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Stock impact report

FCPT Announces Third Quarter 2024 Financial and Operating Results

Four Corners Property Trust, Inc. (FCPT) 
Last four corners property trust, inc. earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: Business Wire
MILL VALLEY, Calif--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced financial results for the three and nine months ended September 30, 2024.Management Comments“FCPT returned to accretively growing the portfolio in the third quarter and is continuing to add to the pipeline with vigor. While we slowed acquisitions in late 2023, we remained prepared to enter the market when conditions improved,” said CEO Bill Lenehan. “We anticipate 2024 will remain busy with new acquisitions through year end. After raising $224 million of equity since July, we believe our balance sheet is in excellent shape to support renewed AFFO growth going forward.”Rent Collection UpdateAs of September 30, 2024, the Company has received rent payments representing 99.8% of its portfolio contractual base rent for the quarter ending September 30, 2024.Financial ResultsRental Revenue and Net Income Attributable to Common ShareholdersRental revenue for the thi Show less Read more
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