Revenue: As of FY2026 Q1, the actual value is USD 78.17 M.EPS: As of FY2026 Q1, the actual value is USD 0.28, missing the estimate of USD 0.2802.EBIT: As of FY2026 Q1, the actual value is USD 43.59 M.<h4>Financial Highlights for Three Months Ended March 31, 2026 (vs. March 31, 2025)</h4><h4>Segment Revenue</h4><ul><li>Rental Revenue increased by 10.0% to $69.8 million, compared to $63.482 million in the prior year period, consisting of $70.0 million in cash rents and $0.2 million in straight-line and other non-cash rent adjustments .</li><li>Restaurant Revenue was $8.353 million, up from $7.994 million .</li><li>Total Revenues were $78.166 million, compared to $71.476 million .</li></ul><h4>Operational Metrics (Profitability and Expenses)</h4><ul><li>Net Income was $30.366 million, up from $26.186 million .</li><li>Net Income Attributable to Common Shareholders was $30.334 million, compared to $26.156 million in the same quarter of the prior year .</li><li>Adjusted Funds from Operations (AFFO) per diluted share was $0.45, representing a 3.4% growth compared to the prior year .</li><li>Total AFFO was $49.690 million, compared to $43.862 million .</li><li>Funds from Operations (FFO) per diluted share was $0.42, representing a 4.7% growth compared to the prior year .</li><li>Total FFO (as defined by NAREIT) was $46.477 million, compared to $40.578 million .</li><li>General and Administrative (G&amp;A) Expense was $7.485 million, down from $7.639 million, including $2.6 million of stock-based compensation compared to $2.8 million in the prior year .</li><li>Cash G&amp;A Expense was $4.9 million, representing 7.0% of cash rental income, consistent with $4.9 million in the prior year but a decrease from 7.7% of cash rental income .</li><li>Depreciation and Amortization was $16.186 million, up from $14.429 million .</li><li>Property Expenses were $3.375 million, up from $3.265 million .</li><li>Restaurant Expenses were $7.877 million, up from $7.555 million .</li><li>Total Operating Expenses were $34.923 million, up from $32.888 million .</li><li>Interest Expense was - $13.121 million, compared to - $12.731 million .</li><li>Other Income, Net was $342 thousand, compared to $392 thousand .</li><li>Income Tax Expense was - $98 thousand, compared to - $63 thousand .</li></ul><h4>Cash Flow and Liquidity</h4><ul><li>As of March 31, 2026, Four Corners Property Trust, Inc. had approximately $380 million of available liquidity, including $30 million of cash and cash equivalents and $350 million of capacity under its revolving credit facility .</li><li>As of March 31, 2026, the Company had $1,215 million of outstanding debt, comprising $590 million of term loans and $625 million of unsecured fixed rate notes, with no outstanding revolver balance .</li><li>Leverage, measured by the ratio of net debt to adjusted EBITDAre, was 5.0x at quarter-end .</li><li>On April 6, 2026, Four Corners Property Trust, Inc. entered into a new $200 million senior unsecured delayed draw term loan facility with a seven-year tenor, maturing on April 6, 2033 .</li><li>$50 million of this facility was drawn at close to fund immediate investment pipeline and general corporate purposes .</li><li>As of March 31, 2026, the weighted average term for notes/term loans was 2.9 years, with 100% fixed rate debt and a weighted average cash interest rate of 4.03% .</li><li>Four Corners Property Trust, Inc. had $350 million available on its revolver .</li><li>As of March 31, 2026, Four Corners Property Trust, Inc. had no mortgage debt and 100% of its properties were unencumbered .</li><li>The all-in cash interest rate on the fixed portion of the term loan, including the credit spread, is approximately 4.0% for 2026, 4.0% for 2027, 4.3% for 2028, and 4.5% for 2029 .</li><li>The annual amortization (benefit) of net hedge gains is currently $219 thousand per year .</li><li>As of April 29, 2026, Four Corners Property Trust, Inc. had entered into interest rate swaps fixing $640 million through November 2026, $640 million through November 2027, $615 million through November 2028, and $380 million through November 2029 .</li></ul><h4>Unique Metrics</h4><ul><li>Rent Collection was 99.7% of its portfolio contractual base rent for the quarter as of March 31, 2026 .</li><li>The Real Estate Portfolio consisted of 1,313 properties located in 48 states, 99.6% occupied under long-term, net leases with a weighted average remaining lease term of approximately 6.7 years .</li><li>During the first quarter, Four Corners Property Trust, Inc. acquired ten properties for a combined purchase price of $26.2 million, with an initial weighted average cash yield of 6.8% and a weighted average remaining lease term of 10.0 years . The acquired properties were diversified by purchase price: 28% auto service, 26% medical retail, 23% casual dining restaurants, and 23% quick service restaurants .</li><li>No properties were sold during the first quarter ended March 31, 2026 .</li><li>Four Corners Property Trust, Inc. declared a dividend of $0.3665 per common share for the first quarter of 2026, which was declared on March 5, 2026, and paid on April 15, 2026 .</li><li>As of March 31, 2026, Four Corners Property Trust, Inc. had 1,333 leases across 180 brands, with an Annual Base Rent of $266.1 million .</li><li>The portfolio is 100% retail, with 52% of tenants having Investment Grade ratings and an average annual rent escalator of 1.5% .</li><li>Less than 1.0% of rental income matures prior to 2027, and the first year for Darden spin-off lease maturities is 2027, with Four Corners Property Trust, Inc.’s Darden leases averaging 5.8x rent coverage .</li></ul><h4>Outlook / Guidance</h4>Four Corners Property Trust, Inc. anticipates that the remaining $150 million of delayed draw term loan commitments from its new $200 million facility will be fully funded during late Q2 and early Q3 of 2026 . The Company aims to grow its portfolio by acquiring additional real estate for net leasing in the restaurant and retail industries . Management believes the new capital and portfolio strength provide the ability to pursue growth opportunities .

Four Corners Property Trust | 8-K: FY2026 Q1 Revenue: USD 78.17 M