Four Corners Property Trust, Inc. reported second-quarter 2026 results with revenue of $78.42M and diluted EPS of $0.27, reflecting year-over-year growth in revenue and net income driven by acquisitions that expanded its net-leased portfolio and occupancy.
Financial Highlights
- Revenue was $78.418M for 2Q 2026, up from $72.842M in 2Q 2025 (7.6%).
- Net income attributable to common shareholders was $29.964M for 2Q 2026, up from $27.924M in 2Q 2025 (7.3%).
- Diluted earnings per share was $0.27 for 2Q 2026, compared with $0.28 in 2Q 2025 ((3.6%)).
Business Highlights
- Revenue growth was driven by rental and total revenues rising roughly 8–9% year over year, supported by portfolio acquisitions that boosted rental income.
- Acquisition momentum continued with 33 properties acquired in the first half of 2026 and 91 properties acquired over the prior 12 months, expanding the net-leased portfolio.
- The portfolio comprised 1,336 properties across 48 states with 99.5% occupancy and a weighted-average rent‑weighted lease term of 6.6 years.
- Restaurant operations (Kerrow) saw sales grow about 4% year over year on higher guest counts and spend, while operating expenses rose due to commodity cost increases.
- Lease profile remains stable with net leases, approximately 51% of tenants investment-grade, and average annual rent escalators of about 1.5% through 2030, supporting predictable cash flow.
Original SEC Filing:
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