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Jun 30, 2021
FCPT Q2 2021 Earnings Report
FCPT's portfolio performed well with strong collections, tenants experiencing sales above pre-pandemic levels, increased acquisition volume, strengthened balance sheet by extending credit facility, and diversified portfolio with non-restaurant properties.
Key Takeaways
Four Corners Property Trust (FCPT) reported an 11% increase in rental revenue, reaching $42.2 million for the second quarter of 2021. Net income attributable to common shareholders was $20.1 million, or $0.26 per diluted share. The company acquired 23 properties for $45.6 million and maintained a high rent collection rate of 99.8%.
Rental revenue increased by 11% year-over-year to $42.2 million.
Net income attributable to common shareholders was $20.1 million, or $0.26 per diluted share.
AFFO per diluted share increased to $0.38, up $0.04 from the same quarter in 2020.
Acquired 23 properties for a combined purchase price of $45.6 million with a 6.9% initial weighted average cash yield.
FCPT
FCPT
FCPT Revenue by Segment
Revenue by Segment
Rental Revenue
CapyFin.comRestaurant Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income