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Stock impact report

FCPT Announces Fourth Quarter 2023 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 months and twelve months ended December 31, 2023.Management Comments“2023 was a solid acquisition year. We grew rent 14% with $333 million of high-quality acquisitions,” said Bill Lenehan. “Additionally, our portfolio continues to perform well with high rent collections and occupancy, and we start the year with low leverage. We remain disciplined allocators of capital and are finding interesting investment opportunities as we focus on building an accretive pipeline.”Rent Collection UpdateAs of December 31, 2023, the Company has received rent payments representing 99.8% of its portfolio contractual base rent for the quarter ending December 31, 2023, and 99.9% for the year ending December 31, 2023.Financial ResultsRental Revenue and Net Income Attributable to Common ShareholdersRental revenue for the fourth quarter increased 15 Show less Read more
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