Four Corners Expands Portfolio With a VCA Animal Hospital Property

Four Corners Property Trust FCPT recently announced the acquisition of a VCA animal hospital property for $5.8 million. The move underscores the company’s efforts to expand its portfolio as a strategy to remain resilient amid uncertain times.

Priced at a cap rate in the range of FCPT’s previous transactions, the property is located in a strong retail corridor in New York and is corporate-operated under a long-term net lease.

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 mid-November, FCPT acquired a Caliber Collision property for $4.9 million. Located in a strong corridor in Texas, the property is corporate-operated under a triple-net lease with around five years of term remaining.

In the third quarter of 2025, FCPT acquired a total of 28 properties worth $82 million with a weighted average remaining lease term of 11.6 years. The acquired properties belonged to diverse industries, boosting the stability in revenue generation. 39% were medical, 36% auto service, 16% quick service restaurants and 9% casual dining restaurants by purchase price.

The above purchases fall in line with Four Corners’ strategy of structuring a portfolio that will withstand varied economic cycles. However, the company’s growth plans could encounter challenges due to its sizable $1.21 billion debt load, which may continue to keep borrowing costs high.

In the past three months, shares of this Zacks Rank #4 (Sell) company have declined 9.2% against the industry's growth of 1.8%.

Stocks to Consider

Some better-ranked stocks from the broader REIT sector are W.P. Carey WPC and Terreno Realty TRNO, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for WPC’s 2025 FFO per share has been moved northward over the past week to $4.92.

The consensus estimate for TRNO’s 2025 FFO per share has been revised upward by 4.6% to $2.71 over the past month.

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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