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Jun 30, 2020
FCPT Q2 2020 Earnings Report
Financial results for the second quarter of 2020 were announced, showing rental revenue increase and high rent collection levels despite the pandemic.
Key Takeaways
Four Corners Property Trust reported a 10.6% increase in rental revenue for the second quarter of 2020, with 92% of contractual base rent collected. They strategically agreed to rent deferrals and abatements in exchange for lease amendments, and resumed acquisitions with a focus on strong tenants and attractive locations.
Rental revenue increased by 10.6% compared to the prior year.
92% of contractual base rent was collected during the second quarter.
Agreements were reached with tenants for rent deferrals and abatements in exchange for lease amendments.
Acquisition activities resumed in June, focusing on properties with strong tenants and attractive locations.
FCPT
FCPT
FCPT Revenue by Segment
Revenue by Segment
Rental Revenue
CapyFin.comRestaurant Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income