Four Corners Continues its Acquisition Spree to Boost Portfolio

Four Corners Property Trust FCPT recently acquired four Cheddar's Scratch Kitchen properties for $14.7 million. This acquisition highlights the company’s expansionary and diversification efforts, which will aid future revenue growth.Two properties are located in strong retail corridors of Kentucky, while one property each is located in Indiana and Virginia. The properties are corporate-operated under long-term, triple-net leases. 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 a portfolio of automotive service properties through a sale-leaseback for $4.7 million from VIVE Collision. In the same period, FCPT acquired an Olive Garden property for $4.1 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 1% compared with the industry's growth of 6.2%. Image Source: Zacks Investment Research Stocks to ConsiderSome better-ranked stocks from the broader REIT sector are Uniti Group UNIT and CareTrust REIT CTRE, 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 UNIT’s 2025 FFO per share stands at $1.50, indicating an increase of 11.1% year over year.The Zacks Consensus Estimate for CTRE’s 2025 FFO per share is pegged at $1.81, indicating an increase of 20.7% year over year.Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>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 CareTrust REIT, Inc. (CTRE): Free Stock Analysis Report Four Corners Property Trust, Inc. (FCPT): Free Stock Analysis Report Uniti Group Inc. (UNIT): 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