FCPT Q1 2024: rental revenue $58.6M (+12.3% YoY), FFO $0.41, AFFO $0.43

Four Corners Property Trust, Inc.

2024-Q1 EPS reported $0.26 revenue$66,467,000

Rental revenue $58.6M (+12.3% YoY), net income $24.0M ($0.26 diluted EPS).
NAREIT FFO $0.41/diluted share, AFFO $0.43/diluted share, both up $0.02 YoY.
Acquired 4 properties for $15.9M at 6.9% cash yield; issued $85M term loan at 4.89%.
Portfolio: 1,115 properties, 99.6% occupied, 7.6-year avg lease term, 99.7% rent collected.
Dividend $0.345/share; liquidity $277M incl. $250M undrawn revolver; no maturities until Nov 2025.

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 0.95

Four Corners Property Trust, Inc. reported the three months ended March 31, 2024 results: revenue $58.6 million, net income $24.0 million, EPS $0.26 per diluted share.

Period: the three months ended March 31, 2024
Revenue: $58.6 million
Net income: $24.0 million
EPS: $0.26 per diluted share
Result: reported results

Exact text from the filing

March 31, 2023. Financial Results Rental Revenue and Net Income Attributable to Common Shareholders • Rental revenue for the first quarter increased 12.3% over the prior year to $58.6 million. Rental revenue consisted of $58.0 million in cash rents and $0.6 million of straight-line and other non-cash rent adjustments. • Net income attributable to common shareholders

View on SEC.gov

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

Four Corners Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001650132-24-000075

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.