Four Corners Property Trust Expands Portfolio with Recent Acquisitions of Tires Plus and Automotive Service Properties

Four Corners Property Trust (FCPT) recently announced the acquisition of two properties, a Tires Plus property for $1.7 million and an automotive service property for $5.8 million. Both properties are located in highly trafficked corridors, with the Tires Plus property in Georgia and the automotive service property in Texas. The Tires Plus property is corporate-operated under a triple-net lease with approximately three years remaining, while the automotive service property is leased to a national operator and is under a corporate long-term, triple-net lease. These acquisitions highlight FCPT's expansionary and diversification efforts, which will aid future revenue growth. FCPT is a real estate investment trust (REIT) mainly engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties. In the past three months, shares of FCPT have declined 1.7% compared with the industry's fall of 0.6%. The company's Zacks Rank is #3 (Hold). In addition to FCPT, two other REITs with better rankings are VICI Properties (VICI) and Medical Properties Trust (MPW), each carrying a Zacks Rank #2 (Buy) at present. VICI's 2025 FFO per share consensus estimate has moved one cent northward to $2.34 over the past two months, while MPW's 2025 FFO per share consensus estimate has remained unchanged at 62 cents over the same period. It's worth noting that any earnings mentioned in this article represent FFO, a widely used metric to gauge the performance of REITs. If you want the latest recommendations from Zacks Investment Research, you can download their 7 Best Stocks for the Next 30 Days report for free.