FCPT Announces $1.7 Million Sale-Leaseback of Tire Discounters Property

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FCPT, or Four Corners Property ($NYSE:FCPT) Trust, is a publicly traded real estate investment trust (REIT) focused on acquiring and managing net leased industrial and retail properties. Recently, the company has announced it completed a sale-leaseback transaction with Tire Discounters for a property valued at $1.7 million. This transaction highlights the continued success of FCPT in acquiring and managing high-quality properties for its portfolio. The sale-leaseback transaction is a win-win for both parties involved.

Tire Discounters is able to capitalize on the sale of the property while still maintaining control of the operation and continued use of the space through the lease agreement. FCPT benefits from an annual income stream and an attractive real estate investment. Overall, this transaction furthers FCPT’s goal of expanding its portfolio of net leased properties.

Share Price

On Wednesday, FOUR CORNERS PROPERTY TRUST (FCPT) announced a $1.7 million sale-leaseback transaction with Tire Discounters, a leading automotive service retailer. As a result of the transaction, FCPT acquired the Tire Discounters store located in Smyrna, Tennessee and will now lease the property back to Tire Discounters. This sale-leaseback is a unique opportunity for FCPT to acquire a prime property while generating a steady income from the tenant. The transaction drove a slight increase in FCPT’s stock price, opening at $25.7 and closing at the same price, up by 0.4% from the previous closing price of 25.6. This indicates that investors are optimistic about the sale-leaseback transaction and view it as an effective way for FCPT to add value to its portfolio.

This sale-leaseback is just the latest in a series of transactions that FCPT has made in the recent past. With this new acquisition, FCPT now owns a total of nine properties across seven states. Moving forward, FCPT is committed to pursuing more attractive opportunities in order to further grow its portfolio and better serve its investors. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for FCPT are shown below. More…

Analysis

GoodWhale recently conducted an analysis on the wellbeing of FOUR CORNERS PROPERTY TRUST. According to our Star Chart, FOUR CORNERS PROPERTY TRUST is strong in asset, dividend, profitability, and medium in growth. Our health score for FOUR CORNERS PROPERTY TRUST is a 7/10, making it highly capable to sustain future operations in times of crisis. With such a high health score and strong asset and dividend performance, we have classified FOUR CORNERS PROPERTY TRUST as a “cow”, meaning a company with the track record of paying out consistent and sustainable dividends. Investors that may be interested in investing in FOUR CORNERS PROPERTY TRUST would include those looking to gain a passive income through dividend payouts. As the company is a “cow”, this would be ideal for investors who are looking for consistent and safe returns. Additionally, investors interested in long term capital appreciation may also be interested in investing in FOUR CORNERS PROPERTY TRUST, given its medium growth score. All in all, investors looking for a secure, long-term investment with potential for passive income would be drawn to FOUR CORNERS PROPERTY TRUST. More…

Peers

The company’s portfolio includes office buildings, retail centers, and warehouses. The company’s competitors include Sasseur REIT, Fair Value REIT-AG, IGB Real Estate Investment Trust.

– Sasseur REIT ($SGX:CRPU)

Sasseur REIT is a Singapore-based real estate investment trust that invests in a portfolio of factory outlet malls in China. The company has a market cap of 847.21 million as of 2022.

– Fair Value REIT-AG ($LTS:0NAG)

Valued at €78.56 million, Fair Value REIT-AG is a publicly traded real estate company that focuses on the development, acquisition, and management of properties in the retail and office sectors in Germany. The company was founded in 2006 and is headquartered in Frankfurt am Main, Germany. Fair Value REIT-AG is one of the leading real estate companies in Germany with a strong focus on the retail sector. The company owns and manages a diversified portfolio of properties, including shopping centers, retail parks, and office buildings. In addition, Fair Value REIT-AG is involved in the development of new properties and the refurbishment of existing ones.

– IGB Real Estate Investment Trust ($KLSE:5227)

IRSA Inversiones y Representaciones S.A. is a real estate investment trust (REIT) based in Buenos Aires, Argentina. The company was founded in 1986 and is one of the largest REITs in Latin America. IRSA Inversiones y Representaciones S.A. owns a portfolio of properties in Argentina, Brazil, Chile, Colombia, Mexico, Peru, and the United States. The company’s portfolio includes office buildings, shopping centers, hotels, and industrial warehouses.

Summary

Four Corners Property Trust (FCPT) recently announced a sale-leaseback of a Tire Discounters property for $1.7 million. This investment provides FCPT with a steady stream of income from the rent paid by Tire Discounters.

Additionally, the property is expected to appreciate in value over time, providing FCPT with additional capital gains when sold. The acquisition was funded through the sale of FCPT’s common stock, giving investors an opportunity to get involved in this transaction and benefit from the potential appreciation in the value of the property. This move is part of FCPT’s strategy of investing in high-quality, income-producing real estate with long-term appreciation potential. Investors should consider this news as a positive development for the company and its future prospects.