FCPT Acquires Three Express Oil Change & Tire Engineers Properties
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Four Corners Property Trust FCPT recently announced the purchase of three Express Oil Change & Tire Engineers properties for $9.5 million. The said property is located in a highly trafficked corridor in Georgia. The above acquisition highlights the company’s expansionary and diversification efforts, which will aid future revenue growth.Priced at a 6.6% 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 approximately 19 years of term remaining. This will help secure FCPT's long-term cash flows.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 April 2025, FCPT acquired the Caribou Coffee property for $1.4 million. The property is located in a highly trafficked corridor in Wisconsin. It is corporate-operated under a long-term, triple-net lease with approximately eight years of term remaining.In the same month, it acquired Chuy's property, Outback Steakhouse property, automotive service property for $2.9 million, $1.6 million and $5.3 million, respectively.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.Over the past three months, shares of this Zacks Rank #3 (Hold) company have gained 2.1% against the industry's fall of 2.2%. Image Source: Zacks Investment Research Stocks to ConsiderSome better-ranked stocks from the broader REIT sector are Welltower WELL and Cousins Properties CUZ, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for WELL’s 2025 FFO per share has been moved one cent northward to $4.99 over the past week.The consensus estimate for CUZ’s 2025 FFO per share has been revised upward by 1.1% to $2.79 over the past two months.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 StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.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 $803 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 Cousins Properties Incorporated (CUZ): Free Stock Analysis Report Four Corners Property Trust, Inc. (FCPT): 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
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