Quarterly ResultApr 30, 2026, 04:44 PM
FCPT Q1 Net Income +16% to $30.3M; EPS $0.28; Revenue +9.4%
AI Summary
Four Corners Property Trust, Inc. reported a strong first quarter for 2026, with net income available to common shareholders increasing by 16% to $30.3 million and diluted EPS rising to $0.28. Total revenues grew by 9.4% to $78.2 million, driven by increases in both rental and restaurant revenues. The company also declared a higher dividend of $0.3665 per common share, while cash and cash equivalents significantly increased.
Key Highlights
- Net Income Available to Common Shareholders increased 16% to $30.3 million.
- Diluted EPS rose 7.7% to $0.28.
- Total revenues grew 9.4% to $78.2 million.
- Rental revenue increased 10% to $69.8 million.
- Dividends declared per common share increased 3.2% to $0.3665.
- Cash and cash equivalents increased to $29.6 million from $12.1 million.
- Purchases of real estate investments were $26.8 million, down from $57.8 million.
- Proceeds from ATM equity issuance, net, were $39.1 million.
Price Impact
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