FCPT Earnings Prediction
The chart below shows how FCPT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FCPT sees a +0.16% change in stock price 10 days leading up to the earnings, and a +1.71% change 10 days following the report. On the earnings day itself, the stock moves by +0.14%. This data can give you a slight idea of what to expect for the next quarter's release.
FCPT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
66.79M
3.01%
0.47%
Gross Margin
--
--
--
Operating Margin
56.44%
2.28%
1.51%
Net Margin
38.35%
2.79%
3.20%
EPS
0.27
0.00%
0.00%
No Data Available
FCPT Earnings Analysis
Four Corners Property Trust, Inc. Corporation (FCPT.N) Earnings Conference Call
Positive
Equity Capital Raising Success: 1. Strong Cash Position: Raised over $224 million in equity at a weighted average gross price of $27.38, demonstrating efficient capital raising capabilities.
Rent Collection Success: 2. High Rent Collections: Achieved a remarkable 99.8% collection rate of base rent for Q3, reflecting strong tenant performance and portfolio management.
High Occupancy Rate: 3. Robust Portfolio Performance: Maintained a portfolio occupancy rate of 99.6%, with only 0.1% and 1.6% of annual base rent maturing in 2024 and 2025, respectively.
Cash Rental Income Growth: 4. Increased Cash Rental Income: Reported Q3 cash rental income of $58.7 million, representing a 4.8% growth compared to the previous year, driven by in-place rental growth and recent acquisitions.
Strategic Property Acquisitions: 5. Strong Acquisition Activity: Acquired 21 properties for $71 million at a 7.2% cap rate, with a focus on high-quality restaurant assets, indicating a proactive approach to growth.
Negative
Same-Store Sales Decline: 1. Declining Same-Store Sales: Olive Garden reported a same-store sales decline of 2.9% in the most recent quarter, indicating potential challenges in consumer spending.
Debt Maturity Concerns: 2. Increased Debt Maturity Risk: The company has a $150 million term loan and a $250 million revolver both due in November 2025, raising concerns about refinancing risks in a volatile market.
Rising Cash G&A Expenses: 3. High Cash G&A Expenses: Cash G&A expenses were $4 million, representing 6.9% of cash rental income for the quarter, which is a slight increase from 7.2% in the same period last year, indicating rising operational costs.
Cash Reserves Concerns: 4. Low Cash Reserves: The company reported only $44 million in cash as of September 30, 2024, which may limit financial flexibility in times of need.
High Leverage Concern: 5. High Leverage Ratio: The net debt to adjusted EBITDAre ratio ticked down to 4.9x, but this is still a concern as it remains high compared to industry standards, indicating potential financial strain.
FCPT FAQs
How does FCPT typically perform around its earnings report dates?
Is Four Corners Property Trust, Inc. (FCPT) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
FCPT Earning Call Sentiment
Four Corners Property Trust, Inc. (FCPT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FCPT.N
1.16%Positive
The earnings call highlights strong financial performance with a 2.4% increase in AFFO per share and high portfolio occupancy. The Q&A session reveals a positive outlook with increased liquidity and successful tenant performance. While management was unclear on election impact, the overall sentiment remains positive due to strong tenant credit and acquisition opportunities. The market cap suggests moderate stock price movement, aligning with the positive sentiment.