secwatch.observer — SEC 8-K summary
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Issuer:     Four Corners Property Trust, Inc. (FCPT)
CIK:        0001650132
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001650132-24-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650132/000165013224000040/0001650132-24-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650132/000165013224000040/fcpt-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001650132-24-000040

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