Four Corners Property Trust Expands Retail-Focused Portfolio with $4.9 Million Texas Acquisition

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.