secwatch.observer — SEC 8-K summary
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Issuer:     Four Corners Property Trust, Inc. (FCPT)
CIK:        0001650132
Form:       8-K
Filed at:   2022-04-26T23:59:59+00:00
Accession:  0001650132-22-000043
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 2022 rental revenue $46.9M (+12.9% YoY); FFO per share $0.40; Fitch upgrade to BBB
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650132/000165013222000043/0001650132-22-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650132/000165013222000043/fcpt-20220426.htm
  HTML page:      https://secwatch.observer/filing/0001650132-22-000043

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