Earnings summaries and quarterly performance for Four Corners Property Trust.
Executive leadership at Four Corners Property Trust.
Board of directors at Four Corners Property Trust.
Research analysts who have asked questions during Four Corners Property Trust earnings calls.
AP
Anthony Paolone
JPMorgan Chase & Co.
7 questions for FCPT
Also covers: ALX, ARE, AVB +32 more
MG
Mitch Germain
Citizens JMP
6 questions for FCPT
Also covers: ADC, ALEX, BNL +17 more
Michael Goldsmith
UBS
5 questions for FCPT
Also covers: ADC, AHR, AMH +39 more
John Kilichowski
Wells Fargo & Company
4 questions for FCPT
Also covers: ADC, CTRE, EPR +17 more
Alec Feygin
Robert W. Baird & Co. Incorporated
3 questions for FCPT
Also covers: CTRE, GMRE, KIM +6 more
JK
James Kammert
Evercore ISI
3 questions for FCPT
Also covers: ADC, ARE, CHCT +6 more
Jason Wayne
Barclays
3 questions for FCPT
Also covers: AMH, ELS, INVH +3 more
Rich Hightower
Barclays
3 questions for FCPT
Also covers: ADC, AMH, APLE +25 more
WJ
William John Kilichowski
Wells Fargo
3 questions for FCPT
Also covers: ADC, CTRE, EPR +14 more
JK
Jim Kammert
Evercore
2 questions for FCPT
Also covers: ARE, DOC, NNN +3 more
WG
Wes Golladay
Baird
2 questions for FCPT
Also covers: AHR, CTRE, DOC +7 more
WG
Wesley Golladay
Robert W. Baird & Co.
2 questions for FCPT
Also covers: ADC, AHR, ARE +25 more
KG
Kathryn Graves
UBS
1 question for FCPT
Also covers: EPR, NTST, PINE +2 more
Kyle Katorincek
Janney Montgomery Scott
1 question for FCPT
Also covers: NXRT
RM
R.J. Milligan
Raymond James
1 question for FCPT
Also covers: ADC, CTO, GLPI +5 more
Sean Hostert
Net Lease Observer
1 question for FCPT
Recent press releases and 8-K filings for FCPT.
Four Corners Property Trust Reports Q4 2025 Financial Results and Strategic Acquisitions
FCPT
Earnings
Guidance Update
New Projects/Investments
- Four Corners Property Trust reported Q4 2025 AFFO per share of $0.45 and full-year AFFO of $1.78 per share, representing 2.9% growth over 2024.
- The company completed $95 million in net lease property acquisitions during Q4 2025 at a 7% blended cap rate, contributing to a total of $318 million for the full year 2025 at a 6.8% blended cap rate.
- FCPT maintains a strong balance sheet with net debt to adjusted EBITDA at 4.9 times and over $220 million in liquidity, positioning it for continued growth with economical long-term debt.
- The portfolio's diversification strategy continues, with 37% of rents now sourced outside casual dining, and recent expansion into new sectors such as grocery and equipment rental.
Feb 12, 2026, 5:00 PM
Four Corners Property Trust Reports Q4 and Full Year 2025 Results with Strong Acquisitions and Balance Sheet
FCPT
Earnings
New Projects/Investments
Debt Issuance
- Four Corners Property Trust (FCPT) reported Q4 2025 AFFO per share of $0.45 and full year AFFO of $1.78 per share, representing 2.9% growth over 2024.
- In Q4 2025, FCPT acquired $95 million of net lease properties at a 7% blended cap rate, contributing to $318 million in acquisitions for the full year 2025 at a 6.8% blended cap rate. This acquisition volume was a 20% increase from 2024.
- The company ended Q4 2025 with net debt to adjusted EBITDA at 4.9x (inclusive of outstanding net equity forwards) or 5.1x (excluding forward equity balance), which is at the bottom of its stated leverage range of 5-6x. FCPT has over $220 million in liquidity before reaching 5x leverage and 98% of its debt stack is fixed at a blended cash interest rate of 4%.
- FCPT's portfolio maintains zero exposure to problematic retail sectors and reported zero bad debt expense in 2020 and 2025. Diversification efforts have resulted in 37% of rents coming from outside casual dining, and the company expanded into new sectors like grocery and equipment rental with acquisitions in Q4 2025.
Feb 12, 2026, 5:00 PM
Four Corners Property Trust Reports Q4 2025 Financial Results and Acquisition Activity
FCPT
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Four Corners Property Trust reported Q4 2025 AFFO per share of $0.45 and full-year 2025 AFFO of $1.78 per share, reflecting 2.9% growth over 2024.
- The company completed $95 million in net lease property acquisitions during Q4 2025 at a 7% blended cap rate, contributing to a total of $318 million in acquisitions for the full year 2025 at a 6.8% blended cap rate.
- FCPT maintains a strong balance sheet with net debt to adjusted EBITDA at 4.9 times and over $220 million in liquidity, with no debt maturities until December 2026.
- The portfolio continues to diversify, with 37% of rents now from outside casual dining, and the company expects minimal impact from the Bahama Breeze brand shutdown due to anticipated conversions or re-tenanting of properties.
Feb 12, 2026, 5:00 PM
Four Corners Property Trust Reports Q4 and Full Year 2025 Results
FCPT
Earnings
New Projects/Investments
- Four Corners Property Trust (FCPT) achieved a 20% year-over-year growth in investment volume, acquiring $318 million in 2025 at a ~6.8% cap rate, with $95 million invested in Q4 2025 at a ~7.0% cap rate.
