Four Corners Property Trust Q2 rental revenue rises

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

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