Observer Lite: 3/21/2025

Citizens (raising) cane
Citizens Bank’s recent Restaurant Industry Insights provided a myriad of topics for investors in restaurant net lease to digest. Consumer spending on food outside the home continued to grow in 2024, albeit at a much more moderate pace as “over the past 16 months, the inflation rate for food-away-from-home (FAFH) has consistently exceeded that of food-at-home (FAH) by more than 300 basis points. This persistent gap underscores the pressure on restaurants to balance pricing power with perceived value to maintain competitiveness and customer traffic.”

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