Four Corners Diversifies Portfolio, Acquires Patient First Property

Four Corners Property Trust FCPT recently announced the acquisition of a Patient First Urgent Care property for $6.6 million. The move highlights the company’s expansionary and diversification efforts, aiding stable revenue generation.The property is located in a strong retail corridor in Pennsylvania. Priced at a cap rate in line with the company’s previous transactions, the property is corporate-operated under a long-term triple-net lease.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 a Bojangles property for $2.2 million. It also acquired four Burger King properties through a sale-leaseback for $8.1 million from Ampler Restaurant Group.The above purchases fall in line with Four Corners’ 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 elevated.In the past three months, shares of this Zacks Rank #3 (Hold) company have declined 7.1% against the industry's growth of 1.4%.Image Source: Zacks Investment ResearchStocks to ConsiderSome better-ranked stocks from the broader REIT sector are W.P. Carey WPC and Terreno Realty TRNO, 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 WPC’s 2025 FFO per share has been moved southward over the past month to $4.87.The consensus estimate for TRNO’s 2025 FFO per share has been revised upward marginally to $2.61 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.Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>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 Terreno Realty Corporation (TRNO): Free Stock Analysis Report W.P. Carey Inc. (WPC): Free Stock Analysis Report Four Corners Property Trust, Inc. (FCPT): 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