secwatch.observer — SEC 8-K summary
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Issuer:     Four Corners Property Trust, Inc. (FCPT)
CIK:        0001650132
Form:       8-K
Filed at:   2022-02-16T23:59:59+00:00
Accession:  0001650132-22-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FCPT Q4 AFFO per share up 10% YoY, revenue +13.5% to $45.5M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650132/000165013222000021/0001650132-22-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650132/000165013222000021/fcpt-20220216.htm
  HTML page:      https://secwatch.observer/filing/0001650132-22-000021

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