Highest-materiality recent filing
FCPT annual meeting: all directors re-elected, auditor ratified, say-on-pay approved
All eight incumbent directors re-elected for one-year terms; votes for ranged from 96.3M to 97.8M.
FCPT signs definitive agreement to acquire up to 102 veterinary properties for $268M
Purchase price up to $268M; initial cash rent ~$17.33M incl. contractual rent increases in Sep 2026.
FCPT Q1 AFFO $0.45 (+3.4% YoY), revenue $69.8M (+10%), new $200M term loan
Rental revenue $69.8M, +10% YoY; AFFO per share $0.45, +3.4% YoY; FFO $0.42, +4.7% YoY.
FCPT closes $200M seven-year delayed draw term loan; $50M drawn at closing
Facility: $200M senior unsecured delayed draw term loan; $50M funded on closing, $150M to fund acquisitions in late Q2/early Q3 2026.
FCPT appoints Michael Friedland (former JPM Vice Chair) to Board of Directors
Michael Friedland elected to FCPT Board effective April 1, 2026; prior JPM Vice Chair of Global Corporate Banking.
FCPT Q4 rental revenue up 11.6% to $67.8M; AFFO per share $0.45, up $0.01 YoY
Net income Q4 $29.4M ($0.28/diluted share) vs $26.2M ($0.27) YoY; full-year $112.4M ($1.09).
FCPT to present at London Investor Conference with no material new disclosures
Management will present a company overview at a December 2025 London investor conference.
FCPT enters indemnification agreements with independent directors under Maryland law
Agreements effective Nov 5, 2025 with each independent director.
Four Corners Property Trust enters $500M ATM equity distribution agreement, replaces prior program
New equity distribution agreement allows FCPT to sell up to $500M in common stock through multiple agents.
FCPT Q3 rental revenue up 12.2% to $66.5M; AFFO $0.45/dil share, up $0.02 YoY
Rental revenue $66.5M (+12.2% YoY); net income $28.8M ($0.28 diluted EPS).
FCPT updates tax discussion in S-3 prospectus; no material financial change
Filed July 31, 2025, supersedes prior U.S. federal income tax considerations section of 2022 prospectus.
FCPT Q2 rental revenue $64.8M (+10.7% YoY); AFFO $0.44 per share
Net income $27.9M ($0.28 diluted EPS) vs $24.7M ($0.27) in Q2 2024.
Four Corners Property Trust appoints Douglas Hansen as Chair, succeeding John Moody
Douglas Hansen elected Chair effective June 5, 2025; John Moody retired as Chair after 10 years of service.
FCPT Q1 rental revenue up 8.4% to $63.5M; acquires $56.5M in properties
Net income attributable to common shareholders $26.2M ($0.26 diluted EPS), vs $24.0M ($0.26) prior year.
FCPT files 8-K for investor presentation; no material details in excerpt
Investor presentation for March 2025 attached; no specific financial metrics or guidance disclosed in the provided excerpt.
Four Corners Property Trust Chair John S. Moody to step down; Douglas B. Hansen named successor
John S. Moody will not stand for re-election at the 2025 Annual Meeting; remains Chair until then.
FCPT Q4 revenue up 5.3% to $60.7M; AFFO per share +$0.01; dividend raised 2.9%
Q4 rental revenue $60.7M (+5.3% YoY); net income $26.2M ($0.27 diluted EPS), flat YoY on higher share count.
FCPT upsizes unsecured credit facility to $940M, extends maturities into 2029
Total facility increased from $765M to $940M: $350M revolver + $590M term loans.
FCPT Q3 rental revenue $59.3M (+3.7% YoY), AFFO per share $0.43, raises $224M equity
Rental revenue $59.3M, +3.7% YoY; net income $25.6M ($0.27 diluted EPS).
Four Corners Property Trust accelerates former CFO Morgan's termination to Sept 30, 2024
Former CFO Gerald R. Morgan's employment termination accelerated to Sept 30, 2024 (was Oct 31).
