Four Corners Property Trust Q2 rental revenue rises

Four Corners Property Trust

29/07/2025 22:08

Overview

Four Corners Property Trust Q2 rental revenue rises 10.7% yr/yr to $64.8 mln

Net income for Q2 increases to $27.9 mln from $24.7 mln last year

Co acquired 24 properties for $84.4 mln, maintaining strong acquisition strategy

Outlook

FCPT enters Q3 with significant liquidity and low leverage profile

Company positioned for growth in second half of 2025

Result Drivers

PROPERTY ACQUISITIONS - FCPT acquired over $84 mln in properties, focusing on nationally branded, strong brands with sensible rent levels, according to CEO Bill Lenehan

HIGH RENT COLLECTION - Co received 99.8% of its portfolio contractual base rent for Q2 2025

LOW LEVERAGE - FCPT enters Q3 with significant liquidity and a low leverage profile, per CEO Bill Lenehan

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Rental Revenue
$64.81 mln
Q2 EPS
$0.28
Q2 Net Income
$27.96 mln
Q2 Dividend
$0.355
Q2 Operating Expenses
$31.81 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 $30.00, about 12.9% above its July 28 closing price of $26.14

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nBw7kyjFTa

(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.)