Filing Flows › Four Corners Property Trust (FCPT) › Q1 2026
Four Corners Property Trust (FCPT) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Four Corners Property Trust (FCPT) reported revenue of $78.2M for the first quarter 2026 (Q1 2026), +9% from a year earlier and +3% from the quarter before. Operating margin was 39.0%, net earnings $30.4M (38.8% of revenue).
Four Corners Property Trust, Q1 2026: revenue $78.2M (+9% year over year), operating margin 39.0%, net earnings $30.4M, operating cash flow $47.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $78.2M | +3% | +9% |
| Operating profit | $30.5M | +3% | +16% |
| Net earnings | $30.4M | +3% | +16% |
| Operating cash flow | $47.2M | -2% | -9% |
What changed
Revenue was $78.2M in Q1 2026, up 9% year over year and up 3% from the previous quarter. Real Estate Operations was the largest line at 89% of revenue. Real Estate Operations added $6.3M year over year (up 10%), 95% of the total change. Other declined 48%.
Operating profit was $30.5M, a 39.0% margin (up 2.2 points year over year). Of the extra revenue versus Q1 2025, 63% reached operating profit, above the 37% margin then. Total costs grew 5% against revenue growth of 9%. Net earnings were $30.3M, up 16% year over year. The effective tax rate was 0.3%.
Operating cash flow was $47.2M (down 9% year over year), 155% of net earnings. Non-cash charges added back $16.2M of depreciation and amortization and $2.6M of share-based compensation.
Questions
What was Four Corners Property Trust's revenue in the first quarter 2026?
Four Corners Property Trust (FCPT) reported revenue of $78.2M for the first quarter 2026 (Q1 2026), +9% from a year earlier and +3% from the quarter before.
Was Four Corners Property Trust profitable in the first quarter 2026?
Operating profit was $30.5M (39.0% of revenue) and net earnings $30.4M.