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Four Corners Property Trust (FCPT)
NYSE:FCPT
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.28Last Year’s EPS
0.26Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 5.62%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance in 2024 with significant acquisitions, high rent coverage, and improved financial metrics. Despite challenges from rising interest rates and a slight deceleration in rent collection, the company is positioned well for 2025 with substantial liquidity and a resilient portfolio.Company Guidance
During the Four Corners Property Trust, Inc. fourth quarter 2024 financial results conference call, significant metrics were highlighted. The company concluded the year with $265 million in acquisitions at a blended 7.1% cap rate, with notable activity in the second half where $203 million was acquired across 66 properties. The portfolio showed strong performance with a 99.6% occupancy rate and a rent coverage of 4.9 times. The company reported Q4 FFO of $0.44 per share, marking a 2.3% increase from the previous year, and full-year FFO per share of $1.73, up 3.6% from 2023. Cash rental income for the quarter was $60.8 million, reflecting a 6.6% increase compared to last year. The company maintained a fixed charge coverage ratio of 4.5 times and a net debt to adjusted EBITDA ratio of 4.9 times. Despite not providing forward guidance, the company expressed optimism for 2025, citing substantial liquidity and a strong acquisition pipeline.Strong Acquisition Performance
2024 ended with $265 million of acquisitions at a blended 7.1% cap rate, with significant activity in Q4 accounting for over 50% of annual volume.
High Rent Coverage and Occupancy
Rent coverage in Q4 was 4.9 times for most of the portfolio, with occupancy at 99.6%, and 99.4% of base rent collected.
Diverse and Resilient Portfolio
Core tenants include strong brands like Chili's, Olive Garden, and LongHorn, with sales growth reported up to 31%.
Improved Financial Metrics
Q4 FFO per share increased by 2.3% to $0.44, and full-year 2024 FFO per share grew by 3.6% to $1.73.
Efficient Capital Raising
Raised over $318 million in equity during 2024, with $102 million in Q4, and extended credit facilities to increase liquidity.
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FCPT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FCPT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $27.75 | $28.41 | +2.38% |
| Oct 30, 2024 | $27.52 | $27.20 | -1.16% |
| Jul 31, 2024 | $26.48 | $26.59 | +0.42% |
| May 01, 2024 | $22.66 | $23.17 | +2.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Four Corners Property Trust (FCPT) report earnings?
Four Corners Property Trust (FCPT) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Four Corners Property Trust (FCPT) earnings time?
Four Corners Property Trust (FCPT) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FCPT EPS forecast?
FCPT EPS forecast for the fiscal quarter 2025 (Q1) is 0.28.
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