Inferra AI / Company / FCPT
Four Corners Property Trust, Inc.
FCPT · Real Estate
Last earnings Oct 28, 2026
Key results
Rental revenuequarter
12.2%
Financial Results Rental Revenue and Net Income Attributable to Common Shareholders • Rental revenue for the third quarter increased 12.2% over the prior year to $66.5 million.
SEC original ↗Four Corners Property Trust, Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Rental revenue consisted of $66.1 million in cash rents and $0.4 million of straight-line and other non-cash rent adjustments.
SEC original ↗Four Corners Property Trust, Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Net incomequarter
$28.8 million
• Net income attributable to common shareholders was $28.8 million for the third quarter, or $0.28 per diluted share.
SEC original ↗Four Corners Property Trust, Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
These results compare to net income attributable to common shareholders of $25.6 million for the same quarter in the prior year, or $0.27 per diluted share.
SEC original ↗Four Corners Property Trust, Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Net incomeytd
$82.9 million
• Net income attributable to common shareholders was $82.9 million for the nine months ended September 30, 2025, or $0.81 per diluted share.
SEC original ↗Four Corners Property Trust, Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
These results compare to net income attributed to common shareholders of $74.3 million for the same nine-month period in 2024, or $0.80 per diluted share.
SEC original ↗Four Corners Property Trust, Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
ADJUSTED EBITDARE RENTAL revenuequarter
0.95%
Q3 2025 GLOSSARY AND NON-GAAP DEFINITIONS Q3 2025 RECONCILIATION SCHEDULES RECONCILIATION OF NET INCOME TO ADJUSTED EBITDARE RENTAL REVENUE AND PROPERTY EXPENSE DETAIL Q3 2025 PAGE 6 FFO & AFFO RECONCILIATION Amount represents non-cash deferred income tax (benefit) expense recognized at the Kerrow Restaurant Business Assumes the issuance of common shares for OP units held by non-controlling interest PAGE 9 DEBT SUMMARY Borrowings under the term loans accrue interest at a rate of daily SOFR plus a 0.95%-1.00% credit spread.
SEC original ↗Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 28, 2025
AI analysis
Q3 2025 · reported Oct 28, 2025
Based on: Earnings release + Q3 2025 deck + parent 8-K — transcript not held
Headline figures
| Metric | Q3 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Rental revenue | 12.2% | — | — |
| Net income | $28.8 million | — | — |
| ADJUSTED EBITDARE RENTAL revenue | 0.95% | — | — |
Guidance · company-stated
No guidance located in the held release
Capital allocation
Dividends • FCPT declared a dividend of $0.3550 per common share for the third quarter of 2025.
Event summary
FCPT Announces Third Quarter 2025 Financial and Operating Results MILL VALLEY, CA – October 28, 2025 / Business Wire – Four Corners Property
Based on: Earnings release + Q3 2025 deck + parent 8-K — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
Dividends • FCPT declared a dividend of $0.3550 per common share for the third quarter of 2025.
SEC original ↗Four Corners Property Trust, Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Liquidity and Capital Markets Liquidity • On September 30, 2025, FCPT had approximately $490 million of available liquidity including $7 million of cash and cash equivalents, anticipated net proceeds of approximately $144 million under existing forward sale agreements and $339 million of capacity under revolving credit facility.
SEC original ↗Four Corners Property Trust, Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Credit Facility and Unsecured Notes • On September 30, 2025, FCPT had $1,226 million of outstanding debt, consisting of $590 million of term loans, $625 million of unsecured fixed rate notes and $11 million outstanding revolver balance.
SEC original ↗Four Corners Property Trust, Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
FCPT’s leverage, as measured by the ratio of net debt to adjusted EBITDA re , is 5.3x at quarter-end, or 4.7x inclusive of outstanding equity under forward sales agreements as of September 30, 2025.
SEC original ↗Four Corners Property Trust, Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Forward-looking statements include all statements that are not historical statements of fact and those regarding the Company’s intent, belief or expectations, including, but not limited to, statements regarding: operating and financial performance, announced transactions, expectations regarding the making of distributions and the payment of dividends, and the effect of pandemics on the business operations of the Company and the Company’s tenants and their continued ability to pay rent in a timely manner or at all.
SEC original ↗Four Corners Property Trust, Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Forward-looking statements include all statements that are not historical statements of fact and those regarding FCPT’s intent, belief or expectations, including, but not limited to, statements regarding: operating and financial performance, acquisition pipeline, expectations regarding the making of distributions and the payment of dividends, and the effect of pandemics on the business operations of FCPT and FCPT’s tenants and their continued ability to pay rent in a timely manner or at all.
SEC original ↗Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 28, 2025
Strategy & priorities
In the trailing 12 months, we have acquired $355 million of properties and remain focused on disciplined deal sourcing as we approach year-end.
SEC original ↗Four Corners Property Trust, Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
These are often below market rent leases, and many were purchased through the outparcel strategy Driven Brands completed the sale of its U.
SEC original ↗Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 28, 2025
We focus on credit-worthy tenants, high quality real estate and efficient execution PROPERTY COUNT 1 AVERAGE SIZE ($M) +87 +75 FCPT has consistently focused on low basis properties, safeguarding the portfolio value at risk OCTOBER 2025 PORTFOLIO BREAKDOWN 315 leases 82 leases 108 leases 23 brands 191 leases 33 brands 118 leases Other Casual Dining Restaurants Auto Service 120 leases 41 brands Medical Retail 53 leases 27 brands Other Retail 1,294 Leases across 170 Brands Annual Base Rent of $255.6 million1 32% Olive Garden (vs.
SEC original ↗Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 28, 2025
Rather than swing at every opportunity, our strategy is to wait for the right “pitch” Cap rate could be increased with less favorable credit Favorable Unfavorable FCPT Sector Outlook Approximate Cap Rate1 FCPT Strike Zone Good credit at accretive cap rates New Retail Listings (Illustrative) Volume could be increased with increased purchase price (decreased cap rate) NET LEASE LISTINGS SNAPSHOT OCTOBER 2025 CONSTRUCTION COSTS CONTINUE TO RISE Industry-wide, developers are facing a long-term trend of inflated growth for building costs.
SEC original ↗Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 28, 2025
ESTIMATED REPLACEMENT COST Since inception, FCPT has focused on acquiring low basis properties.
SEC original ↗Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 28, 2025
Risks & headwinds
Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements.
SEC original ↗Four Corners Property Trust, Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
These costs do not yet factor in the impact of tariffs given their delayed rollouts and stocks of pre-purchased inventories The Turner Building Cost Index1 aggregates the developer inputs of labor rates, productivity, material prices and the competitive condition of the marketplace.
SEC original ↗Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 28, 2025
Earnings deck slides
2 decks with slide viewFour Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Four Corners Property Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
34 documents- Q3 2026
- 8-KFCPT
- 8-KFCPT
- Q2 2026
- 10-QFCPT
- 8-KFCPT
- 8-KFCPT
- 8-KFCPT
- Q1 2026
- 8-KFCPT
- 8-KFCPT
- 10-QFCPT
- 8-KFCPT
- 8-KFCPT
- EX-99FCPT
- EX-99FCPT
- 8-KFCPT
- EX-99FCPT
- Q4 2025
- 10-KFCPT
- 8-KFCPT
- Q3 2025
- 8-KFCPT
- 8-KFCPT
- 8-KFCPT
- 10-QFCPT
- 8-KFCPT
- Q2 2025
- 8-KFCPT
- 10-QFCPT
- 8-KFCPT
- Q1 2025
- 8-KFCPT
- 10-QFCPT
- 8-KFCPT
- Q4 2024
- 8-KFCPT
- 8-KFCPT
- 10-KFCPT
- 8-KFCPT
- 8-KFCPT
- Q3 2024
- 10-QFCPT
Earnings releases
15 documentsPresentations
16 documents
Transcripts
0 documentsNo transcripts for Four Corners Property Trust, Inc. are held in this edition of the library.
Mentioned by
1 companyOther tracked companies whose held documents mention Four Corners Property Trust, Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.
“iquidity and Cost of Capital Advantage 3.3% 3.8% 4.0% 4.1% 4.1% 4.2% 4.3% 4.4% 4.6% O ADC FCPT BNL… …lease REIT data based on company filings as of June 30, 2026. (1) After the payment of dividends and capital expenditures. Liquidity and Cost of Capi”
See also the earnings calendar for every tracked company’s next earnings date.