Business
FCPT Announces Fourth Quarter 2025 Financial and Operating Results
MILL VALLEY, Calif., February 11, 2026--Four Corners Property Trust, Inc. ("FCPT" or the "Company", NYSE: FCPT) today announced financial results for the three and twelve months ended December 31, 2025.
About this update from Four Corners Property Trust, Inc.
[{"type":"text","content":"MILL VALLEY, Calif., February 11, 2026--(BUSINESS WIRE)--Four Corners Property Trust, Inc. ("FCPT" or the "Company", NYSE: FCPT) today announced financial results for the three and twelve months ended December 31, 2025.","length":239,"tagName":"p"},{"type":"text","content":"Management Comments","length":19,"tagName":"p"},{"type":"text","content":""FCPT delivered another strong year in 2025, achieved by raising capital efficiently and by deploying that capital into a series of high value new investments. We invested a near record $318 million across 105 properties located in strong retail corridors and leased to a set of nationally branded operators. We achieved these results while never wavering from our commitment to using an insights driven scoring system and to maintaining a steadfast set of pricing objectives," said CEO Bill Lenehan. "We funded acquisitions primarily through equity issued at accretive pricing which lowers our leverage profile and provides us with an over-equitized capital position and significant leverage capacity entering 2026. We believe that we are in a very strong position to continue progress toward our growth objectives."","length":837,"tagName":"p"},{"type":"text","content":"Rent Collection Update","length":22,"tagName":"p"},{"type":"text","content":"As of December 31, 2025, the Company has received rent payments representing 99.5% of its portfolio contractual base rent for the quarter ending December 31, 2025, 99.8% for the year ending December 31, 2025.","length":208,"tagName":"p"},{"type":"text","content":"Financial Results","length":17,"tagName":"p"},{"type":"text","content":"Rental Revenue and Net Income Attributable to Common Shareholders","length":65,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Rental revenue for the fourth quarter increased 11.6% over the prior year to $67.8 million. Rental revenue consisted of $67.5 million in cash rents and $0.3 of straight-line and other non-cash rent adjustments.","length":210,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":210,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Net income attributable to common shareholders was $29.4 million for the fourth quarter, or $0.28 per diluted share. These results compare to net income attributable...