FCPT Acquires 13 Darden Restaurant Properties For $79.5M; Year-To-Date Acquisition Volume Totals $269.1M
Portfolio Pulse from Benzinga Newsdesk
Four Corners Property Trust (FCPT) has acquired 13 properties from Darden Restaurants for $79.5 million. This brings FCPT's year-to-date acquisition volume to $269.1 million.
July 07, 2023 | 5:00 am
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FCPT's acquisition of 13 properties from Darden Restaurants for $79.5 million increases its asset base and year-to-date acquisition volume to $269.1 million.
The acquisition of 13 properties from Darden Restaurants significantly increases FCPT's asset base. This could potentially lead to increased revenues and profitability in the future, which is likely to have a positive impact on the company's stock price in the short term.
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