NYSE$FCPT

Four Corners Property Trust · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Financial results for the second quarter of 2020 were announced, showing rental revenue increase and high rent collection levels despite the pandemic.

Four Corners Property Trust reported a 10.6% increase in rental revenue for the second quarter of 2020, with 92% of contractual base rent collected. They strategically agreed to rent deferrals and abatements in exchange for lease amendments, and resumed acquisitions with a focus on strong tenants and attractive locations.

  • Rental revenue increased by 10.6% compared to the prior year.
  • 92% of contractual base rent was collected during the second quarter.
  • Agreements were reached with tenants for rent deferrals and abatements in exchange for lease amendments.
  • Acquisition activities resumed in June, focusing on properties with strong tenants and attractive locations.

Headline financials

Total Revenue

$40.9M

Previous: $39.6M+3.4%
EPS (adj)

$0.34

Previous: $0.34+0.0%
Rent collection rate

92.0%

No prior period
Occupancy rate

99.6%

No prior period
Capital Expenditures

-$72M

Previous: -$64.6M-11.4%
Free Cash Flow

-$53.5M

Previous: -$46.7M-14.5%
Net Income

$18.5M

Previous: $17.9M+3.3%
Operating Income

$18.6M

Previous: $9.46M+97.0%
Gross Profit

$33.8M

Previous: $29.6M+14.2%
Cash & Equivalents

$5.1M

Previous: $39.3M-87.0%
Total Assets

$1.51B

Previous: $1.34B+12.4%
Stock-Based Comp

$797K

Previous: $775K+2.8%

Revenue & EPS history

FCPT · Revenue · Quarterly

$40.9M

Q2 2020+3.4%vs Q2 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

FCPT · $40.9M total across 2 segments · Q2 2020

  • Rental revenue
    $38M
  • Restaurant revenue
    $2.9M

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 Q2 2020

Historical avgQ2 2020

-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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