Four Corners Property Trust Q1 rental revenue rises 10% on acquisitions

Four Corners Property Trust

29/04/2026 21:46

Overview

U.S. retail property REIT's Q1 rental revenue rose 10% yr/yr to $69.8 mln

Net income attributable to common shareholders grew to $30.3 mln from $26.2 mln yr/yr

Adjusted FFO per share rose 3.4% yr/yr to $0.45

Outlook

Company expects remaining $150 mln term loan commitments to fund acquisitions in late Q2 and early Q3 2026

Four Corners Property Trust sees continued strong collections and occupancy in its portfolio

Company says new capital position enables it to pursue growth through acquisitions

Result Drivers

PORTFOLIO OCCUPANCY AND RENT COLLECTION - Co said portfolio maintained 99.6% occupancy and collected 99.7% of contractual base rent in Q1

PROPERTY ACQUISITIONS - Co acquired ten properties for $26.2 mln in Q1, contributing to rental revenue growth

LIQUIDITY AND CAPITAL MANAGEMENT - Co raised record liquidity in 2025 and closed on a $200 mln term loan to fund investment pipeline

Company press release: ID:nBw8xv9l8a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Rental Revenue
$69.81 mln
Q1 EPS
$0.28
Q1 Net Income
$30.37 mln
Q1 Adjusted FFO Per Share
$0.45
Q1 Dividend
$0.37
Q1 Operating Expenses
$34.92 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for Four Corners Property Trust Inc is $28.00, about 9.7% above its April 28 closing price of $25.52

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)