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Mar 31
FCPT Q1 2025 Earnings Report
FCPT announced its first quarter 2025 financial and operating results, highlighting strong acquisition volume and improved liquidity.
Key Takeaways
FCPT reported a strong first quarter in 2025, with rental revenue increasing by 8.4% to $63.5 million and net income attributable to common shareholders reaching $26.2 million. The company achieved its highest first quarter acquisition volume in company history, acquiring over $56 million in properties, and improved its liquidity to record levels while lowering its leverage profile.
Rental revenue for Q1 2025 increased by 8.4% year-over-year to $63.5 million.
Net income attributable to common shareholders for Q1 2025 was $26.2 million, or $0.26 per diluted share.
FCPT acquired 23 properties for $56.5 million, marking the highest first quarter acquisition volume in company history.
The company's liquidity reached record levels, and its leverage profile was lowered to its lowest in seven years.
FCPT
FCPT
FCPT Revenue by Segment
Revenue by Segment
Rental Revenue
CapyFin.comRestaurant Revenue
CapyFin.com Forward Guidance
The company's forward-looking statements indicate continued growth through acquisitions and strong financial management, with a focus on maintaining liquidity and a favorable leverage profile, despite ongoing market volatility.
Positive Outlook
- Continued momentum from the end of 2024 into Q1 2025.
- Achieved highest first quarter acquisition volume in company history.
- Acquired properties at attractive pricing.
- Raised significant equity and increased revolver capacity, leading to record liquidity levels.
- Lowered leverage profile to its lowest level in seven years.
Challenges Ahead
- Market has continued to be volatile.
- Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially.
- No specific negative financial guidance or outlook was provided in the report.
- The report does not detail potential impacts of future interest rate changes on debt.
- No specific negative outlook on rent collection or tenant performance was provided.