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Service Properties Trust shares rise 2.85% intraday after Brandywine Realty Trust prices $150 million debt offering.
ByAinvest
Wednesday, Jun 18, 2025 12:41 pm ET1min read
Service Properties Trust rose 2.85% intraday, with the company's stock price movement aligning with the recent news of Four Corners Property Trust (FCPT) acquiring an Olive Garden property for $4.1 million. The property is located in a strong retail corridor in North Carolina and is corporate-operated under a long-term triple net lease. This acquisition is indicative of FCPT's strategy to own and acquire high-quality, net-leased restaurant and retail properties, which could positively impact the broader real estate investment trust (REIT) sector, including Service Properties Trust.
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