Four Corners Expands Portfolio With Carrabba's Italian Grill Site

Four Corners Property Trust FCPT recently announced the acquisition of a Carrabba’s Italian Grill property for $3.4 million. The move highlights expansionary and diversification efforts.

The property is located in a strong retail corridor in Florida and is corporate-operated under a triple-net lease with around six years of term remaining. Priced at a 6.6% cap rate on rent as of the closing date and exclusive of transaction costs, the buyout will be value accretive for FCPT, laying the ground for long-term growth.

In early March, FCPT also acquired an automotive service property via sale-leaseback for $2.1 million in a highly trafficked corridor in Indiana. It also purchased another national automotive service operator property in a highly trafficked corridor in Texas for $1.6 million.

More on FCPT

This real estate investment trust (REIT), mainly engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, has a track record of acquisitions.

In 2025, FCPT acquired 105 properties aggregating $317.9 million with a weighted-average remaining lease term of 12.2 years as of Dec. 31, 2025. The acquired properties belonged to diverse industries, boosting stability in revenue generation. 37% were auto service, 24% were medical retail, 22% quick service restaurants, 14% casual dining restaurants and 3% other retail by purchase price.

The above purchases fall in line with Four Corners’ strategy of structuring a portfolio that will withstand varied economic cycles.

Over the past three months, shares of this Zacks Rank #3 (Hold) company have risen 9.4% compared with the industry's growth of 3.7%.

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Stocks to Consider

Some better-ranked stocks from the broader REIT sector are Chatham Lodging Trust REIT CLDT, sporting a Zacks Rank #1 (Strong Buy), and Cousins Properties CUZ, carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for CLDT’s 2026 FFO per share is pegged at $1.20, which indicates year-over-year growth of 17.7%.

The Zacks Consensus Estimate for CUZ’s full-year FFO per share is pinned at $2.93, which calls for an increase of 3.2% from the year-ago period.

Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.

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This article originally published on Zacks Investment Research (zacks.com).

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