Four Corners Property: Slowing Growth, High Valuation And Concentration Risks Make It Hard To Recommend
Summary
- Despite high occupancy rates and a robust balance sheet, the company's AFFO growth has slowed, and it trades at a premium valuation.
- The company's heavy reliance on a single tenant and high concentration in the restaurant sector make it riskier than its peers.
- Given its current valuation and exposure risks, I recommend a "hold" rating for Four Corners, as better opportunities exist in the triple net lease retail space.
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