FCPT Q2 rental revenue up 8% to $70M; record $268M acquisition; credit facility upsized to $1.15B

Four Corners Property Trust, Inc.

Q2 rental revenue $70.0M (+8.0% YoY); net income $30.0M ($0.27 diluted EPS).
AFFO per diluted share $0.45 (+1.4% YoY); FFO per share $0.42 (flat).
Acquired 23 properties for $57.2M in Q2; in July closed record $268M Mission Pet Health portfolio (102 buildings).
Refinanced and upsized credit facility to $1.15B; new $400M term loan at SOFR+0.90%; leverage 5.2x net debt/EBITDAre.
Transitioned to monthly dividends; declared $0.1222/share for July, Aug, Sep (from $0.3665 quarterly).

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