FCPT establishes $500M ATM equity program with forward sale option
Entered equity distribution agreement with 11 managers to sell up to $500M of common stock.
FCPT buys $66.4M Bloomin' portfolio, raises $148M equity via ATM, Darden now <50% of rent
Acquired 20 Outback and Carrabba's restaurants from Bloomin' Brands for $66.4M; cap rate accretive on day one.
FCPT Q2 2024 rental revenue $58.5M (+10.8% YoY); FFO $0.41 per share, up $0.01
Net income $24.7M ($0.27 diluted EPS), flat YoY; FFO $0.41 diluted share (up $0.01 YoY).
FCPT annual meeting elects all 8 director nominees, ratifies KPMG, approves advisory say-on-pay
All eight director nominees re-elected with 81.7M-83.1M votes each; broker non-votes ~3.6M.
Four Corners Property Trust appoints Patrick Wernig as CFO; base salary $420,000
Patrick Wernig promoted from Managing Director of Acquisitions to CFO and Treasurer effective May 3, 2024.
FCPT Q1 2024: rental revenue $58.6M (+12.3% YoY), FFO $0.41, AFFO $0.43
Rental revenue $58.6M (+12.3% YoY), net income $24.0M ($0.26 diluted EPS).
FCPT closes $85M term loan to refinance near-term debt and fund acquisitions
$85M term loan matures March 2027; one-year extension available.
Four Corners Property Trust CFO Gerald Morgan to retire; Patrick Wernig named successor
CFO Gerald Morgan retires effective May 3, 2024; will serve as Advisor ($50k/month) through Oct 31, then consultant ($8k/month) to Feb 28, 2026.
FCPT Q4 rental revenue up 15% to $57.6M; FFO $0.41, AFFO $0.43 per share
Rental revenue $57.6M (+15% YoY); net income $24.4M ($0.27 diluted) vs $22.9M a year ago.
FCPT Q3 rental revenue up 17.3% to $57.2M; FFO per share $0.41 (+$0.01 YoY)
Net income attributable to common shareholders $24.2M ($0.27 diluted) vs $24.5M ($0.30) in Q3 2022.
FCPT extends CEO, CFO, and COO employment agreements to April 30, 2024
CEO William H. Lenehan, CFO Gerald R. Morgan, and COO/GC James L. Brat had their employment agreements extended to April 30, 2024.
Rental revenue $52.8M (+10.3% YoY); net income $23.6M ($0.27 diluted EPS) vs $28.1M ($0.35) prior year.
FCPT closes $79.5M acquisition of 13 Darden restaurant properties; YTD volume $269.1M
Closed purchase of 12 Cheddar's Scratch Kitchen and 1 Olive Garden property for $79.5M, initial annual rent ~$5.0M.
FCPT stockholders reelect all directors and approve advisory proposals
All seven director nominees reelected; John S. Moody received 2.5M votes against (highest).
$100M senior unsecured notes due July 12, 2033, priced at 6.44% fixed.
Four Corners Property Trust removes exclusive forum provision from Bylaws
Board approved amendment removing Article XV (exclusive forum provision) from Bylaws on May 30, 2023.
FCPT agrees to acquire up to 14 Darden restaurant properties for $85M
Purchase price up to $85.0M; initial cash rent of ~$5.35M.
FCPT Q1 rental revenue up 11.3% to $52.2M; AFFO flat at $0.41
Net income $23.1M ($0.27 diluted EPS) vs $22.3M ($0.28) in Q1 2022.
FCPT appoints Barbara Jesuele to Board; amends bylaws with proxy and forum provisions
Barbara Jesuele, Deputy CIO of J. Paul Getty Trust, elected to Board effective March 9, 2023.
FCPT Q4 rental revenue up 10.2% to $50.1M; acquires 42 properties for $119.6M
Net income $22.9M ($0.27 diluted) vs $23.7M ($0.30) prior year; full-year net income $97.8M ($1.20).
FCPT promotes James Brat to COO from General Counsel/Chief Transaction Officer; grants $400K RSUs
James Brat appointed COO effective Jan 20, 2023; previously GC since 2015 and Chief Transaction Officer since 2020.
