secwatch.observer — SEC 8-K summary
======================================

Issuer:     Four Corners Property Trust, Inc. (FCPT)
CIK:        0001650132
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0001650132-23-000070
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650132/000165013223000070/0001650132-23-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650132/000165013223000070/fcpt-20230501.htm
  HTML page:      https://secwatch.observer/filing/0001650132-23-000070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer