Four Corners Property Trust Expands Retail-Focused Portfolio with $4.9 Million Texas Acquisition
AI Summary1 min read
TL;DR
Four Corners Property Trust acquired a Caliber Collision property in Texas for $4.9 million, boosting its retail portfolio with a 7.3% cap rate. Despite a low Altman Z-Score and debt, FCPT appears undervalued with a 2.6 recommendation score.
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Four Corners Property Trust
Four Corners Property Trust (FCPT) acquired a Caliber Collision property in Texas for $4.9 million, enhancing its retail-focused portfolio with a 7.3% capitalization rate. FCPT operates primarily in the real estate sector, focusing on restaurant and retail properties, with a market capitalization of $2.55 billion. Despite a low Altman Z-Score and ongoing debt issuance, FCPT's valuation metrics suggest undervaluation and a recommendation score of 2.6.
