Dec. 24 at 4:08 PM
$FCPT expanding, but debt looms large! β οΈ
FCPT snapped up a Crash Champions site for
$2.6M and an Olive Garden for
$2.2M, supporting its diversification strategy. The company also acquired an Applebee's property for
$4.3M and a National Veterinary Associates property for
$4.4M. Yet, with a
$1.23B debt load as of Sept. 30, 2023, growth might face hurdles. π
Understand the risks before investing in FCPT π https://www.zacks.com/stock/news/2808707/four-corners-continues-its-acquisition-spree-to-boost-portfolio?cid=sm-stocktwits-2-2808707-body-26221&ADID=SYND_STOCKTWITS_TWEET_2_2808707_BODY_26221