Four Corners Property Trust reports Q3 AFFO 45c, consensus 45c

Reports Q3 revenue $66.5M, consensus $71.79M. “FCPT delivered another strong quarter of portfolio growth. In the quarter, we acquired $82M of properties, diversified across our core retail sectors and leased to nationally branded, strong operators with rent and pricing aligned to our underwriting objectives. In the trailing 12 months, we have acquired $355M of properties and remain focused on disciplined deal sourcing as we approach year-end. Our consistency of results demonstrates the maturity of our team and the platform we have built as we celebrate our 10-year anniversary as a public company,” said CEO Bill Lenehan. “We continue to have one of the lowest leverage profiles in our company’s history, and access to significant liquidity and optionality to fund further growth.”