secwatch.observer — SEC 8-K summary
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Issuer:     Four Corners Property Trust, Inc. (FCPT)
CIK:        0001650132
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001650132-23-000035
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650132/000165013223000035/0001650132-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650132/000165013223000035/fcpt-20230215.htm
  HTML page:      https://secwatch.observer/filing/0001650132-23-000035

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