FCPT Q3 rental revenue up 17.3% to $57.2M; FFO per share $0.41 (+$0.01 YoY)

Four Corners Property Trust, Inc.

2023-Q3 EPS reported $0.80 revenue$185,463,000

Net income attributable to common shareholders $24.2M ($0.27 diluted) vs $24.5M ($0.30) in Q3 2022.
Acquired 31 properties for $130.2M at 6.4% initial cash yield; sold 2 for $11.2M.
Portfolio 99.8% occupied; weighted avg lease term 8.0 years across 1,106 properties.
Dividend declared $0.34 per share; liquidity $237M; net debt/EBITDAre 5.6x.
AFFO per share $0.42, up $0.01 YoY; NAREIT FFO per share $0.41, up $0.01.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Four Corners Property Trust, Inc. reported the quarter ended September 30, 2023 results: revenue $57.2 million, net income $24.2 million, EPS $0.27 per diluted share.

Period: the quarter ended September 30, 2023
Revenue: $57.2 million
Net income: $24.2 million
EPS: $0.27 per diluted share
Result: reported results

Exact text from the filing

30, 2023. Financial Results Rental Revenue and Net Income Attributable to Common Shareholders • Rental revenue for the third quarter increased 17.3% over the prior year to $57.2 million. Rental revenue consisted of $56.1 million in cash rents and $1.2 million of straight-line and other non-cash rent adjustments. • Net income attributable to common shareholders

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Four Corners Property Trust, Inc. reported the nine months ended September 30, 2023 results: net income $70.9 million, EPS $0.80 per diluted share.

Period: the nine months ended September 30, 2023
Net income: $70.9 million
EPS: $0.80 per diluted share
Result: reported results

Exact text from the filing

Net income attributable to common shareholders was $70.9 million for the nine months ended September 30, 2023, or $0.80 per diluted share.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

Four Corners Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001650132-23-000141

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