- Four Corners Property Trust Inc (NYSE:FCPT) has acquired a Caliber Collision property for $6.1 million.
- The property is located in a strong retail corridor in Tennessee and is corporate operated under a net lease with about seven years of term remaining.
- The transaction was priced at a 6.7% cap rate, including near term rent increases.
- FCPT, a real estate investment trust, primarily engages in the ownership and acquisition of high-quality, net-leased restaurant and retail properties.
- The company held $36.7 million in cash and equivalents as of September 30, 2022.
- Price Action: FCPT shares closed at $26.74 on Thursday.
Income Opportunity Realty Q2 EPS $0.20, Same YoY
Income Opportunity Realty (AMEX:IOR) reported quarterly earnings of $0.20 per share. This is unchanged from the same period last year.
