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Four Corners Property Trust Inc (FCPT) Q4 2024 Earnings Call Highlights: Strong Acquisition ... [Yahoo! Finance]

Four Corners Property Trust, Inc. (FCPT) 
Last four corners property trust, inc. earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
4 min read In This Article FCPT Acquisitions: $265 million in acquisitions at a 7.1% cap rate for 2024. Q4 Acquisitions: 45 properties for $133 million at a 7% cap rate. Rent Coverage: 4.9 times for the majority of the portfolio in Q4. Same-Store Sales Growth: Chili's 31%, Olive Garden 2%, LongHorn 7.5% for the respective periods. Equity Raised: Over $318 million in 2024, with $102 million in Q4. Fixed Charge Coverage Ratio: 4.5 times. Net Debt to Adjusted EBITDAre: 4.9 times in Q4. Liquidity: Approximately $500 million available. Q4 AFFO: $0.44 per share, up 2.3% from Q4 last year. Full Year 2024 AFFO: $1.73 per share, up 3.6% from 2023. Q4 Cash Rental Income: $60.8 million, up 6.6% year-over-year. Full Year 2024 Cash Rent: $235.4 million, up 8.8% from 2023. Portfolio Occupancy: Base Rent Collection: 99.4% for Q4. Warning! GuruFocus has detected 9 Warning Signs with FCPT. Release Date: February 13, 2025 For the complete transcript of the earning Show less Read more
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