The earnings call revealed a robust acquisition strategy with significant growth in property acquisitions and successful diversification of the portfolio. Despite challenges in acquisition pricing and some store closures, the financial metrics and portfolio performance remain strong.

Company Guidance -

Q3 2025

During the call, FCPT provided detailed guidance on their financial performance and strategic direction for the second quarter of 2025. The company successfully acquired $84 million in properties at a 6.7% blended cap rate, contributing to a total of $344 million in acquisitions over the past twelve months. They emphasized their strategic focus on high-quality real estate with creditworthy tenants, highlighting a rent coverage rate of 5x and a portfolio with 99.4% occupancy. FCPT also showcased their diversification efforts, expanding from 418 properties across 5 brands in 2015 to 1,260 leases across 165 brands. The capital position was strong, with nearly $0.5 billion of equity raised in the past year and a net debt to adjusted EBITDAR ratio of 4.5x. Cash rental income grew by over 11% to $64.5 million, and AFFO per share increased by 2.8% year-over-year. The company maintained a disciplined approach to acquisitions, refraining from providing acquisition guidance but noting a continued focus on quality and return thresholds.

Strong Acquisition Performance

FCPT acquired $84 million in properties in Q2 at a 6.7% blended cap rate and $344 million over the last 12 months, marking one of their highest volumes across four consecutive quarters.

Portfolio Diversification Achievement

FCPT expanded from 418 properties across 5 brands in 2015 to 1,260 leases across 165 brands, reducing reliance on Olive Garden and LongHorn from a combined 94% to 42% of rent.

Impressive Rent Coverage and Occupancy

Rent coverage in Q2 was 5x for the majority of the portfolio, and portfolio occupancy remains strong at 99.4% with 99.8% of base rent collected in Q2.

Financial Metrics Growth

AFFO per share increased by 2.8% from Q2 last year, with cash rental income growing over 11% during the quarter compared to last year.

Low Bad Debt Expense

FCPT reported only $1.76 million in bad debt since 2016, with 0 in 2025, against $1.5 billion of rent collected, averaging 12 basis points per year.

Four Corners Property (FCPT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

FCPT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.28 / -	0.27	―	―	―
Jul 29, 2025	2025 (Q2)	0.28 / 0.28	0.27	3.70% (+0.01)
Apr 30, 2025	2025 (Q1)	0.27 / 0.26	0.26	0.00% (0.00)
Feb 12, 2025	2024 (Q4)	0.28 / 0.27	0.27	0.00% (0.00)
Oct 30, 2024	2024 (Q3)	0.28 / 0.27	0.27	0.00% (0.00)
Jul 31, 2024	2024 (Q2)	0.27 / 0.27	0.27	0.00% (0.00)
May 01, 2024	2024 (Q1)	0.27 / 0.26	0.27	-3.70% (-0.01)
Feb 14, 2024	2023 (Q4)	0.27 / 0.27	0.27	0.00% (0.00)
Nov 01, 2023	2023 (Q3)	0.28 / 0.27	0.3	-10.00% (-0.03)
Aug 01, 2023	2023 (Q2)	0.26 / 0.27	0.35	-22.86% (-0.08)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FCPT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$26.48	$25.68	-3.02%
Apr 30, 2025	$27.58	$27.52	-0.22%
Feb 12, 2025	$27.05	$27.69	+2.37%
Oct 30, 2024	$26.82	$26.51	-1.16%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Four Corners Property Trust (FCPT) report earnings?

Four Corners Property Trust (FCPT) is schdueled to report earning on Nov 04, 2025, After Close (Confirmed).

What is Four Corners Property Trust (FCPT) earnings time?

Four Corners Property Trust (FCPT) earnings time is at Nov 04, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is FCPT EPS forecast?

FCPT EPS forecast for the fiscal quarter 2025 (Q3) is 0.29.

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