I hold for the dividend. I bought a significant dollop of these 6 months ago when the share price was around 5% lower than currently. In that time, any upwards swings in share price seem to be driven mainly from an increasing premium rather than a growing NAV.
Not sure there will be much capital growth in these for c12-18 months. Sadly, the income squeeze pushing up all dividend paying assets means that FCPT isn't as safe an investment as it used to be. But then if you are looking for income, I'm not sure if there are any relatively safe assets out there at the moment.
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