Every material Form 8-K Four Corners Property Trust filed with the SEC in 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 (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
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Four Corners Property Trust filing is on SEC EDGAR ↗. 8-K briefs of other companies →