Four Springs Capital Trust

General Information

(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.)
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:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change