secwatch.observer — SEC 8-K summary
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Issuer:     Four Corners Property Trust, Inc. (FCPT)
CIK:        0001650132
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001650132-23-000141
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650132/000165013223000141/0001650132-23-000141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650132/000165013223000141/fcpt-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001650132-23-000141

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