FCPT Q2 FY26 net income slips to $30 million; revenue rises 8% to $70 million

FCPT Q2 2026 net income attributable to common shareholders rose to $29.96 million; diluted EPS held at $0.27.

Rental revenue increased 8% year over year to $70.04 million; AFFO per diluted share rose 1.4% to $0.45.

Portfolio rent collections reached 99.7% of contractual base rent; occupancy stood at 99.5% across 1,336 properties.

Q2 acquisitions totaled $57.2 million for 23 properties at a 6.8% initial weighted average cash yield; no properties were sold.

July included a record $268 million Mission Pet Health portfolio buy; Darden exposure fell to about 41% of total rent.