Four Corners Continues its Acquisition Spree to Boost Portfolio

Core Viewpoint - Four Corners Property Trust (FCPT) is actively expanding its portfolio through strategic acquisitions, which are expected to enhance future revenue growth and secure long-term cash flows [3][5]. Group 1: Recent Acquisitions - FCPT acquired the Christian Brothers Automotive property through a sale-leaseback for $4.3 million, located in a high-traffic retail corridor in Illinois, under a long-term lease guaranteed by the corporate entity [1]. - The company also acquired an automotive service property for $5.3 million, leased to a national operator, located in a highly trafficked corridor in Arkansas, priced at a 6.8% cap rate [2]. - In addition to the above, FCPT acquired four Christian Brothers Automotive properties for $16.9 million and a Caliber Collision property for $4.2 million this week [5]. Group 2: Strategic Focus - These acquisitions reflect FCPT's strategy to build a resilient portfolio capable of withstanding various economic cycles [6]. - The company has a history of acquiring high-quality, net-leased restaurant and retail properties, indicating a consistent approach to growth [4]. Group 3: Market Performance - Over the past three months, FCPT's shares have declined by 4.4%, compared to a 3.3% decline in the industry, suggesting some challenges in the current market environment [6].