCPT, laying the ground for long-term growth.
In mid-March, FCPT also acquired a Carrabba’s Italian Grill property for $3.4 million. The property is located in a strong retail corridor in Florida and is corporate-operated under a triple-net lease with around six 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 2025, FCPT acquired 105 properties aggregating $317.9 million with a weighted-average remaining lease term of 12.2 years as of Dec. 31, 2025. The acquired properties belonged to diverse industries, boosting stability in revenue generation. 37% were auto service, 24% were medical retail, 22% quick service restaurants, 14% casual dining restaurants and 3% other retail by purchase price.
FCPT’s recent acquisitions reflect its continued focus on expanding a diversified portfolio of net-leased restaurant and retail properties. With long-term triple-net leases and exposure to multiple service-oriented industries, the company remains well-positioned to generate stable cash flows and support steady portfolio growth.
Over the past three months, shares of this Zacks Rank #3 (Hold) company have risen 9.3% compared with the industry's growth of 4.5%.
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Stocks to Consider
Some better-ranked stocks from the broader REIT sector are Chatham Lodging Trust REIT CLDT, sporting a Zacks Rank #1 (Strong Buy), and Cousins Properties CUZ, carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CLDT’s 2026 FFO per share is pegged at $1.20, which indicates year-over-year growth of 17.7%.
The consensus estimate for CUZ’s full-year FFO per share is pinned at $2.93, which calls for an increase of 3.2% from the year-ago period.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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Cousins Properties Incorporated (CUZ): Free Stock Analysis Report
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Four Corners Property Trust, Inc. (FCPT): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).