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FCPT
Zacks Investment Research
7 days

Four Corners Boosts Growth With Acquisition of Portfolio for $19.7M

1. FCPT buys five Outback Steakhouse properties for $19.7 million. 2. Acquisitions strengthen FCPT's portfolio with stable income streams. 3. Properties are located in retail hubs in Texas, Florida, and Missouri. 4. FCPT has acquired 42 properties worth $132 million in 2024. 5. Recent stock performance shows a 24.3% rise, outperforming the industry.

+0.58%Current Return
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+0.62%S&P 500
$29.5411/28 11:12 AM EDTEvent Start

$29.7111/29 05:20 PM EDTLatest Updated
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FAQ

Why Bullish?

Strategic acquisitions like this often enhance portfolio value, similar to previous successes.

How important is it?

The acquisition impacts FCPT's financial health and future revenues significantly.

Why Long Term?

The long-term leases indicate stable future revenue, reflecting FCPT’s ongoing growth strategy.

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