earnings
confidence high
sentiment positive
materiality 0.75
FCPT Q1 AFFO $0.45 (+3.4% YoY), revenue $69.8M (+10%), new $200M term loan
Four Corners Property Trust, Inc.
2026-Q1 EPS reported
$0.28
revenue$78,166,000
- Rental revenue $69.8M, +10% YoY; AFFO per share $0.45, +3.4% YoY; FFO $0.42, +4.7% YoY.
- Net income attributable to common shareholders $30.3M ($0.28 diluted EPS) vs $26.2M ($0.26) prior year.
- Acquired 10 properties for $26.2M at 6.8% initial cash yield; portfolio 99.6% occupied, 1,313 properties.
- New $200M senior unsecured delayed draw term loan (7-yr, SOFR+1.25%); $50M drawn, remaining to fund pipeline.
- Dividend maintained at $0.3665/share; leverage 5.0x net debt/EBITDA; liquidity ~$380M.
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