Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Four Corners Property ( (FCPT) ) has issued an update.
On February 12, 2025, Four Corners Property Trust, Inc. reported its financial results for the fourth quarter and full year of 2024. The company showed a disciplined approach to capital raising and investment, acquiring $265 million worth of properties leased to national brands. Despite market volatility, FCPT maintained a low leverage profile while extending debt maturities and increasing liquidity. The company achieved a 99.4% rent collection rate for the fourth quarter and a 99.8% rate for the entire year. Rental revenue for the fourth quarter rose by 5.3% to $60.7 million, and net income attributable to common shareholders was $26.2 million. FCPT’s Adjusted Funds from Operations (AFFO) per diluted share increased to $0.44 in the fourth quarter, reflecting a stable financial performance amid challenging market conditions.
More about Four Corners Property
Four Corners Property Trust, Inc. (FCPT) is a real estate investment trust based in Mill Valley, CA, focusing on the ownership, acquisition, and leasing of restaurant and retail properties. The company aims to expand its portfolio by acquiring real estate for net lease use in the restaurant and retail sectors.
YTD Price Performance: 4.25%
Average Trading Volume: 589,748
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.69B
Learn more about FCPT stock on TipRanks’ Stock Analysis page.
