earnings
confidence high
sentiment positive
materiality 0.65
FCPT Q4 revenue up 5.3% to $60.7M; AFFO per share +$0.01; dividend raised 2.9%
Four Corners Property Trust, Inc.
2024-FY EPS reported
$1.07
revenue$268,073,000
- Q4 rental revenue $60.7M (+5.3% YoY); net income $26.2M ($0.27 diluted EPS), flat YoY on higher share count.
- AFFO per diluted share $0.44 (+$0.01 YoY); full-year AFFO $1.73 (+$0.06).
- Dividend increased 2.9% to $0.3550 per share for Q4 2024.
- Acquired 45 properties for $132.5M at 7.0% cash yield in Q4; full-year acquisitions $264.6M at 7.1% yield.
- Post-quarter refinancing: revolver upsized to $350M, new $225M term loan, total facility $940M with 2029 maturities.