In the announcement of CST's plans for new real estate venture, Kim Lubel, Chairman, Chief Executive Officer and President of CST Brands, Inc. (NYSE:CST) said, "We are pleased to announce the Board's approval of a plan to pursue a real estate venture to enhance value for our stockholders. While there is more work ahead to complete the transaction, we expect the real estate venture to significantly lower CST's cost of capital and provide an attractive financial platform to accelerate new store growth, help fund future acquisitions and potentially purchase existing real estate from CST and CrossAmerica Partners LP (NYSE:CAPL) as well." CST has retained RBC Capital Markets LLC in connection with potential transaction. In addition, company expects that the new venture will enhance the company's store portfolio through strategic acquisitions in attractive markets and disposals of select non-core legacy locations.
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5-day change | 1st Jan Change | ||
19.69 USD | 0.00% |
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-0.15% | -13.64% |
05-09 | Transcript : CrossAmerica Partners LP, Q1 2024 Earnings Call, May 09, 2024 | |
05-08 | Earnings Flash (CAPL) CROSSAMERICA PARTNERS Reports Q1 Revenue $941.5M, vs. Street Est of $1.17B | MT |
![Consensus](/images/consensus_flch.gif)
EPS Revisions
1st Jan change | Capi. | |
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-13.64% | 749M | |
-9.95% | 4.08B | |
-22.80% | 3.59B | |
-10.32% | 3.42B | |
+23.40% | 3.23B | |
+24.09% | 3.19B | |
+2.03% | 1.84B | |
+15.67% | 1.58B | |
+17.57% | 1.13B | |
+0.91% | 1.09B |
- Stock Market
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- CAPL Stock
- News CrossAmerica Partners LP
- CST's New Venture To Purchase Real Estate From CST And CrossAmerica, Dispose Non-Core Locations