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Four Corners Property (FCPT) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 05, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.3

Last Year’s EPS

0.28

Same Quarter Last Year

Analyst Consensus

Hold

Based on 4 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 29, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed generally positive momentum: steady AFFO/net flow growth, strong rent collection and occupancy, continued disciplined acquisitions (albeit seasonally light in Q1), strengthened liquidity (new $200M term loan) and conservative leverage/coverage metrics. Portfolio quality and tenant performance are highlighted as durable strengths, with ongoing efforts to diversify into new subsectors. The primary negatives are limited: modestly lower Q1 deal volume versus early-2025, seller pricing friction in new sectors, and transactional/transition uncertainty around 10 Bahama Breeze locations. On balance, the positive operational and balance-sheet metrics materially outweigh the contained risks.

Company Guidance

The company reiterated 2026 cash G&A guidance of $19.2–$19.7 million (Q1 cash G&A was $4.9 million, 7.0% of cash rental income vs 7.7% a year ago), and highlighted capital and liquidity metrics including a new $200 million seven‑year term loan (all‑in ~4.9%, margin 125 bps over SOFR; $50 million funded in April with the balance to be drawn in Q2–Q3), a fully available $350 million revolver, and $640 million of existing term debt fully hedged at a blended SOFR of 3.1% (≈4.0% all‑in) through Nov‑2027; leverage was 5.0x net debt/adjusted EBITDAre at quarter end (estimated run‑rate 5.4x after investing proceeds) with fixed charge coverage of 4.8x and no material maturities until December ($50 million private notes). Operationally they reaffirmed portfolio strength: occupancy 99.6%, 99.7% of base rent collected in Q1, cash rental income $70 million (+10% YoY), annualized cash‑based rent $266 million, weighted five‑year annual cash rent escalator 1.5%, AFFO per share +3.4% YoY (net flow per share $0.45, +3.4%). On investing/leasing activity they noted Q1 acquisitions of $26 million for 10 properties at a 6.8% blended cash cap (7.3% GAAP cap) with $2.6 million average basis (46% restaurant / 28% auto service / 26% medical retail), 27 of 42 2026 expirations extended with recapture ~+6% rent (remaining expirations now ~1% of ABR), and a small Bahama Breeze exposure (10 stores = 1.3% of ABR; four stores = 50 bps ABR) with Darden obligated to pay rent for 1.5–4 years while backfill negotiations proceed.

AFFO and Net Flow Growth

AFFO per share grew 3.4% year-over-year; net flow per share was $0.45, representing 3.4% growth versus the prior year.

Revenue and Rent Collection Strength

Cash rental income of $70.0 million in Q1, a 10% increase year-over-year; annualized cash-based rent for leases in place of $266 million; collected 99.7% of base rent in Q1; portfolio occupancy at 99.6%; bad debt of $0 year-to-date.

Acquisition Activity and Portfolio Build

Q1 acquisitions: $26 million across 10 properties with a weighted average lease term of 10 years at a blended 6.8% cash cap rate (7.3% GAAP cap rate); $288 million of acquisitions over the last 12 months; Q1 acquisition mix: 46% restaurant, 28% auto service, 26% medical retail.

Balance Sheet and Liquidity

Closed a new $200 million, 7-year term loan with an all-in rate of ~4.9% (125 bps over SOFR); funded $50 million in April and expects to deploy balance into Q2–Q3 acquisitions; fully hedged $640 million outstanding term loan balance at blended SOFR ~3.1% (~4% all-in) through Nov 2027; full capacity under $350 million revolver.

Conservative Leverage and Coverage

Net debt to adjusted EBITDAre at quarter end: 5.0x (seventh consecutive quarter below 5.5x); estimated run-rate leverage after investing term loan proceeds: 5.4x (within stated 5.0x–6.0x range); fixed charge coverage ratio of 4.8x.

Improving Operating Efficiency

Cash G&A of $4.9 million (7.0% of cash rental income) versus 7.7% prior year — a 70 basis point improvement in operating leverage; reaffirmed 2026 cash G&A guidance of $19.2 million to $19.7 million.

High Tenant Rent Coverage and Strong Same-Store Sales

Portfolio rent coverage of 5.1x (Garden properties 5.8x) sustained above 5x for three years; top tenants Olive Garden, LongHorn and Chili’s reported same-store sales growth of 3%, 7% and 4% respectively — top three brands represent ~40%–47% of portfolio rent.

Portfolio Diversification

37% of rent now from tenants outside casual dining (automotive service 13%, medical retail 11%, QSR 11%); actively exploring new retail categories with disciplined underwriting and sector due diligence.

Governance and Transparency Enhancements

Added Michael Friedland to the board (30 years of real estate finance and corporate credit experience); new disclosures to present GAAP cap rates alongside cash cap rates and adjusted AFFO growth rounding methodology to improve transparency.

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

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FCPT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 05, 2026	2026 (Q2)	0.30 / -	0.28	―	―	―
Apr 29, 2026	2026 (Q1)	0.28 / 0.28	0.26	7.69% (+0.02)
Feb 11, 2026	2025 (Q4)	0.29 / 0.28	0.27	3.70% (+0.01)
Oct 28, 2025	2025 (Q3)	0.28 / 0.28	0.27	3.70% (+0.01)
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)

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
Apr 29, 2026	$25.32	$25.57	+0.99%
Feb 11, 2026	$24.86	$24.05	-3.29%
Oct 28, 2025	$23.13	$22.73	-1.72%
Jul 29, 2025	$25.29	$24.53	-3.02%

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 Inc (FCPT) report earnings?

Four Corners Property Trust Inc (FCPT) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).

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

Four Corners Property Trust Inc (FCPT) earnings time is at Aug 05, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

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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 2026 (Q2) is 0.3.