Four Corners Property Trust enters $450M at-the-market equity distribution program with 11 banks
Equity distribution agreement allows sale of up to $450M of common stock via agents or forward sale agreements.
FCPT Q3 2022: rental revenue $48.7M, AFFO $0.41/share, $69.9M in acquisitions
Rental revenue up 11.4% to $48.7M; net income $24.5M ($0.30 diluted) vs. $21.2M in Q3 2021.
FCPT upsizes unsecured credit facility to $680M, adds 2027/2028 term loans
Total facility size increased from $650M to $680M; added $90M term loan maturing 2027 and $90M term loan maturing 2028.
FCPT director Eric Hirschhorn resigns, receives accelerated vesting and pro-rata pay
Eric S. Hirschhorn resigned from the Board effective October 20, 2022, to focus on other business endeavors.
FCPT Q2 rental revenue up 13.6% to $47.9M; AFFO $0.41/share
Net income $28.1M ($0.35 diluted EPS); NAREIT FFO $0.40, AFFO $0.41 per diluted share.
Stockholders approve 1.5M share increase for omnibus incentive plan
All eight director nominees re-elected with >70M votes for each except Ogilvie who received 54M.
FCPT furnishes investor presentation for June 2022 with no new material data
Management will present an overview during upcoming investor meetings.
FCPT Q1 2022 rental revenue $46.9M (+12.9% YoY); FFO per share $0.40; Fitch upgrade to BBB
Net income $22.3M ($0.28 diluted EPS) vs $20.6M ($0.27) in Q1 2021.
FCPT Q4 AFFO per share up 10% YoY, revenue +13.5% to $45.5M
Net income attributable to common shareholders $23.7M ($0.30 diluted EPS) vs $20.3M ($0.27) in Q4 2020.
Effective June 5, 2025, the Company's Chair, John S. Moody, retired as Chair of the Board and Douglas B. Hansen assumed the position of the Company's Chair of the Board.
Effective June 5, 2025, the Company's Chair, John S. Moody, retired as Chair of the Board and Douglas B. Hansen assumed the position of the Company's Chair of the Board.
On March 6, 2025, the Board announced that Douglas B. Hansen, a current member of the Board, will become the Chair of the Board following Mr. Moody’s retirement contingent upon Mr Hansen's re-election to the Board at the 2025 Annual Meeting.
On March 6, 2025, John S. Moody, the non-executive Chair of the Board of Directors (the “Board”) of Four Corners Property Trust, Inc. (the “Company”), informed the Board that he will not stand for re-election to the Board at the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”).
Under the Amendment, Mr. Morgan’s employment will terminate on September 30, 2024 (rather than on October 31, 2024)
Mr. Wernig replaces Gerald R. Morgan as Chief Financial Officer.
On May 3, 2024, Four Corners Property Trust, Inc. (the “Company”) announced the appointment of Patrick Wernig, age 36, as Chief Financial Officer and Treasurer of the Company.
Gerald R. Morgan, the Chief Financial Officer of the Company, will retire from employment with the Company as the Chief Financial Officer effective as of May 3, 2024
subject to his appointment by the Company’s Board of Directors, Patrick L. Wernig, the Company’s current Managing Director of Acquisitions, will be appointed as the Company’s Chief Financial Officer on or about the Effective Date
On March 10, 2023, Four Corners Property Trust, Inc. (the “Company”) announced that the Board of Directors of the Company (the “Board”) elected Barbara Jesuele, aged 48, as a member of the Board, effective March 9, 2023.
On January 23, 2023, Four Corners Property Trust, Inc. (the “Company”) announced the promotion of James Brat from General Counsel and Chief Transaction Officer to Chief Operating Officer ("COO"), effective January 20, 2023.
On October 20, 2022, Eric S. Hirschhorn informed the Board of Directors (the “Board”) of Four Corners Property Trust, Inc. (the “Company”) of his resignation from the Board and any committees thereof effective immediately.
Max materiality 0.75 · Median 0.60 · Most common event earnings