Four Corners Property Trust Q4 rental revenue rises

Overview

• Real estate trust's Q4 rental revenue rose 11.6% yr/yr

• Net income for Q4 rose to $29.4 mln

• AFFO per share for Q4 increased by $0.01 yr/yr

Outlook

• FCPT highlights strong leverage capacity entering 2026

• Company aims to continue growth through property acquisitions

Result Drivers

• ACQUISITIONS - FCPT invested $318 mln in 105 properties, focusing on high-value retail corridors, boosting rental revenue

• HIGH RENT COLLECTION - FCPT achieved a rent collection rate of 99.5% for Q4, indicating stable tenant performance

• EQUITY FUNDING - FCPT funded acquisitions primarily through equity issuance, improving leverage profile

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 $29.00, about 14.4% above its February 10 closing price of $25.34

• The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nBw8VBfska

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