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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.
Revenue by Segment
Forward Guidance
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Revenue & Expenses
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Avg. Return Before/After Earnings
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