Every material Form 8-K Four Corners Property Trust has filed with the SEC since September 19, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Four Corners Property Trust reported third-quarter 2026 results, with rental revenue up 13.8% to $75.7 million and AFFO per diluted share up 2.9% to $0.46. Net income attributable to common shareholders was flat at $28.8 million, but diluted EPS fell to $0.26 from $0.28 a year earlier. The company also authorized a $100 million share repurchase program, its first, which matters to shareholders because it signals management views buybacks as a use of capital alongside property acquisitions.
Rental revenue rose 13.8% year over year to $75.7 million; total revenues were $83.7 million versus $74.1 million
Net income attributable to common shareholders was $28.8 million, or $0.26 per diluted share, versus $0.28 a year earlier
AFFO per diluted share was $0.46, up 2.9%; NAREIT FFO per diluted share was $0.43, up 2.4%
Board authorized a share repurchase program of up to $100 million; the company acquired 120 properties for $326.3 million in the quarter
Four Corners Property Trust (FCPT) reported second quarter 2026 rental revenue of $70.0 million, up 8.0% from a year earlier, and net income attributable to common shareholders of $30.0 million. Diluted earnings per share fell to $0.27 from $0.28, while AFFO per diluted share rose 1.4% to $0.45 and NAREIT FFO per share was flat at $0.42. In July the company closed a $268 million acquisition and expanded its credit facility to $1.15 billion, and it moved to monthly dividends.
Rental revenue up 8.0% to $70.0 million; net income $30.0 million, or $0.27 per diluted share, versus $0.28 a year earlier
AFFO per diluted share $0.45, up 1.4%; NAREIT FFO per diluted share $0.42, flat year over year
July 2026 acquisition of The Mission Pet Health portfolio: 102 buildings for $268 million, described as the largest single investment in company history
On July 28, 2026, credit facility increased from $940 million to $1.15 billion; monthly dividends of $0.1222 declared for July, August and September
Four Corners Property Trust reported first-quarter 2026 results, with rental revenue up 10.0% to $69.8 million and net income attributable to common shareholders of $30.3 million, compared with $26.2 million a year earlier. Adjusted funds from operations (AFFO) per diluted share rose 3.4% to $0.45, and the company said 99.7% of contractual base rent for the quarter had been received. The company also entered a $200 million term loan on April 6, 2026, with $50 million drawn at close.
Rental revenue rose 10.0% year over year to $69.8 million for the quarter ended March 31, 2026.
Net income attributable to common shareholders was $30.3 million, or $0.28 per diluted share, versus $0.26 per diluted share a year earlier.
AFFO per diluted share was $0.45, up 3.4%; NAREIT-defined FFO per diluted share was $0.42, up 4.7%.
On April 6, 2026, the company entered a $200 million senior unsecured delayed draw term loan maturing April 6, 2033, with $50 million drawn at close.
Four Corners Property Trust (FCPT) entered into a $200 million senior unsecured delayed draw term loan facility on April 6, 2026, with $50 million funded at closing and the remaining $150 million expected to be drawn in late Q2 and early Q3 2026. The company said it will use the proceeds to fund property acquisitions and for general corporate purposes, and the loan matures April 6, 2033.
$200 million facility; $50 million funded at closing on April 6, 2026, with $150 million in delayed draw commitments remaining
Interest at SOFR plus 1.15% to 2.20%, or an alternate base rate option, with the margin set by the company's senior unsecured credit rating; company filings cite a 1.25% margin and an estimated all-in rate of 4.9%
Matures April 6, 2033; no amortization before maturity; prepayment fees of 2.00% before the first anniversary and 1.00% before the second
Financial covenants include total leverage not exceeding 60% and minimum fixed charge coverage of 1.50 to 1.00; the company's parent guaranty backs the loan
Four Corners Property Trust (FCPT) elected Michael Friedland, 66, to its Board of Directors effective April 1, 2026, expanding the board to eight members. The Board determined he is independent under NYSE rules, after considering his prior JPMorgan employment and the company's ordinary-course banking relationships with JPMorgan.
Michael Friedland, 66, joins the Board effective April 1, 2026, with a term expiring at the 2026 annual meeting.
He will serve on the Investment Committee and Nominating and Governance Committee.
