earnings
confidence high
sentiment neutral
materiality 0.55
FCPT Q3 rental revenue $59.3M (+3.7% YoY), AFFO per share $0.43, raises $224M equity
Four Corners Property Trust, Inc.
2024-Q3 EPS reported
$0.80
revenue$199,737,000
- Rental revenue $59.3M, +3.7% YoY; net income $25.6M ($0.27 diluted EPS).
- AFFO per diluted share $0.43 (+$0.01 YoY); NAREIT FFO per share $0.41 flat.
- Acquired 21 properties for $70.7M at 7.2% cash yield during Q3.
- Sold 8.2M shares via ATM since July for $224.1M gross; liquidity $393M.
- Portfolio 1,153 properties, 99.6% occupied, WALT 7.3 years; dividend $0.345/share.