Four Corners Property Trust Inc (FCPT) financial statements: income statement, balance sheet and cash flow
Four Corners Property Trust Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Four Corners Property Trust Inc reported revenue of $294.1M (+9.7% year on year) and net income of $112.5M (+11.8% year on year).
Income statement
Four Corners Property Trust Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Rental
$262.6M
$237.1M
$219.9M
$193.6M
Restaurant
$31.5M
$30.9M
$30.7M
$29.6M
Total revenues
$294.1M
$268.1M
$250.6M
$223.2M
General and administrative
$26.8M
$23.8M
$22.7M
$20.0M
Depreciation and amortization
$60.4M
$54.5M
$50.7M
$41.5M
Expenses
$43.0M
$40.6M
$40.3M
$35.8M
Total operating expenses
$130.3M
$118.9M
$113.7M
$97.3M
Interest expense
($51.9M)
($49.2M)
($44.6M)
($36.4M)
Other income, net
$800.0K
$963.0K
$919.0K
$542.0K
Realized gain on sale, net
$0
$0
$2.3M
$8.1M
Income tax expense
($303.0K)
($308.0K)
($130.0K)
($237.0K)
Net income
$112.5M
$100.6M
$95.5M
$97.9M
Net income attributable to noncontrolling interest
($124.0K)
($122.0K)
($122.0K)
($136.0K)
Net Income Available to Common Shareholders
$112.4M
$100.5M
$95.3M
$97.8M
Basic net income per share (in usd per share)
$1.09
$1.07
$1.08
$1.20
Diluted net income per share (in usd per share)
$1.09
$1.07
$1.07
$1.20
Basic (in shares)
102.7M
93.6M
88.5M
81.6M
Diluted (in shares)
102.9M
94.1M
88.7M
81.8M
Dividends declared per common share (in usd per share)
$1.43
$1.39
$1.36
$1.34
Four Corners Property Trust Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Rental revenue
$70.0M
$69.8M
$66.5M
$64.8M
Restaurant revenue
$8.4M
$8.4M
$7.6M
$8.0M
Total revenues
$78.4M
$78.2M
$74.1M
$72.8M
General and administrative
$7.2M
$7.5M
$6.5M
$6.4M
Depreciation and amortization
$16.6M
$16.2M
$15.1M
$14.6M
Expenses
$11.4M
$11.3M
$10.9M
$10.7M
Total operating expenses
$35.2M
$34.9M
$32.5M
$31.8M
Interest expense
($13.8M)
($13.1M)
($13.0M)
($13.1M)
Other income
$684.0K
$342.0K
$188.0K
$113.0K
Income tax expense
($67.0K)
($98.0K)
($30.0K)
($112.0K)
Net income
$30.0M
$30.4M
$28.9M
$28.0M
Net income attributable to noncontrolling interest
($31.0K)
($32.0K)
($32.0K)
($31.0K)
Net Income Available to Common Shareholders
$30.0M
$30.3M
$28.8M
$27.9M
Basic net income per share (in usd per share)
$0.27
$0.28
$0.28
$0.28
Diluted net income per share (in usd per share)
$0.27
$0.28
$0.28
$0.28
Basic (in shares)
109.5M
109.3M
103.9M
100.8M
Diluted (in shares)
109.8M
109.6M
104.2M
101.2M
Dividends declared per common share (in usd per share)
$0.37
$0.37
$0.35
$0.35
Balance sheet
Four Corners Property Trust Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Land
$1.5B
$1.4B
$1.2B
$1.1B
Buildings, equipment and improvements
$2.0B
$1.8B
$1.7B
$1.5B
Total real estate investments
$3.5B
$3.2B
$2.9B
$2.7B
Less: accumulated depreciation
($817.0M)
($775.5M)
($738.9M)
($706.7M)
Real estate investments, net
$2.7B
$2.4B
$2.2B
$1.9B
Intangible real estate assets, net
$129.4M
$123.6M
$118.0M
$106.2M
Total real estate investments and intangible real estate assets, net
$2.8B
$2.5B
$2.3B
$2.1B
Cash and cash equivalents
$12.1M
$4.1M
$16.3M
$26.3M
Straight-line rent adjustment
$71.8M
$68.6M
$64.8M
$61.0M
Derivative assets
$9.4M
$20.7M
$21.0M
$35.3M
Deferred tax assets
$1.7M
$1.4M
$1.2M
$988.0K
Other assets
$15.7M
$11.4M
$19.9M
$12.3M
Total Assets
$2.9B
$2.7B
$2.5B
$2.2B
Term loan and revolving credit facility, net of deferred financing costs
$581.9M
$516.3M
$441.7M
—
Senior unsecured notes, net of deferred financing costs
$622.3M
$621.6M
$670.9M
—
Dividends payable
$39.6M
$35.4M
$31.5M
$29.1M
Rent received in advance
$17.9M
$6.7M
$14.3M
$11.7M
Derivative liabilities
$5.1M
$473.0K
$3.0M
$9.0K
Other liabilities
$24.2M
$21.8M
$30.3M
$24.0M
Total liabilities
$1.3B
$1.2B
$1.2B
$1.1B
Preferred stock, par value $0.0001 per share, 25,000,000 authorized, zero shares issued and outstanding.
