FCPT Announces Disposition Of A Red Lobster Property For $3.8M
Portfolio Pulse from Benzinga Newsdesk
Four Corners Property Trust (FCPT) has announced the sale of a Red Lobster property in Kentucky for $3.8 million. The property is corporate-operated under a triple net lease. The company plans to reinvest the proceeds into new investment opportunities.
October 03, 2023 | 6:28 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
FCPT's sale of the Red Lobster property could potentially free up capital for new investment opportunities, which could lead to growth.
The sale of the property could potentially free up capital for FCPT to invest in new opportunities. This could lead to growth for the company, which could positively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100