NYSE$FCPT
Four Corners Property Trust · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
FCPT's financial results for the first quarter of 2023 were announced, showing an increase in rental revenue and net income, along with strategic capital raising activities.
FCPT reported a solid start to 2023 with increased rental revenue and net income. The company actively raised capital and maintained high rent collection levels, ending the quarter with a strong liquidity position.
- Rental revenue increased by 11.3% year-over-year to $52.2 million.
- Net income attributable to common shareholders was $23.1 million, or $0.27 per diluted share.
- The company acquired 10 properties for $19.9 million with an initial weighted average cash yield of 6.9%.
- FCPT sold 1,907,946 shares of common stock for anticipated net proceeds of $52.1 million.
Headline financials
Revenue & EPS history
FCPT · Revenue · Quarterly
$60M
Revenue by segment
FCPT · $60M total across 2 segments · Q1 2023
- Rental revenue$52.2M+11.3%87.1%
- Restaurant revenue$7.76M+3.5%12.9%
Forward guidance
The company starts the second quarter with $142 million of cash and equity forward positions available to fund high-quality acquisition opportunities in our target sectors.
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 2023
-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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