- The company maintained a conservative financial position, reporting leverage at 4.9x as of December 31, 2025, which is at the bottom of its 5-6x target range, and holds a fully undrawn $350 million revolver capacity.
- FCPT continued to diversify its portfolio, with Olive Garden and LongHorn Steakhouse now representing 32% and 9% of ABR, respectively, and non-restaurant exposure increasing to 26%.
- For Q4 2025, FFO per diluted share was $0.43 and AFFO per diluted share was $0.45.
Feb 12, 2026, 5:00 PM
Four Corners Property Trust Announces Strong Q4 and Full-Year 2025 Financial and Operating Results
FCPT
Earnings
New Projects/Investments
Dividends
- Four Corners Property Trust (FCPT) reported strong financial results for the fourth quarter and full-year ended December 31, 2025, with rental revenue increasing 11.6% over the prior year to $67.8 million in Q4 2025.
- For the full year 2025, AFFO per diluted share was $1.78 and net income attributable to common shareholders was $112.4 million, or $1.09 per diluted share.
- The company maintained high rent collection rates of 99.5% for Q4 2025 and 99.8% for the full year 2025, with its portfolio comprising 1,303 properties that were 99.6% occupied as of December 31, 2025.
- FCPT made significant investments in 2025, acquiring 105 properties for a combined purchase price of $317.9 million at an initial weighted average cash yield of 6.8%.
- FCPT ended 2025 with a strong financial position, including $367 million of available liquidity as of February 11, 2026, and a net debt to adjusted EBITDAre leverage ratio of 4.9x as of December 31, 2025, which is at the bottom of its target range.
Feb 11, 2026, 9:30 PM
FCPT Announces Fourth Quarter and Full Year 2025 Financial and Operating Results
FCPT
Earnings
Dividends
New Projects/Investments
- Four Corners Property Trust reported strong financial results for Q4 2025 and FY 2025, with rental revenue increasing 11.6% year-over-year to $67.8 million in Q4 2025, and AFFO per diluted share reaching $0.45 for Q4 2025 and $1.78 for the full year.
- The company invested a near-record $318 million across 105 properties in 2025, primarily funding acquisitions through equity issued at accretive pricing.
- FCPT maintained high rent collection rates of 99.5% for Q4 2025 and 99.8% for FY 2025, and declared a dividend of $0.3665 per common share for Q4 2025.
- As of December 31, 2025, FCPT had $402 million of available liquidity and a net debt to adjusted EBITDA_re ratio of 5.1x.
Feb 11, 2026, 9:05 PM
FCPT Announces Acquisition of Sprouts Property and 2025 Acquisition Volume
FCPT
M&A
New Projects/Investments
- Four Corners Property Trust (FCPT) acquired a Sprouts Farmers Market property for $8.6 million.
- The acquired property is located in Tennessee and is corporate-operated under a long-term net lease.
- Including this transaction, FCPT's total real estate acquisitions for 2025 reached 105 properties with a total investment of approximately $318 million.
Dec 30, 2025, 10:28 PM
FCPT Acquires Buffalo Wild Wings Property
FCPT
M&A
New Projects/Investments
- Four Corners Property Trust (FCPT) announced the acquisition of a Buffalo Wild Wings property for $2.8 million.
- The property, located in New Mexico, is corporate-operated under a long-term, triple net lease with approximately nine years of term remaining.
- The transaction was priced at a 6.8% cap rate on rent as of the closing date, exclusive of transaction costs.
Dec 30, 2025, 10:16 PM
FCPT Announces Multiple Late-2025 Acquisitions
FCPT
M&A
New Projects/Investments
- Four Corners Property Trust (FCPT) announced multiple late-2025 acquisitions, including an Applebee’s in California for $4.3 million at a 6.2% cap rate (7.4% including percentage rent), a Crash Champions in Ohio for $2.6 million at a 7.2% cap rate, and a newly constructed National Veterinary Associates property in Georgia for $4.4 million at a 6.7% cap rate.
- These deals are part of a broader expansion strategy that added roughly $11.6 million of properties in mid-December and follows $82 million of Q3 2025 acquisitions, diversifying FCPT’s portfolio across medical, auto service, quick-service, and casual-dining assets.
- Analysts have noted FCPT’s sizable $1.21 billion debt load and recent share weakness, with shares declining about 4.1% over the past three months, which could impact near-term financial flexibility despite the acquisition activity.
Dec 23, 2025, 1:08 AM
FCPT Provides Q3 2025 Investor Presentation
FCPT
Earnings
New Projects/Investments
- For Q3 2025, Four Corners Property Trust (FCPT) reported $0.45 AFFO per share and a highly occupied portfolio at 99.5% across 1,294 leases and 170 brands.
- The company has demonstrated significant growth and diversification since its 2015 inception, with annual base rent increasing from $94 million to $256 million and properties from 418 to 1,273 by Q3 2025. Non-restaurant exposure now stands at 25% of the portfolio.
- FCPT maintains a strong financial position, characterized by a 4.7x net debt to adjusted EBITDAre ratio and 97% fixed rate debt as of September 30, 2025. The company also has $446 million in available liquidity as of October 28, 2025, and holds investment-grade credit ratings of Baa3 (Moody's) and BBB (Fitch).
Dec 1, 2025, 9:10 PM
Quarterly earnings call transcripts for Four Corners Property Trust.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more