NYSE$FCPT

Four Corners Property Trust · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

FCPT had a solid start to 2022, with continued high rent collection levels and opportunistic capital raising.

Four Corners Property Trust reported a 12.9% increase in rental revenue compared to the prior year, reaching $46.9 million. Net income attributable to common shareholders was $22.3 million, or $0.28 per diluted share.

  • FCPT had a solid start to 2022 with high rent collection levels.
  • Fitch upgraded FCPT to BBB, highlighting the quality and performance of the portfolio.
  • Rental revenue for the first quarter increased 12.9% over the prior year to $46.9 million.
  • Net income attributable to common shareholders was $22.3 million for the first quarter, or $0.28 per diluted share.

Headline financials

Total Revenue

$54.4M

Previous: $46.7M+16.4%
EPS (adj)

$0.41

Previous: $0.38+7.9%
Capital Expenditures

-$43.9M

Previous: -$36.7M-19.6%
Free Cash Flow

-$21.6M

Previous: -$16.1M-34.3%
Net Income

$22.3M

Previous: $20.6M+8.1%
Operating Income

$21M

Previous: $19.7M+6.8%
Gross Profit

$44.7M

Previous: $38.5M+16.1%
Cash & Equivalents

$58.1M

Previous: $11.5M+406.0%
Total Assets

$2B

Previous: $1.7B+17.7%
Stock-Based Comp

$1.5M

Previous: $1.37M+9.4%

Revenue & EPS history

FCPT · Revenue · Quarterly

$54.4M

Q1 2022+16.4%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

FCPT · $54.4M total across 2 segments · Q1 2022

  • Rental revenue
    $46.9M+13.0%
  • Restaurant revenue
    $7.49M+43.3%

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 2022

Historical avgQ1 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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