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Dec 31, 2019
FCPT Q4 2019 Earnings Report
FCPT's Q4 2019 financial results were announced, featuring an increase in rental revenue and net income attributable to common shareholders.
Key Takeaways
FCPT reported an increase in rental revenue for Q4 2019, reaching $35.9 million, an 8.1% increase over the prior year. Net income attributable to common shareholders for the quarter was $18.9 million, or $0.27 per diluted share. The company acquired 50 properties for $120.6 million during the quarter and declared a dividend of $0.305 per common share.
Rental revenue increased by 8.1% to $35.9 million.
Net income attributable to common shareholders was $18.9 million, or $0.27 per diluted share.
AFFO per diluted share increased to $0.36, a $0.02 increase compared to Q4 2018.
Acquired 50 properties for a combined purchase price of $120.6 million.
FCPT
FCPT
FCPT Revenue by Segment
Revenue by Segment
Rental Revenue
CapyFin.comRestaurant Revenue
CapyFin.com Forward Guidance
FCPT anticipates closing on properties in 2020 with an additional 65 leases for a $131.9 million combined purchase price from previously announced outparcel transactions.
Positive Outlook
- Significant volume of announced but not yet closed outparcel transactions of approximately $132 million.
- Positioned to extend the growth seen in 2019.
- Strength of the balance sheet.
- Expects to close in 2020 on properties with an additional 65 leases.
- Combined purchase price of $131.9 million.
Challenges Ahead
- Transactions are subject to customary closing conditions.
- Transactions are subject to diligence.
- Transactions are subject to regulatory approvals.
- Forward-looking statements are subject to risks and uncertainties.
- Company can give no assurance that its expectations or the events described will occur as described.
Revenue & Expenses
Visualization of income flow from segment revenue to net income