FCPT Q3 net income rises to $25.6 million; FFO flat at $0.41 per share
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.