He most recently served as Vice Chair of Global Corporate Banking at JPMorgan Chase Bank, N.A., until retiring in March 2026, after more than 30 years there.
With his addition, the Board has eight members, seven of whom are independent.
Four Corners Property Trust (FCPT) reported fourth-quarter and full-year 2025 results on February 11, 2026, with higher net income, revenue and per-share AFFO and FFO than a year earlier. The filing also says management will present a company overview at upcoming investor presentations, and an earnings call is scheduled for February 12, 2026.
Q4 2025 net income attributable to common shareholders was $29.4 million, or $0.28 per diluted share, versus $26.2 million, or $0.27, in Q4 2024.
Full-year 2025 AFFO per diluted share was $1.78, up from $1.73; NAREIT-defined FFO per diluted share was $1.68, up from $1.65.
FCPT acquired 105 properties in 2025 for a combined $317.9 million and sold no properties during the year.
Q4 2025 dividend was $0.3665 per share, an increase of 3.2% over the prior quarter.
Four Corners Property Trust, Inc. entered into indemnification agreements with each of its independent directors, effective November 5, 2025. The agreements commit the company to indemnify directors to the maximum extent permitted under Maryland law and its charter, and to advance expenses in covered proceedings. The filing is a routine governance matter with no financial figures disclosed.
Agreements entered into November 5, 2025 with each independent director, effective the same date
Company will indemnify directors to the maximum extent permitted under Maryland law and its charter
Filing notes the SEC's view that indemnification for Securities Act liabilities is against public policy and unenforceable
Four Corners Property Trust reported third-quarter 2025 results, with rental revenue up 12.2% and net income attributable to common shareholders rising from $25.6 million to $28.8 million. Management also said it acquired 28 properties for $82.0 million during the quarter and declared a $0.3550 per share dividend, and it will hold a conference call on October 29, 2025.
Rental revenue rose 12.2% year over year to $66.5 million in the third quarter.
Diluted net income per share was $0.28, up from $0.27; net income attributable to common shareholders was $28.8 million.
AFFO per diluted share was $0.45, up $0.02 from the same quarter of 2024.
Acquired 28 properties for $82.0 million; no properties were sold in the quarter.
Four Corners Property Trust (FCPT) reported second-quarter 2025 results, with rental revenue up 10.7% from a year earlier and net income attributable to common shareholders of $27.9 million, or $0.28 per diluted share. The company also acquired 24 properties for $84.4 million and reported that it received 99.8% of contractual base rent for the quarter, which indicates steady growth and rent collection for shareholders.
Rental revenue rose 10.7% to $64.8 million; net income attributable to common shareholders was $27.9 million, or $0.28 per diluted share, versus $0.27 a year earlier.
NAREIT FFO per diluted share was $0.42, up $0.01; AFFO per diluted share was $0.44, up $0.01.
During the quarter FCPT acquired 24 properties for $84.4 million at an initial weighted average cash yield of 6.7%; it sold no properties.
Declared a second-quarter 2025 dividend of $0.3550 per common share; the filing gives no updated full-year guidance.
Four Corners Property Trust said Douglas B. Hansen became Chair of the Board effective June 5, 2025, succeeding John S. Moody, who retired as Chair under a previously announced succession plan. At the same day's annual meeting, stockholders re-elected all seven directors, ratified KPMG LLP as the independent auditor for 2025, and approved executive compensation on a non-binding advisory basis.
Douglas B. Hansen assumed the Chair role effective June 5, 2025; John S. Moody retired as Chair.
At the June 5, 2025 annual meeting, all seven director nominees were re-elected to one-year terms expiring in 2026.
KPMG LLP ratification received 92,305,783 votes for and 679,137 against for fiscal 2025.
Advisory say-on-pay proposal was approved with 87,365,639 votes for and 1,295,143 against.
Four Corners Property Trust reported first-quarter 2025 results on April 30, 2025, with rental revenue up 8.4% to $63.5 million and net income attributable to common shareholders of $26.2 million, up from $24.0 million a year earlier. Net income and FFO per diluted share were flat year over year at $0.26 and $0.41, while AFFO per diluted share rose $0.01 to $0.44. The company also acquired 23 properties for $56.5 million during the quarter.
Total revenues were $71.5 million, up from $66.5 million in the first quarter of 2024.
