Four Corners Continues Its Acquisition Spree to Boost Portfolio

Four Corners Property Trust FCPT recently acquired the Bojangles property for $2.2 million. This acquisition highlights the company’s expansionary and diversification efforts, which will aid revenue growth.The property is located in a strong retail corridor in Tennessee. Priced at a 7.1% cap rate on rent as of the closing date, exclusive of transaction costs, the property is corporate-operated under a long-term triple-net lease with nearly six years of term remaining.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.This month, FCPT announced the acquisition of four Burger King properties through a sale-leaseback for $8.1 million from Ampler Restaurant Group. It also acquired Mavis Tire Property for $2.6 million this month.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 a high-interest-rate environment, which could keep its borrowing costs high.In the past three months, shares of this Zacks Rank #3 (Hold) company have declined 3.8% against the industry's growth of 3.9%.Image Source: Zacks Investment ResearchStocks to ConsiderSome better-ranked stocks from the broader REIT sector are Plymouth Industrial REIT PLYM and Welltower WELL, 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 PLYM’s 2025 FFO per share has moved 2 cents northward to $1.88 over the past week.The Zacks Consensus Estimate for WELL’s 2025 FFO per share has moved 4 cents northward to $5.06 over the past month.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.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 Four Corners Property Trust, Inc. (FCPT): Free Stock Analysis Report Plymouth Industrial REIT (PLYM): Free Stock Analysis Report Welltower Inc. (WELL): 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