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FCPT Announces Acquisition of an Ethos Veterinary Health Property for $3.7 Million

1. FCPT acquires Ethos Veterinary Health property for $3.7 million. 2. This acquisition diversifies FCPT's portfolio and expands into veterinary services.

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$26.5707/25 01:39 AM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition aligns with FCPT's strategy to diversify properties, potentially increasing revenue. Historical acquisitions by REITs in new sectors have often led to stock appreciation.

How important is it?

This acquisition represents a strategic move for FCPT, indicating a proactive growth strategy and appealing to investors focusing on diversified REITs.

Why Long Term?

Diversifying into veterinary properties could enhance stability and yield over time, similar to other REITs that expanded into healthcare.

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EXRPLDO
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of an Ethos Veterinary Health property for $3.7 million. Ethos Veterinary Health is a network of over 140 specialty and emergency veterinary hospitals across North America. The property is located in a strong re.

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