Filing Flows › Four Corners Property Trust (FCPT) › Q1 2025
Four Corners Property Trust (FCPT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Four Corners Property Trust (FCPT) reported revenue of $71.5M for the first quarter 2025 (Q1 2025), +8% from a year earlier and +5% from the quarter before. Operating margin was 36.7%, net earnings $26.2M (36.6% of revenue).
Four Corners Property Trust, Q1 2025: revenue $71.5M (+8% year over year), operating margin 36.7%, net earnings $26.2M, operating cash flow $51.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $71.5M | +5% | +8% |
| Operating profit | $26.2M | -0.2% | +9% |
| Net earnings | $26.2M | -0.1% | +9% |
| Operating cash flow | $51.6M | +54% | +87% |
What changed
Revenue was $71.5M in Q1 2025, up 8% year over year and up 5% from the previous quarter. Real Estate Operations was the largest line at 89% of revenue. Real Estate Operations added $5.3M year over year (up 9%), 106% of the total change. Other declined 95%.
Operating profit was $26.2M, a 36.7% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 43% reached operating profit, above the 36% margin then. Total costs grew 7% against revenue growth of 8%. The fastest-growing cost line was General & admin (+23%). Net earnings were $26.2M, up 9% year over year. The effective tax rate was 0.2%.
Operating cash flow was $51.6M (up 87% year over year), 197% of net earnings. Non-cash charges added back $14.4M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $8.2M.
Questions
What was Four Corners Property Trust's revenue in the first quarter 2025?
Four Corners Property Trust (FCPT) reported revenue of $71.5M for the first quarter 2025 (Q1 2025), +8% from a year earlier and +5% from the quarter before.
Was Four Corners Property Trust profitable in the first quarter 2025?
Operating profit was $26.2M (36.7% of revenue) and net earnings $26.2M.