FCPT Q3 2026 AFFO per share rises 2.9% to $0.46; GAAP EPS falls to $0.26
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
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.