secwatch.observer — SEC 8-K summary
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Issuer:     Four Corners Property Trust, Inc. (FCPT)
CIK:        0001650132
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001193125-26-192152
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FCPT Q1 AFFO $0.45 (+3.4% YoY), revenue $69.8M (+10%), new $200M term loan
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650132/000119312526192152/0001193125-26-192152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650132/000119312526192152/fcpt-20260429.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-192152

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