FCPT Q4 rental revenue up 15% to $57.6M; FFO $0.41, AFFO $0.43 per share

Four Corners Property Trust, Inc.

2023-FY EPS reported $1.07 revenue$250,606,000

Rental revenue $57.6M (+15% YoY); net income $24.4M ($0.27 diluted) vs $22.9M a year ago.
NAREIT FFO per share $0.41 (up $0.01 YoY); AFFO per share $0.43 (up $0.02 YoY).
Acquired 6 properties for $12.8M at 7.4% initial cash yield; sold 1 property for $3.8M.
Portfolio 99.8% occupied, 7.8-year avg lease term; net debt/EBITDAre leverage 5.5x.
Q4 dividend $0.345/share; raised $25.2M via ATM at avg $25.34/share.

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 and twelve months ended December 31, 2023 results: revenue $57.6 million, net income $24.4 million, EPS $0.27 per diluted share.

Period: the quarter and twelve months ended December 31, 2023
Revenue: $57.6 million
Net income: $24.4 million
EPS: $0.27 per diluted share
Result: reported results

Exact text from the filing

31, 2023. Financial Results Rental Revenue and Net Income Attributable to Common Shareholders • Rental revenue for the fourth quarter increased 15.0% over the prior year to $57.6 million. Rental revenue consisted of $57.0 million in cash rents and $0.6 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 twelve months ended December 31, 2023 results: net income $95.3 million, EPS $1.07 per diluted share.

Period: the twelve months ended December 31, 2023
Net income: $95.3 million
EPS: $1.07 per diluted share
Result: reported results

Exact text from the filing

Net income attributable to common shareholders was $95.3 million for the twelve months ended December 31, 2023, or $1.07 per diluted share.

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Four Corners Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001650132-24-000040

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