Four Corners Property Trust reports Q4 AFFO 43c, consensus 42c

Reports Q4 revenue $65.143M, consensus $63.72M. “2023 was a solid acquisition year. We grew rent 14% with $333 million of high-quality acquisitions,” said Bill Lenehan. “Additionally, our portfolio continues to perform well with high rent collections and occupancy, and we start the year with low leverage. We remain disciplined allocators of capital and are finding interesting investment opportunities as we focus on building an accretive pipeline.”