Four Corners Property: Q4 Earnings Snapshot
By AP News
Published - Feb 15, 2023, 05:15 PM ET
Last Updated - Jun 22, 2023, 09:27 PM EDT
MILL VALLEY, Calif. (AP) — MILL VALLEY, Calif. (AP) — Four Corners Property Trust Inc. (FCPT) on Wednesday reported a key measure of profitability in its fourth quarter.
The Mill Valley, California-based real estate investment trust said it had funds from operations of $34.3 million, or 41 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $22.9 million, or 27 cents per share.
