NYSE$FCPT

Four Corners Property Trust · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Financial results for the three months ended September 30, 2021 were announced.

Four Corners Property Trust (FCPT) announced third-quarter financial results, featuring a 12.3% increase in rental revenue to $43.7 million and net income attributable to common shareholders of $21.2 million, or $0.28 per diluted share. The company acquired 53 properties for $107.4 million. Rent collections remained strong at 99.8%.

  • Rental revenue increased 12.3% year over year to $43.7 million.
  • Net income attributable to common shareholders was $21.2 million, or $0.28 per diluted share.
  • Acquired 53 properties for a combined purchase price of $107.4 million.
  • Rent collections remained strong at 99.8% of portfolio contractual base rent.

Headline financials

Total Revenue

$50.7M

Previous: $43M+18.0%
EPS (adj)

$0.39

Previous: $0.37+5.4%
Regular dividends declared per share

$0.32

No prior period
Occupancy rate

99.8%

Previous: 99.6%+0.2%
Capital Expenditures

-$196M

Previous: -$122M-61.3%
Free Cash Flow

-$175M

Previous: -$102M-71.2%
Net Income

$21.2M

Previous: $19.3M+9.4%
Operating Income

$20.8M

Previous: $19.4M+7.4%
Gross Profit

$41.9M

Previous: $35.4M+18.1%
Cash & Equivalents

$7.81M

Previous: $17.7M-56.0%
Total Assets

$1.84B

Previous: $1.57B+16.8%
Stock-Based Comp

$845K

Previous: $868K-2.6%

Revenue & EPS history

FCPT · Revenue · Quarterly

$50.7M

Q3 2021+18%vs Q3 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

FCPT · $50.7M total across 2 segments · Q3 2021

  • Rental revenue
    $43.7M+12.4%
  • Restaurant revenue
    $7.03M+71.7%

Forward guidance

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding the Company’s intent, belief or expectations, including, but not limited to, statements regarding: operating and financial performance, announced transactions, expectations regarding the making of distributions and the payment of dividends, and the effect of pandemics such as COVID-19 on the business operations of the Company and the Company’s tenants and their continued ability to pay rent in a timely manner or at all.

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 Q3 2021

Historical avgQ3 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

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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