secwatch.observer — SEC 8-K summary
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Issuer:     Four Corners Property Trust, Inc. (FCPT)
CIK:        0001650132
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0000950170-25-061126
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FCPT Q1 rental revenue up 8.4% to $63.5M; acquires $56.5M in properties
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- Net income attributable to common shareholders $26.2M ($0.26 diluted EPS), vs $24.0M ($0.26) prior year.
- NAREIT FFO per diluted share flat at $0.41; AFFO per share $0.44, up $0.01 from Q1 2024.
- Acquired 23 properties for $56.5M at 6.7% initial cash yield; portfolio 99.4% occupied, 1,221 properties.
- Raised $149M via ATM at $28.30 avg price; net debt/EBITDA leverage 5.6x (4.4x including forward equity).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650132/000095017025061126/0000950170-25-061126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650132/000095017025061126/fcpt-20250430.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-061126

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