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Dec 31, 2023
FCPT Q4 2023 Earnings Report
FCPT's Q4 2023 results showcased rental revenue growth and solid portfolio performance.
Key Takeaways
Four Corners Property Trust reported a 15% increase in rental revenue for Q4 2023, reaching $57.6 million. Net income attributable to common shareholders was $24.4 million, or $0.27 per diluted share. The company acquired 6 properties for $12.8 million and sold one property for $3.8 million.
Rental revenue increased by 15.0% year-over-year to $57.6 million.
Net income attributable to common shareholders was $24.4 million, or $0.27 per diluted share.
The company acquired 6 properties for a combined purchase price of $12.8 million.
FCPT's portfolio was 99.8% occupied with a weighted average remaining lease term of 7.8 years.
FCPT
FCPT
FCPT Revenue by Segment
Revenue by Segment
Rental Revenue
CapyFin.comRestaurant Revenue
CapyFin.com Forward Guidance
The press release does not contain specific forward guidance. Therefore, I cannot provide positives and negatives.
Revenue & Expenses
Visualization of income flow from segment revenue to net income