Four Corners Property Trust (FCPT) Tops Q2 EPS by 1c

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Go back to Four Corners Property Trust (FCPT) Tops Q2 EPS by 1c

FCPT Announces Second Quarter 2023 Financial and Operating Results

August 1, 2023 4:05 PM EDT

MILL VALLEY, Calif.--(BUSINESS WIRE)-- Four Corners Property Trust, Inc. (FCPT or the Company) (NYSE: FCPT) today announced financial results for the three months and six months ended June 30, 2023.

Management Comments

In the second quarter, FCPT capitalized on the more buyer-friendly market environment to acquire $170 million of high-quality properties. Including the $110 million of acquisitions closed in July, our year to date acquisition totals are $301 million, which surpasses our previous highest annual acquisition total, said CEO Bill Lenehan. Our portfolio is performing well with high occupancy and... More