Four Springs Capital Trust
| General Information | |
| Business: | (Note: Four Springs Capital Trust, a REIT, withdrew its IPO plans in an SEC filing dated Dec. 28, 2022.) Four Springs Capital Trust is a self-administered and self-managed real estate company, formed on July 6, 2012. We elected to be taxed as a real estate investment trust (“REIT”) for U.S. federal income tax purposes beginning with our taxable year ended Dec. 31, 2012. Since our inception, we have focused on acquiring, owning and actively managing a diversified portfolio of single-tenant, income-producing commercial properties – industrial, medical, service/necessity retail and office properties – throughout the United States that are subject to long-term net leases. As of Dec.15, 2021, we wholly owned, or had ownership interests in, 156 properties in 32 states that were 99.8% leased (based on our leasable square footage) to 68 tenants operating in 37 different industries. We generally target properties with purchase prices ranging from $5 million to $25 million, as we believe there is less competition from larger institutional investors that typically target larger properties.
Our senior management team has extensive net lease real estate and public and private REIT management experience. In November 2008, William P. Dioguardi, our Chairman and Chief Executive Officer, founded Four Springs Capital, L.L.C. (“FSC LLC”), an affiliated organization that before our formation was a sponsor of single-tenant net lease investment programs, all but one of which were acquired by us after our formation.
(Note: Four Springs Capital Trust postponed its IPO, which was expected to start trading on Thursday, Jan. 20, 2022; the delay was “due to market conditions” after the NASDAQ’s slide on Wednesday pulled the index into correction territory – down 10 percent from its most recent high.)
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| Industry: | REIT - Real Estate Investment Trust |
| Employees: | 21 |
| Founded: | 2012 |
| Contact Information | |
| Address | 1901 Main Street Lake Como, New Jersey 07719 |
| Phone Number | 877-449-8828 |
| Web Address | |
| View Prospectus: | Four Springs Capital Trust |
| Financial Information | |
| Market Cap | $576.38mil |
| Revenues | $100.35 mil (last 12 months) |
| Net Income | $-12.9 mil (last 12 months) |
| IPO Profile | |
| Symbol | FSPR |
| Exchange | NYSE |
| Shares (millions): | 18.0 |
| Price range | $13.00 - $15.00 |
| Est. $ Volume | $252.0 mil |
| Manager / Joint Managers | Morgan Stanley/ Goldman Sachs/ Wells Fargo Securities/ Mizuho Securities/ ScotiaBank/ Wolfe Nomura Alliance/ Berenberg |
| CO-Managers | R. Seelaus & Co. |
| Expected To Trade: | 1/20/2022 |
| Status: | Withdrawn |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |