Overview

* FCPT Q3 rental revenue grows 12.2% yr/yr to $66.5 mln

* Net income for Q3 rises to $28.8 mln, reflecting portfolio growth

* Company acquired $82 mln in properties, enhancing portfolio

Outlook

* Company highlights significant liquidity and low leverage profile for future growth

Result Drivers

* PROPERTY ACQUISITIONS - FCPT acquired $82 mln in properties, diversifying across core retail sectors, contributing to portfolio growth

* RENT COLLECTION - Co received 99.9% of its portfolio contractual base rent for Q3, indicating strong rent collection

* LOW LEVERAGE - FCPT maintains one of the lowest leverage profiles in its history, supporting future growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $66.5

Rental mln

Revenue

Q3 EPS $0.28

Q3 Net $28.87

Income mln

Q3 $0.35

Dividend

Q3 $32.47

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 6 "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 $29.00, about 16.1% above its October 27 closing price of $24.34

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release:

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(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.)