NYSE$FCPT
Four Corners Property Trust · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported an increase in rental revenue and net income, driven by robust portfolio performance and strategic acquisitions.
Four Corners Property Trust (FCPT) reported strong first-quarter results, characterized by industry-leading rent collections, strategic acquisitions, and a low-rate unsecured private note offering. Rental revenue increased by 10.0% year-over-year to $41.5 million, and net income attributable to common shareholders was $20.6 million, or $0.27 per diluted share. The company maintained a high occupancy rate of 99.7% and continued to expand its portfolio through acquisitions and dispositions.
- Rental revenue increased by 10.0% year-over-year to $41.5 million.
- Net income attributable to common shareholders was $20.6 million, or $0.27 per diluted share.
- FFO per diluted share was $0.37, consistent with the first quarter of 2020.
- The company acquired 13 properties for $33.9 million at a weighted average cash yield of 6.6%.
Headline financials
Revenue & EPS history
FCPT · Revenue · Quarterly
$46.7M
Revenue by segment
FCPT · $46.7M total across 2 segments · Q1 2021
- Rental revenue$41.5M+10.0%88.8%
- Restaurant revenue$5.23M+11.2%11.2%
Forward guidance
The company did not provide specific forward guidance in this earnings report.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.2%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+1.6%
Avg return
30 days after
50%
21 / 42 earnings
Positive
+5.8%
Q3 2015
Best reaction
-5.6%
Q1 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.0% | -0.7% | -1.6% | |
| Q4 2025 | -3.3% | -0.8% | +1.5% | |
| Q3 2025 | -1.5% | +1.0% | +0.8% | |
| Q1 2025 | -0.2% | -0.2% | -1.2% | |
| Q4 2024 | +2.4% | +0.2% | +0.9% | |
| Q3 2024 | -1.9% | -1.3% | +5.8% | |
| Q2 2024 | -1.2% | -2.0% | +2.8% | |
| Q1 2024 | +2.7% | +2.2% | +4.1% | |
| Q4 2023 | +2.6% | +2.7% | +7.1% | |
| Q3 2023 | +4.8% | +3.6% | +11.6% | |
| Q2 2023 | -3.3% | -2.7% | -4.3% | |
| Q1 2023 | -2.0% | +2.5% | +0.7% | |
| Q4 2022 | +2.3% | +0.8% | -5.7% | |
| Q3 2022 | -0.2% | +3.5% | +5.1% | |
| Q2 2022 | +1.1% | +3.0% | -0.5% | |
| Q1 2022 | -4.7% | -6.8% | -8.1% | |
| Q4 2021 | +1.1% | +0.5% | +1.8% | |
| Q3 2021 | +0.5% | -1.0% | -3.2% | |
| Q2 2021 | +1.9% | -0.9% | +1.5% | |
| Q1 2021 | -3.9% | -2.3% | -6.0% | |
| Q4 2020 | -2.8% | +1.2% | -0.1% | |
| Q3 2020 | -4.5% | -5.0% | +7.6% | |
| Q2 2020 | +2.3% | +3.2% | +6.7% | |
| Q1 2020 | +0.9% | -1.0% | +21.9% | |
| Q4 2019 | +2.4% | +2.8% | -22.8% | |
| Q3 2019 | +1.4% | +0.8% | -0.3% | |
| Q2 2019 | -0.6% | +0.0% | +5.4% | |
| Q1 2019 | +1.3% | +1.9% | +5.1% | |
| Q4 2018 | -0.4% | -1.1% | +1.0% | |
| Q3 2018 | +3.1% | -0.6% | +4.6% | |
| Q2 2018 | +1.0% | +1.3% | +9.2% | |
| Q1 2018 | +1.8% | +1.6% | +0.8% | |
| Q4 2017 | -4.5% | -2.8% | +0.3% | |
| Q3 2017 | +2.8% | +4.9% | +5.4% | |
| Q2 2017 | -4.1% | -3.8% | +0.4% | |
| Q1 2017 | -5.6% | -4.7% | +8.8% | |
| Q4 2016 | +0.5% | +1.9% | +2.0% | |
| Q3 2016 | -2.1% | -2.4% | -3.6% | |
| Q2 2016 | -0.1% | +0.6% | -2.7% | |
| Q1 2016 | -2.8% | — | — | |
| Q4 2015 | -1.8% | — | — | |
| Q3 2015 | +5.8% | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — |
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