The earnings call presented a generally positive outlook with strong acquisition volumes, financial growth, and diversification achievements. However, concerns about acquisition pricing and potential economic impacts were noted.

Company Guidance -

Q3 2025

During the FCPT Second Quarter 2025 Financial Results call, the company provided various metrics highlighting its performance and strategic initiatives. FCPT acquired $84 million in properties in Q2 at a 6.7% blended cap rate, contributing to a total of $344 million in acquisitions over the last 12 months. Rent coverage remained strong at 5x for the majority of the portfolio. The diversification strategy was emphasized, with Olive Garden and LongHorn now comprising 42% of rent, down from a combined 94% at spin-off, and 34% of rent now outside casual dining, including quick service (11%), automotive service (12%), and medical retail (9%). The portfolio's occupancy was 99.4%, with 99.8% of base rent collected. FCPT's leverage was managed effectively, with net debt to adjusted EBITDAR at 4.5x, and the company raised nearly $0.5 billion in equity over the past year. The AFFO per share increased by 2.8% from the previous year, and rental income grew by over 11% in the quarter.

High Volume of Property Acquisitions

Acquired $344 million of properties over the last 12 months, one of the highest volumes in four consecutive quarters. Q2 acquisitions totaled $84 million at a 6.7% cap rate.

Strong Rent Coverage and Low Bad Debt

Rent coverage in Q2 was 5x for the majority of the portfolio. Total bad debt since 2016 is only $1.76 million against $1.5 billion in rent collected, equating to an average of 12 basis points per year.

Diversification and Portfolio Resilience

Diversified from 418 properties across 5 brands in 2015 to 1,260 leases across 165 brands in 2025. 34% of rent now outside of casual dining.

Strong Financial Position

Raised nearly $0.5 billion of equity over the last 12 months. Net debt to adjusted EBITDAR was 4.5x, leverage near a 7-year low.

AFFO and Rental Income Growth

AFFO per share of $0.44, up 2.8% from Q2 last year. Rental income grew over 11% compared to last 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 0.28.

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