Four Corners Property Trust reports Q3 FFO 41c, consensus 43c

Reports Q3 revenue $64.8M, consensus $64.2M. “Through the first three quarters, FCPT has achieved a record acquisition growth year, up 13% over 2022 total volume, funded through accretive capital raised earlier in the year. Additionally, our portfolio continued to perform well with high rent collections and occupancy,” said CEO Bill Lenehan. “We believe that we are well-positioned in a higher rate environment and expect to be ready to take advantage of opportunities as they arise.”