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Jun 30, 2022
FCPT Q2 2022 Earnings Report
Reported strong performance with increased rental revenue and net income
Key Takeaways
Four Corners Property Trust (FCPT) reported a strong second quarter in 2022, marked by high rent collections, strategic property acquisitions, and a newly obtained investment grade rating from Moody's. Rental revenue increased by 13.6% year-over-year, and net income attributable to common shareholders rose to $28.1 million, or $0.35 per diluted share.
Rental revenue increased 13.6% year-over-year to $47.9 million.
Net income attributable to common shareholders was $28.1 million, or $0.35 per diluted share.
The company acquired 26 properties for $54.0 million with a 6.4% initial weighted average cash yield.
FCPT received an Investment Grade rating from Moody’s Investors Service.
FCPT
FCPT
FCPT Revenue by Segment
Revenue by Segment
Rental Revenue
CapyFin.comRestaurant Revenue
CapyFin.com Forward Guidance
Company is set up well to take advantage of investment opportunities in the second half of the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income