---
schema_version: "secwatch.filing_event.v1"
accession: "0001650132-22-000043"
form_type: "8-K"
ticker: "FCPT"
cik: "0001650132"
company_name: "Four Corners Property Trust, Inc."
filed_at: "2022-04-26T23:59:59+00:00"
generated_at: "2026-06-26T04:41:01.345531+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FCPT Q1 2022 rental revenue $46.9M (+12.9% YoY); FFO per share $0.40; Fitch upgrade to BBB

## Summary
- Net income $22.3M ($0.28 diluted EPS) vs $20.6M ($0.27) in Q1 2021.
- NAREIT FFO per dilute share $0.40; AFFO per dilute share $0.41, both up $0.03 YoY.
- Acquired 18 properties for $42.0M at 6.7% initial cash yield; portfolio 99.9% occupied.
- Raised ~$61M via ATM forward sale (2.236M shares at $27.28); issued $125M notes at 3.10%.
- Fitch upgraded FCPT to BBB (stable outlook); net debt/EBITDAre 5.7x; dividend $0.3325/share.

## SEC filing metadata
- accession: 0001650132-22-000043
- form_type: 8-K
- ticker: FCPT
- cik: 0001650132
- company_name: Four Corners Property Trust, Inc.
- filed_at: 2022-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650132/000165013222000043/0001650132-22-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650132/000165013222000043/fcpt-20220426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650132-22-000043
- JSON: https://secwatch.observer/filing/0001650132-22-000043.json
- Plain text: https://secwatch.observer/filing/0001650132-22-000043.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.