secwatch.observer — SEC 8-K summary
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Issuer:     Four Corners Property Trust, Inc. (FCPT)
CIK:        0001650132
Form:       8-K
Filed at:   2022-07-26T23:59:59+00:00
Accession:  0001650132-22-000091
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FCPT Q2 rental revenue up 13.6% to $47.9M; AFFO $0.41/share
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- Net income $28.1M ($0.35 diluted EPS); NAREIT FFO $0.40, AFFO $0.41 per diluted share.
- Acquired 26 properties for $54.0M at 6.4% initial cash yield; sold 3 properties for $12.8M.
- Rent collections 99.9%; portfolio 99.9% occupied; weighted avg lease term 8.8 years.
- Received Moody's Baa3 investment grade rating; saves >$1M annual interest expense.
- Leverage 5.7x net debt/EBITDAre; $267.7M liquidity including $250M undrawn revolver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650132/000165013222000091/0001650132-22-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650132/000165013222000091/fcpt-20220726.htm
  HTML page:      https://secwatch.observer/filing/0001650132-22-000091

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