From Yahoo Finance: 2025-05-25 18:28:00

Four Corners Property Trust, Inc. (NYSE:FCPT) acquires four Christian Brothers Automotive sites for $16.9 million in a sale-leaseback deal across Ohio, Florida, and Nebraska. The properties are strategically located in high-visibility retail areas with favorable demographics.

FCPT, a real estate investment trust, expands its portfolio with long-term leased sites from Christian Brothers Automotive’s parent company. The deal maintains consistent investment discipline with historical benchmarks and addresses concerns about high acquisition competition.

Despite concerns about high competition, FCPT remains committed to disciplined growth with a portfolio exceeding 1,000 properties. UBS analyst Michael Goldsmith reaffirms a Buy rating for the company, indicating a strong footprint in high-demand U.S. retail sectors.

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Read more: Four Corners Property Trust, Inc. (FCPT) Expands Portfolio with $16.9M Auto Property Deal