secwatch.observer — SEC 8-K summary
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Issuer:     Four Corners Property Trust, Inc. (FCPT)
CIK:        0001650132
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0000950170-24-088646
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FCPT Q2 2024 rental revenue $58.5M (+10.8% YoY); FFO $0.41 per share, up $0.01
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- Net income $24.7M ($0.27 diluted EPS), flat YoY; FFO $0.41 diluted share (up $0.01 YoY).
- Acquired 17 properties for $45.5M at 7.2% initial cash yield; portfolio 99.6% occupied, 7.4 yr WALT.
- Rent collections at 99.8% for Q2; dividend declared $0.345/share (unchanged).
- Net debt to adjusted EBITDA 5.7x; liquidity $240M incl $223M undrawn revolver.
- Cash G&A 7.4% of cash rental income ($4.3M) vs 7.7% in Q2 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650132/000095017024088646/0000950170-24-088646-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650132/000095017024088646/fcpt-20240731.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-088646

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer