Filing Flows › Four Corners Property Trust (FCPT) › Q3 2025
Four Corners Property Trust (FCPT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Four Corners Property Trust (FCPT) reported revenue of $74.1M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +2% from the quarter before. Operating margin was 39.0%, net earnings $28.9M (38.9% of revenue).
Four Corners Property Trust, Q3 2025: revenue $74.1M (+11% year over year), operating margin 39.0%, net earnings $28.9M, operating cash flow $48.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $74.1M | +2% | +11% |
| Operating profit | $28.9M | +3% | +12% |
| Net earnings | $28.9M | +3% | +13% |
| Operating cash flow | $48.9M | +12% | +13% |
What changed
Revenue was $74.1M in Q3 2025, up 11% year over year and up 2% from the previous quarter. Real Estate Operations was the largest line at 89% of revenue. Real Estate Operations added $7.4M year over year (up 13%), 100% of the total change. Other declined 52%.
Operating profit was $28.9M, a 39.0% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 44% reached operating profit, above the 38% margin then. Total costs grew 10% against revenue growth of 11%. The fastest-growing cost line was General & admin (+11%). Net earnings were $28.8M, up 13% year over year. The effective tax rate was 0.1%.
Operating cash flow was $48.9M (up 13% year over year), 169% of net earnings. Non-cash charges added back $15.1M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items added $2.8M.
Questions
What was Four Corners Property Trust's revenue in the third quarter 2025?
Four Corners Property Trust (FCPT) reported revenue of $74.1M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +2% from the quarter before.
Was Four Corners Property Trust profitable in the third quarter 2025?
Operating profit was $28.9M (39.0% of revenue) and net earnings $28.9M.