$0.00
$0.00
$0.00
$0.00
Common stock, $0.0001 par value per share, 500,000,000 shares authorized, 108,188,605 and 99,825,119 shares issued and outstanding, respectively
$11000.00
$10000.00
$9000.00
—
Additional paid-in capital
$1.7B
$1.5B
$1.3B
$1.1B
Accumulated deficit
($93.6M)
($57.7M)
($26.3M)
$576.0K
Accumulated other comprehensive income
$7.7M
$23.6M
$22.0M
$30.9M
Noncontrolling interest
$2.1M
$2.2M
$2.2M
$2.3M
Total equity
$1.6B
$1.5B
$1.3B
$1.1B
Total Liabilities and Equity
$2.9B
$2.7B
$2.5B
$2.2B
Four Corners Property Trust Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Land
$1.5B
$1.5B
$1.5B
$1.4B
Buildings, equipment and improvements
$2.0B
$2.0B
$1.9B
$1.9B
Total real estate investments
$3.6B
$3.5B
$3.4B
$3.3B
Less: accumulated depreciation
($839.6M)
($828.5M)
($806.0M)
($795.3M)
Total real estate investments, net
$2.7B
$2.7B
$2.6B
$2.5B
Intangible real estate assets, net
$128.4M
$126.6M
$124.0M
$122.2M
Total real estate investments and intangible real estate assets, net
$2.9B
$2.8B
$2.7B
$2.7B
Cash and cash equivalents
$24.8M
$29.6M
$6.7M
$6.0M
Straight-line rent adjustment
$73.0M
$72.5M
$71.0M
$70.1M
Derivative assets
$15.3M
$11.5M
$10.3M
$11.8M
Deferred tax assets
$1.8M
$1.7M
$1.6M
$1.5M
Other assets
$19.3M
$16.4M
$15.3M
$15.0M
Total Assets
$3.0B
$3.0B
$2.8B
$2.8B
Term loan and revolving credit facility, net of deferred financing costs
$630.7M
$582.5M
$592.2M
$580.8M
Senior unsecured notes, net of deferred financing costs
$622.6M
$622.5M
$622.1M
$622.0M
Dividends payable
$80.4M
$40.1M
$37.0M
$36.2M
Rent received in advance
$16.3M
$16.4M
$15.8M
$15.6M
Derivative liabilities
$446.0K
$2.9M
$5.8M
$5.4M
Other liabilities
$23.6M
$23.4M
$25.7M
$22.6M
Total liabilities
$1.4B
$1.3B
$1.3B
$1.3B
Preferred stock, $0.0001 par value per share, 25,000,000 shares authorized, zero shares issued and outstanding
$0.00
$0.00
$0.00
$0.00
Common stock, $0.0001 par value per share, 500,000,000 shares authorized, 109,756,406 and 108,188,605 shares issued and outstanding, respectively
$11000.00
$11000.00
$10000.00
$10000.00
Additional paid-in capital
$1.8B
$1.8B
$1.6B
$1.5B
Accumulated deficit
($153.8M)
($103.3M)
($83.4M)
($75.3M)
Accumulated other comprehensive income
$18.2M
$11.9M
$7.9M
$9.8M
Noncontrolling interest
$2.1M
$2.1M
$2.1M
$2.1M
Total equity
$1.6B
$1.7B
$1.5B
$1.5B
Total Liabilities and Equity
$3.0B
$3.0B
$2.8B
$2.8B
Cash flow statement
Four Corners Property Trust Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$112.5M
$100.6M
$95.5M
$97.9M
Depreciation and amortization
$59.6M
$54.5M
$50.7M
$41.5M
Impairment of long-lived assets
$827.0K
—
—
—
Gain on disposal of land, building, and equipment
$0
$0
($2.3M)
($8.1M)
Non-cash revenue adjustments
$1.9M
$2.1M
$2.1M
$2.2M
Amortization of financing costs
$3.2M
$2.6M
$2.3M
$2.1M
Stock-based compensation expense
$8.9M
$7.0M
$6.3M
$5.0M
Deferred income taxes
($231.0K)
($200.0K)
($259.0K)
($125.0K)
Derivative assets and liabilities
($64.0K)
($618.0K)
$8.3M
$633.0K
Straight-line rent adjustment
($3.2M)
($3.8M)
($5.5M)
($6.4M)
Rent received in advance
$11.2M
($7.6M)
$2.6M
$399.0K
Intangible assets (lease incentives)
($97.0K)
($1.6M)
($1.2M)
$72.0K
Other assets and liabilities
($2.2M)
($8.8M)
$6.7M
$6.9M
Net cash provided by operating activities
$192.3M
$144.1M
$165.1M
$142.0M
Purchases of real estate investments
($325.5M)
($273.0M)
($341.1M)
—
Proceeds from sale of real estate investments
$0
$0
$27.8M
$25.0M
Other
$250.0K
—
—
—
Net cash used in investing activities
($325.3M)
($272.9M)
($312.8M)
($270.9M)
Proceeds from ATM equity issuance, net of issuance costs
$225.2M
$215.9M
$153.4M
$141.8M
Proceeds from issuance of senior notes
$0
$0
$100.0M
$125.0M
Repayment of senior notes
$0
($50.0M)
—
—
Proceeds from term loan borrowing
$75.0M
$85.0M
$0
$30.0M
Payment of deferred financing costs
($6.9M)
($1.4M)
($1.1M)
($3.2M)
Proceeds from revolving credit facility
$187.0M
$217.0M
$145.0M
$28.0M
Repayment of revolving credit facility
($192.0M)
($228.0M)
($129.0M)
($64.0M)
Payment of dividend to shareholders
($144.0M)
($128.1M)
($119.7M)
($107.5M)
Distribution to non-controlling interests
($164.0K)
($159.0K)
($157.0K)
($153.0K)
Shares withheld for taxes upon vesting
-3.2M
-2.1M
-2.3M
-1.0M
Net cash provided by financing activities
$141.0M
$108.1M
$146.2M
$148.9M
Net increase (decrease) in cash and cash equivalents, including restricted cash
$8.1M
($20.7M)
($1.5M)
$20.0M
Cash and cash equivalents, including restricted cash, beginning of year
$4.1M
$24.8M
$26.3M
$6.3M
Cash and cash equivalents, including restricted cash, ending of year
$12.1M
$4.1M
$24.8M
$26.3M
Interest paid
$57.9M
$59.1M
$49.5M
$30.7M
Taxes paid
$564.0K
$449.0K
$369.0K
$332.0K
Operating lease payments received (lessor)
$249.4M
$225.4M
$207.3M
$182.8M
Operating lease payments remitted (lessee)
$794.0K
$926.0K
$905.0K
$903.0K
Dividends declared but not paid
$39.6M
$35.4M
$31.5M
$29.1M
Change in fair value of derivative instruments
($15.9M)
$2.3M
($17.3M)
$40.2M
Four Corners Property Trust Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$60.4M
$30.4M
$83.0M
$54.1M
Depreciation and amortization
$32.8M
$16.2M
$44.1M
$29.0M
Gain on exchange of nonfinancial assets
($377.0K)
—
—
—
Non-cash revenue adjustments
$1.0M
$544.0K
$1.4M
$964.0K
Amortization of financing costs
$1.7M
$799.0K
$2.4M
$1.6M
Stock-based compensation expense
$5.1M
$2.6M
$7.0M
$4.8M
Deferred income taxes
($76.0K)
($40.0K)
($169.0K)
($69.0K)
Derivative assets and liabilities
($25.0K)
($14.0K)
($51.0K)
($37.0K)
Straight-line rent adjustment
($1.2M)
($778.0K)
($2.4M)
($1.6M)
Rent received in advance
($1.7M)
($1.6M)
$9.0M
$8.8M
Intangible assets (lease incentive payments)
($48.0K)
—
($85.0K)
($70.0K)
Other assets and liabilities
$409.0K
($944.0K)
$55.0K
($2.3M)
Net cash provided by operating activities
$97.8M
$47.2M
$144.2M
$95.3M
Purchases of real estate investments
($85.5M)
($26.8M)
($228.2M)
($144.3M)
Changes in acquisition deposits
($4.6M)
—
$0
($350.0K)
Net cash used in investing activities
($90.1M)
($27.3M)
($228.2M)
($144.7M)
Proceeds from ATM equity issuance, net of issuance costs
$39.1M
$39.1M
$122.8M
$62.0M
Payment of deferred financing costs
($2.5M)
$0
($6.9M)
($6.7M)
Proceeds from term loan borrowing
$50.0M
$0
$75.0M
$75.0M
Proceeds from revolving credit facility
$4.0M
$4.0M
$150.0M
$88.0M
Repayment of revolving credit facility
($4.0M)
($4.0M)
($144.0M)
($93.0M)
Payment of dividends to shareholders
($79.7M)
($39.6M)
($107.0M)
($70.8M)
Distributions to non-controlling interests
($85.0K)
($42.0K)
($122.0K)
($81.0K)
Employee shares withheld for taxes
-1.9M
-1.9M
-3.2M
-3.2M
Net cash provided by financing activities
$4.9M
($2.4M)
$86.6M
$51.3M
Net increase in cash and cash equivalents, including restricted cash
$12.6M
$17.5M
$2.6M
$1.9M
Cash and cash equivalents, including restricted cash, at beginning of period
$12.1M
$12.1M
$4.1M
$4.1M
Cash and cash equivalents, including restricted cash, at end of period