Net income attributable to common shareholders was $26.2 million, or $0.26 per diluted share, compared with $24.0 million, or $0.26 per diluted share, a year earlier.
AFFO per diluted share was $0.44, up from $0.43; FFO per diluted share was flat at $0.41.
The company declared a dividend of $0.3550 per common share for the first quarter of 2025, up from $0.3450 a year earlier.
Four Corners Property Trust said non-executive Chair John S. Moody will not stand for re-election to the board at the 2025 Annual Meeting of Stockholders, and that his decision was not based on any disagreement with the company or management. Director Douglas B. Hansen is slated to become Chair after the annual meeting, contingent on his re-election to the board.
John S. Moody informed the board on March 6, 2025 that he will not stand for re-election at the 2025 Annual Meeting
Moody will remain a director and Chair until the 2025 Annual Meeting
Douglas B. Hansen, a current board member, is set to become Chair, subject to his re-election
Four Corners Property Trust reported fourth-quarter and full-year 2024 results, with rental revenue up 5.3% year over year to $60.7 million and full-year AFFO per diluted share up $0.06 to $1.73. Per-share net income was flat for both periods, while FFO per diluted share was flat for the quarter and up $0.03 for the year. The company also announced a larger credit facility and a $0.3550 quarterly dividend.
Q4 2024 rental revenue was $60.7 million, up 5.3%; Q4 net income attributable to common shareholders was $26.2 million, or $0.27 per diluted share, versus $0.27 a year earlier.
Full-year 2024 FFO per diluted share was $1.65, up $0.03; AFFO per diluted share was $1.73, up $0.06.
The company acquired 45 properties for $132.5 million in Q4 2024 and 87 properties for $264.6 million in 2024, with no dispositions.
The credit facility increased from $765 million to $940 million; the company declared a Q4 2024 dividend of $0.3550 per common share.
Four Corners Property Trust entered a Fourth Amended and Restated Revolving Credit and Term Loan Agreement on January 31, 2025, with JPMorgan Chase Bank, N.A. as administrative agent. The total facility rises from $765 million to $940 million, including a $350 million revolver and $590 million of term loans. The filing says the new term loan will partly repay $150 million of loans due November 2025, and the financing adds $75 million of incremental proceeds.
Total facility increases from $765 million to $940 million: $350 million revolving credit and $590 million term loans
Term loan proceeds will partly repay $150 million of loans maturing November 2025 and provide $75 million of incremental proceeds for investments and general corporate purposes
Revolver and Term Loan A-1 mature February 1, 2029; the $100 million Term Loan A-2 matures November 9, 2026, with a one-year extension option
Financial covenants include a total leverage ratio not to exceed 60% and a minimum fixed charge coverage ratio of 1.50 to 1.00
Four Corners Property Trust (FCPT) reported third quarter 2024 results. Total revenues rose to $66.8 million from $64.8 million, and net income attributable to common shareholders rose to $25.6 million from $24.2 million, though diluted earnings per share stayed at $0.27. Per-share FFO was flat at $0.41, while AFFO per share rose $0.01 to $0.43, and the company declared a $0.345 quarterly dividend.
Total revenues were $66.8 million for the quarter, up from $64.8 million a year earlier.
Net income attributable to common shareholders was $25.6 million, or $0.27 per diluted share, compared with $24.2 million, or $0.27 per diluted share.
AFFO per diluted share was $0.43, up $0.01 from the prior-year quarter; NAREIT FFO per diluted share was flat at $0.41.
FCPT acquired 21 properties for $70.7 million in the quarter and sold 8,186,571 shares through its at-the-market program from July 1 through October 30, 2024, for anticipated gross proceeds of $224.1 million.
Four Corners Property Trust amended the transition agreement with Gerald R. Morgan, its former Chief Financial Officer, on September 17, 2024. His employment now ends September 30, 2024 instead of October 31, 2024, and his consulting role starts October 1, 2024 instead of November 1, 2024. The change is administrative in scope and the filing gives no financial figures.
Amendment dated September 17, 2024, to the Transition Agreement with former CFO Gerald R. Morgan
Morgan's employment termination moved from October 31, 2024 to September 30, 2024
Consulting start date moved from November 1, 2024 to October 1, 2024
Amendment adds a standard customer non-solicitation restriction, effective during and after his employment and consultancy
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