Overview

* Four Corners Property Trust ( FCPT ) Q2 rental revenue rises 10.7% yr/yr to $64.8 mln

* Net income for Q2 increases to $27.9 mln from $24.7 mln last year

* Co acquired 24 properties for $84.4 mln, maintaining strong acquisition strategy

Outlook

* FCPT enters Q3 with significant liquidity and low leverage profile

* Company positioned for growth in second half of 2025

Result Drivers

* PROPERTY ACQUISITIONS - FCPT acquired over $84 mln in properties, focusing on nationally branded, strong brands with sensible rent levels, according to CEO Bill Lenehan

* HIGH RENT COLLECTION - Co received 99.8% of its portfolio contractual base rent for Q2 2025

* LOW LEVERAGE - FCPT enters Q3 with significant liquidity and a low leverage profile, per CEO Bill Lenehan

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $64.81

Rental mln

Revenue

Q2 EPS $0.28

Q2 Net $27.96

Income mln

Q2 $0.355

Dividend

Q2 $31.81

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "buy"

* Wall Street's median 12-month price target for Four Corners Property Trust Inc ( FCPT ) is $30.00, about 12.9% above its July 28 closing price of $26.14

* The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)