---
schema_version: "secwatch.filing_event.v1"
accession: "0001650132-23-000035"
form_type: "8-K"
ticker: "FCPT"
cik: "0001650132"
company_name: "Four Corners Property Trust, Inc."
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T11:30:13.177097+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FCPT Q4 rental revenue up 10.2% to $50.1M; acquires 42 properties for $119.6M

## Summary
- Net income $22.9M ($0.27 diluted) vs $23.7M ($0.30) prior year; full-year net income $97.8M ($1.20).
- AFFO per diluted share Q4 $0.41 flat YoY; full-year $1.64 up $0.08. Portfolio 99.9% occupied, 8.3 yr WALT.
- Acquired 42 properties at $119.6M (6.6% initial yield); sold one property for $4.9M gain.
- Raised $72M via ATM equity (2.74M shares at $26.70 avg) and $30M incremental debt; liquidity $344M.
- Declared Q4 dividend of $0.34 per share; leverage 5.6x net debt/EBITDAre.

## SEC filing metadata
- accession: 0001650132-23-000035
- form_type: 8-K
- ticker: FCPT
- cik: 0001650132
- company_name: Four Corners Property Trust, Inc.
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650132/000165013223000035/0001650132-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650132/000165013223000035/fcpt-20230215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650132-23-000035
- JSON: https://secwatch.observer/filing/0001650132-23-000035.json
- Plain text: https://secwatch.observer/filing/0001650132-23-000035.txt

## Key facts
- Earnings Releases
  Four Corners Property Trust, Inc. reported three months and year ended December 31, 2022 results: revenue Rental revenue for the fourth quarter increased 10.2% over the prior year to $50.1 million., net income Net income attributable to common shareholders was $22.9 million for the fourth quarter, or $0.27 per diluted share., EPS $0.27 per diluted share.
  - Period: three months and year ended December 31, 2022
  - Revenue: Rental revenue for the fourth quarter increased 10.2% over the prior year to $50.1 million.
  - Net income: Net income attributable to common shareholders was $22.9 million for the fourth quarter, or $0.27 per diluted share.
  - EPS: $0.27 per diluted share
  - Result: reported results
  source text: 99.9% for the year ending December 31, 2022. Financial Results Rental Revenue and Net Income Attributable to Common Shareholders • Rental revenue for the fourth quarter increased 10.2% over the prior year to $50.1 million. Rental revenue consisted of $49.2 million in cash rents and $0.9 million of straight-line and other non-cash rent adjustments. • Net income
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650132/000165013223000035/0001650132-23-000035-index.htm

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