Four Corners Acquires an Olive Garden Property for $4.1M

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 SnapshotThis 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%. Image Source: Zacks Investment Research Stocks to ConsiderSome 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 DoubleEach 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 >>Want 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 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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks