---
schema_version: "secwatch.filing_event.v1"
accession: "0001650132-23-000070"
form_type: "8-K"
ticker: "FCPT"
cik: "0001650132"
company_name: "Four Corners Property Trust, Inc."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:05:58.580610+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FCPT Q1 rental revenue up 11.3% to $52.2M; AFFO flat at $0.41

## Summary
- Net income $23.1M ($0.27 diluted EPS) vs $22.3M ($0.28) in Q1 2022.
- NAREIT FFO per share $0.39 (-$0.01 YoY); AFFO per share $0.41 (flat).
- Acquired 10 properties for $19.9M at 6.9% initial yield; sold 3 for $12.1M.
- Raised $52.1M via ATM forward at avg $27.73; liquidity $392M.
- Rent collection 99.9%; portfolio 99.9% occupied with 8.0yr WALT.

## SEC filing metadata
- accession: 0001650132-23-000070
- form_type: 8-K
- ticker: FCPT
- cik: 0001650132
- company_name: Four Corners Property Trust, Inc.
- filed_at: 2023-05-01T23:59:59+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/1650132/000165013223000070/0001650132-23-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650132/000165013223000070/fcpt-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650132-23-000070
- JSON: https://secwatch.observer/filing/0001650132-23-000070.json
- Plain text: https://secwatch.observer/filing/0001650132-23-000070.txt

## Key facts
- Earnings Releases
  Four Corners Property Trust, Inc. reported the three months ended March 31, 2023 results: revenue $52.2 million, net income $23.1 million, EPS $0.27 per diluted share.
  - Period: the three months ended March 31, 2023
  - Revenue: $52.2 million
  - Net income: $23.1 million
  - EPS: $0.27 per diluted share
  - Result: reported results
  source text: March 31, 2023. Financial Results Rental Revenue and Net Income Attributable to Common Shareholders • Rental revenue for the first quarter increased 11.3% over the prior year to $52.2 million. Rental revenue consisted of $51.4 million in cash rents and $0.8 million of straight-line and other non-cash rent adjustments. • Net income attributable to common shareholders
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650132/000165013223000070/0001650132-23-000070-index.htm

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