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Four Springs Capital Trust Scheduled, NYSE: FSPR

Single-tenant net lease REIT with 156 commercial properties across 32 states.

Industry: Real Estate

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First Day Return:

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Industry: Real Estate

We are an internally managed REIT focused on acquiring, owning and actively managing a portfolio of single-tenant, income producing industrial, medical, service/necessity retail and office properties throughout the United States that are subject to long-term net leases. As of December 15, 2021, we wholly owned, or had ownership interests in, 156 properties located in 32 states that were 99.8% leased (based on our leasable square footage) to 68 tenants operating in 37 different industries. As of such date, approximately 43.3% of our ABR on an expected post-syndication pro rata share basis was from leases with tenants or lease guarantors, or parents of tenants or lease guarantors, that have an investment grade credit rating from a major rating agency or have a senior unsecured obligation that has been so rated. Additionally, based on ABR on an expected post-syndication pro rata share basis, approximately 81.3% of our leases provide for fixed contractual increases in future base rent and an additional 8.1% of our leases provide for CPI-based contractual increases in future base rent. On a portfolio wide basis based on ABR on an expected post-syndication pro rata share basis, the average annual contractual base rent increase was approximately 1.5% (excluding CPI-based rent increases). As of November 15, 2021, our portfolio had a weighted average remaining lease term of 10.1 years (based on ABR on an expected post-syndication pro rata share basis).
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IPO News for Four Springs Capital Trust
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IPO Data
IPO File Date 11/15/2021
Offer Price
Price Range $13.00 - $15.00
Offer Shares (mm) 18.0
Deal Size ($mm) $252
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range $13.00 - $15.00
Offer Shares (mm) 18.0
Deal Size ($mm) $252
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Lake Como, NJ
Founded 2012
Employees 21
Website fsctrust.com