Service Properties Trust shares rise 5.04% after-hours following Four Corners Property Trust's acquisition of restaurant properties.

Service Properties Trust rose 5.04% in after-hours trading, with Four Corners Property Trust acquiring four Cheddar's Scratch Kitchen properties for $14.7 million. The properties are located in strong retail corridors and are under long-term triple net leases, which is a positive development for the real estate investment trust sector.