This will be Quick: Like Fast Food

Yesterday I bought shares of FCPT for both Cindie’s ROTH IRA and my traditional IRA using a buy limit order. I have not owned shares in this REIT until now. However, I do like REITs that have a rational payout ratio. FCPT fits my criteria. Please note that this REIT is not without risks.

Image created from FCPT Web Site

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.

  • Cindie’s Trades 03/22/2021
  • Wayne’s Trades 03/22/2021

FCPT DIVIDENDS

Here are the Seeking Alpha screens that are part of my investment analysis for this investment:

  • FCPT Dividend History 3 years
  • FCPT Dividend Scorecard

YTD COVERED CALLS UPDATE

This has been a wonderful year for selling covered calls on my profitable and speculative position. Including yesterday’s covered call sales, I have received $6,599 in income from this tactic. Last week only three of my 20 covered call sales were called away. That means I can rerun the same process for the other 17 if I want to. To put this in perspective, my YTD monthly income, for three months, has been $2,200 per month. That is more than my monthly social security income. Here is a list of the trades from yesterday’s sales.

Covered Call Income for March 22, 2021

CINDIE COVERED CALLS

Cindie’s ROTH IRA has now been approved for the sale of covered calls. I will go slow with her trades, but there are some good candidates in her ROTH IRA for this strategy as well.

Full Disclosure

Cindie and I own 150 shares of FCPT as a long-term investment. This is one of our smaller holdings.