Four Corners Property Trust Q2 rental revenue rises helped by the acquisition of 23 properties
FCPT•Q2 results and dividend
- U.S. restaurant and retail REIT's Q2 rental revenue rose 8% year-over-year to $70 million.
- AFFO per diluted share grew 1.4% to $0.45 in Q2.
- The company completed its largest-ever acquisition and shifted to monthly dividends.
Key details and valuation
| Metric | Actual |
|---|---|
| Q2 rental revenue | $70.04 million |
| Q2 EPS | $0.27 |
| Q2 net income | $30 million |
| Q2 dividend | $0.37 |
| Q2 operating expenses | $35.23 million |
- The current average analyst rating on the shares is buy, with 5 strong buy or buy, 5 hold, and no sell or strong sell ratings.
- The average consensus recommendation for the commercial REITs peer group is .
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