Four Springs Capital Trust Announces the Postponement of its Initial Public Offering
Four Springs Capital Trust (the "Company"), a REIT focused on owning and actively managing a portfolio of single-tenant, income producing properties throughout the United States that are subject to long-term net leases, announced today that the Company is postponing its initial public offering due to market conditions.
About Four Springs Capital Trust
Four Springs Capital Trust is 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, Four Springs Capital Trust wholly owned, or had ownership interests in, 156 properties located in 32 states that were 99.8% leased (based on its leasable square footage) to 68 tenants operating in 37 different industries.
Forward-Looking Statements
Certain statements contained in this press release, including statements relating to Four Springs Capital Trust's expectations regarding the completion and timing of its proposed public offering and listing, may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In particular, statements pertaining to Four Springs Capital Trust's business and growth strategies, investment and leasing activities and trends in its business, including trends in the market for long-term, net leases of freestanding, single-tenant properties contain forward-looking statements. Four Springs Capital Trust intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Four Springs Capital Trust's use of forward-looking terminology such as "estimate," "anticipate," "expect," "believe," "intend," "may," "will," "should," "seek," "approximately" or "plan," or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Discussions of strategy, plans or intentions of management can also be identified as forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of Four Springs Capital Trust's performance in future periods. Except as required by law, Four Springs Capital Trust does not undertake any obligation to update or revise any forward-looking statements contained in this release.
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