secwatch.observer — SEC 8-K summary
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Issuer:     Four Corners Property Trust, Inc. (FCPT)
CIK:        0001650132
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001650132-22-000125
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FCPT Q3 2022: rental revenue $48.7M, AFFO $0.41/share, $69.9M in acquisitions
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- Rental revenue up 11.4% to $48.7M; net income $24.5M ($0.30 diluted) vs. $21.2M in Q3 2021.
- NAREIT FFO per diluted share $0.40, AFFO per share $0.41, both up $0.01 and $0.02 YoY respectively.
- Acquired 26 properties for $69.9M at 6.3% initial cash yield; sold 4 for $8.6M with $1.8M gain.
- Raised $78.9M equity via ATM at $28.09 avg.; $358M liquidity including $71M from forward sales.
- Dividend declared $0.3325 per share; portfolio 99.9% occupied with 8.6-year avg. lease term.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650132/000165013222000125/0001650132-22-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650132/000165013222000125/fcpt-20221101.htm
  HTML page:      https://secwatch.observer/filing/0001650132-22-000125

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