secwatch.observer — SEC 8-K summary
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Issuer:     Four Corners Property Trust, Inc. (FCPT)
CIK:        0001650132
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001650132-24-000075
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650132/000165013224000075/0001650132-24-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650132/000165013224000075/fcpt-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001650132-24-000075

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