Four Corners Property Trust, Inc. · NYSE:FCPT
Four Corners Property Trust — Q3 2025 Earnings Presentation
21 slides from Four Corners Property Trust's earnings presentation, Oct 28, 2025
Slide 1: Q3 2025 Supplemental Financial & Operating Information
Q3 2025 SUPPLEMENTAL FINANCIAL & OPERATING INFORMATION Four Corners Property Trust NYSE: FCPT
Slide 2: Cautionary note regarding forward-looking statements
Cautionary note regarding forward-looking statements: This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding FCPT’s intent, belief or exp
Slide 3: Contents
Q3 2025 CONTENTS 1 FINANCIAL SUMMARY PG 3 2 REAL ESTATE PORTFOLIO SUMMARY PG 13 3 EXHIBITS PG 17
Slide 4: Consolidating Balance Sheet
Q3 2025 CONSOLIDATING BALANCE SHEET
Slide 5: Consolidated Income Statement
Q3 2025 CONSOLIDATED INCOME STATEMENT
Slide 6: FFO & AFFO Reconciliation
Q3 2025 FFO & AFFO RECONCILIATION
Slide 7: Net Asset Value Components
Q3 2025 NET ASSET VALUE COMPONENTS
Slide 8: Capitalization & Key Credit Metrics
Q3 2025 CAPITALIZATION & KEY CREDIT METRICS
Slide 9: Debt Summary
Weighted DEBT SUMMARY Maturity Date September 30, 2025 ($000s) %ofDebt September 30, 2025* Maturity (Yrs.) Revolving facility Feb-2029 11000 0.9% 497% 33 Term loan Nov-2026 100,000 82% 3.72% 11 Term loan Feb-2027 90,000 7.3% 3.77% 13 Term loan Mar-2027 85,000 6.9% 3.72% 15 Term loan Feb-2028 90,000
Slide 10: Credit Facility and Hedging Summary
Q3 2025 CREDIT FACILITY AND HEDGING SUMMARY
Slide 11: Fully Extended Debt Maturity Schedule
Q3 2025 3.4-year Weighted average term for notes/term loans 97% Fixed rate debt 3.92% Weighted average cash interest rate $339 million Available on revolver 1 FULLY EXTENDED DEBT MATURITY SCHEDULE As of 9/30/2025 2
Slide 12: Debt Covenants
DEBT COVENANTS As of September 30, 2025 The following is a summary of the key financial covenants for our unsecured credit facility. These calculations are not based on U.S. GAAP measurements and are presented to demonstrate compliance with current credit covenants Covenants Requirement Q3 2025 Limi
Slide 13: Real Estate Portfolio Summary
Q3 2025 1 FINANCIAL SUMMARY PG 3 3 EXHIBITS PG 17 CONTENTS 3 EXHIBITS PG 1 2 REAL ESTATE PORTFOLIO SUMMARY PG 13
Slide 14: Brand Diversification
Q3 2025 1,294 Leases / 170 Brands Annual Base Rent of $255.6 million1 65% casual dining, 11% quick service, 25% retail 53% Investment Grade2 1.4% Average Annual Rent Escalator3 BRAND DIVERSIFICATION Other casual dining restaurants Auto service Medical retail Other retail 4 Quick service restaurants
Slide 15: Geographic Diversification
Q3 2025 WA OR CA MT ID NV AZ UT WY CO NM TX OK KS NE SD ND MN IA MO AR LA MS AL GA FL SC TN NC IL WI MI OH IN KY WV VA PA NY ME VT NH NJ DE MD MA CT RI GEOGRAPHIC DIVERSIFICATION >10% 5.0%–10.0% 3.0%–5.0% 2.0%–3.0% Annualized Base Rent1 (%) 1.0 %–2.0% <1.0% No Properties 15 Note: Includes two leases
Slide 16: Lease Maturity Schedule
Q3 2025 %ANNUALIZED BASE RENT1 99.5% occupied2 as of 9/30/2025 7.1 years weighted average lease term < 1.9% of rental income matures prior to 2027 LEASE MATURITY SCHEDULE
Slide 17: Exhibits
Q3 2025 2 REAL ESTATE PORTFOLIO SUMMARY PG 13 3 EXHIBITS PG 17 1 FINANCIAL SUMMARY PG 3 CONTENTS
Slide 18: Non-GAAP financial measures definitions
This document includes certain non-GAAP financial measures that management believes are helpful in understanding our business, as further described below. Our definition and calculation of non-GAAP financial measures may differ from those of other REITs and therefore may not be comparable. The non-G
Slide 19: Reconciliation Schedules
Q3 2025 RECONCILIATION SCHEDULES RECONCILIATION OF NET INCOME TO ADJUSTED EBITDARE RENTAL REVENUE AND PROPERTY EXPENSE DETAIL
Slide 20: FFO & AFFO Reconciliation and Debt Summary notes
Q3 2025 PAGE 6 FFO & AFFO RECONCILIATION Amount represents non-cash deferred income tax (benefit) expense recognized at the Kerrow Restaurant Business Assumes the issuance of common shares for OP units held by non-controlling interest PAGE 9 DEBT SUMMARY Borrowings under the term loans accrue intere
Slide 21: Supplemental Financial & Operating Information
Q3 2025 SUPPLEMENTAL FINANCIAL & OPERATING INFORMATION
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