earnings
confidence high
sentiment positive
materiality 0.75
FCPT Q4 AFFO per share up 10% YoY, revenue +13.5% to $45.5M
Four Corners Property Trust, Inc.
2021-FY EPS reported
$1.11
revenue$199,378,000
- Net income attributable to common shareholders $23.7M ($0.30 diluted EPS) vs $20.3M ($0.27) in Q4 2020.
- AFFO per diluted share $0.41 vs $0.37 in prior-year quarter; full-year AFFO $1.56, up $0.12 or 8%.
- Acquired 33 properties for $70.5M at 6.4% initial cash yield; portfolio now 919 properties, 99.9% occupied.
- Raised $86.1M via ATM at $28.36/share and agreed to $125M in private notes at ~3.1% to fund growth.
- Dividend raised 4.7% sequentially to $0.3325 per share; rent collection 99.8% for Q4.