Four Corners Property Trust, Inc. (FCPT)

FCPT Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	234.01	219.88	193.61	172.81	154.72	139.68
Other Revenue	30.87	30.73	29.58	26.57	16.22	20.55
Total Revenue	264.88	250.61	223.19	199.38	170.94	160.23
Revenue Growth (YoY	9.08%	12.28%	11.95%	16.63%	6.68%	11.56%
Property Expenses	40.25	40.26	35.81	29.6	19.59	21.21
Selling, General & Administrative	23.59	22.68	20.04	17.65	15.05	13.93
Depreciation & Amortization	53.74	50.73	41.47	34.83	29.43	26.31
Total Operating Expenses	117.58	113.67	97.33	82.08	64.07	61.46
Operating Income	147.3	136.94	125.87	117.3	106.88	98.78
Interest Expense	-49.29	-44.61	-36.41	-32.56	-29.23	-26.52
Other Non-Operating Income	0.83	0.92	0.54	0.04	0.17	0.94
EBT Excluding Unusual Items	98.84	93.25	90.01	84.78	77.81	73.2
Gain (Loss) on Sale of Assets	0.29	2.34	8.14	0.43	-	-
Pretax Income	99.13	95.59	98.15	85.21	77.81	73.2
Income Tax Expense	0.28	0.13	0.24	-0.53	0.25	0.27
Earnings From Continuing Operations	98.85	95.46	97.91	85.75	77.57	72.94
Minority Interest in Earnings	-0.12	-0.12	-0.14	-0.16	-0.24	-0.32
Net Income	98.73	95.34	97.77	85.58	77.33	72.62
Net Income to Common	98.73	95.34	97.77	85.58	77.33	72.62
Net Income Growth	5.27%	-2.49%	14.24%	10.67%	6.49%	-11.87%
Basic Shares Outstanding	92	89	82	77	71	68
Diluted Shares Outstanding	92	89	82	77	72	69
Shares Change (YoY)	6.13%	8.48%	6.47%	7.30%	4.34%	6.59%
EPS (Basic)	1.07	1.08	1.20	1.12	1.08	1.06
EPS (Diluted)	1.07	1.07	1.20	1.11	1.08	1.06
EPS Growth	-0.87%	-10.71%	7.96%	2.78%	1.89%	-17.19%
Dividend Per Share	1.380	1.365	1.337	1.285	1.232	1.167
Dividend Growth	1.47%	2.06%	4.09%	4.26%	5.57%	4.94%
Operating Margin	55.61%	54.64%	56.39%	58.83%	62.52%	61.65%
Profit Margin	37.27%	38.04%	43.81%	42.92%	45.24%	45.32%
Free Cash Flow Margin	55.53%	65.88%	63.62%	61.40%	53.50%	65.33%
EBITDA	202.04	188.97	168.94	153.73	137.41	125.25
EBITDA Margin	76.28%	75.40%	75.69%	77.10%	80.38%	78.16%
D&A For Ebitda	54.74	52.03	43.07	36.43	30.53	26.47
EBIT	147.3	136.94	125.87	117.3	106.88	98.78
EBIT Margin	55.61%	54.64%	56.39%	58.83%	62.52%	61.65%
Funds From Operations (FFO)	152.16	143.71	131.11	120.03	106.92	99.1
FFO Per Share	1.64	1.62	1.60	1.56	1.49	1.44
Adjusted Funds From Operations (AFFO)	-	148.71	133.98	120.13	103.65	95.85
AFFO Per Share	-	1.67	1.64	1.56	1.44	1.39
FFO Payout Ratio	82.56%	83.30%	82.02%	80.73%	80.74%	79.20%
Effective Tax Rate	0.29%	0.14%	0.24%	-	0.32%	0.36%
Revenue as Reported	264.88	250.61	223.19	199.38	170.94	160.23

Source: S&P Capital IQ. Real Estate template. Financial Sources.