---
schema_version: "secwatch.filing_event.v1"
accession: "0001650132-23-000112"
form_type: "8-K"
ticker: "FCPT"
cik: "0001650132"
company_name: "Four Corners Property Trust, Inc."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T18:26:25.229464+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FCPT Q2 rental revenue +10.3% to $52.8M; AFFO per share +$0.01 to $0.42; record $301M YTD acquisitions

## Summary
- Rental revenue $52.8M (+10.3% YoY); net income $23.6M ($0.27 diluted EPS) vs $28.1M ($0.35) prior year.
- NAREIT FFO per diluted share $0.40 (flat YoY); AFFO per diluted share $0.42 (+$0.01 YoY).
- Q2 acquired 48 properties for $169.7M at 6.85% initial cash yield; July added $110M, YTD total $301M, surpassing prior record full year.
- Portfolio 99.9% occupied with 8.1-year WALT; rent collections at 99.7% for Q2.
- Issued $100M 10-yr unsecured notes at 6.44%; net debt to adjusted EBITDAre 5.5x; Q2 dividend $0.34 per share.

## SEC filing metadata
- accession: 0001650132-23-000112
- form_type: 8-K
- ticker: FCPT
- cik: 0001650132
- company_name: Four Corners Property Trust, Inc.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650132/000165013223000112/0001650132-23-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650132/000165013223000112/fcpt-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650132-23-000112
- JSON: https://secwatch.observer/filing/0001650132-23-000112.json
- Plain text: https://secwatch.observer/filing/0001650132-23-000112.txt

## Key facts
- Earnings Releases
  Four Corners Property Trust, Inc. reported the six months ended June 30, 2023 results: net income $46.7 million, EPS $0.54 per diluted share.
  - Period: the six months ended June 30, 2023
  - Net income: $46.7 million
  - EPS: $0.54 per diluted share
  - Result: reported results
  source text: Net income attributable to common shareholders was $46.7 million for the six months ended June 30, 2023, or $0.54 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650132/000165013223000112/0001650132-23-000112-index.htm
- Earnings Releases
  Four Corners Property Trust, Inc. reported the three months ended June 30, 2023 results: revenue $52.8 million, net income $23.6 million, EPS $0.27 per diluted share.
  - Period: the three months ended June 30, 2023
  - Revenue: $52.8 million
  - Net income: $23.6 million
  - EPS: $0.27 per diluted share
  - Result: reported results
  source text: Rental revenue for the second quarter increased 10.3% over the prior year to $52.8 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650132/000165013223000112/0001650132-23-000112-index.htm

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