Four Corners Property Trust Inc
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
FCPT$23.53-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, and
(In thousands, except share and per share data)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Real estate investments: | ||
| Land | $1,240,865 | $1,115,827 |
| Buildings, equipment and improvements | 1,708,556 | 1,539,875 |
| Total real estate investments | 2,949,421 | 2,655,702 |
| Less: Accumulated depreciation | (738,946) | (706,702) |
| Real estate investments, net | 2,210,475 | 1,949,000 |
| Intangible real estate assets, net | 118,027 | 106,206 |
| Total real estate investments and intangible real estate assets, net | 2,328,502 | 2,055,206 |
| Real estate held for sale | — | 7,522 |
| Cash and cash equivalents | 16,322 | 26,296 |
| Straight-line rent adjustment | 64,752 | 61,027 |
| Derivative assets | 20,952 | 35,276 |
| Deferred tax assets | 1,248 | 988 |
| Other assets | 19,858 | 12,272 |
| Total Assets | $2,451,634 | $2,198,587 |
| LIABILITIES AND EQUITY | ||
| Liabilities: | ||
| Term loan and revolving credit facility, net of deferred financing costs | $441,745 | $424,134 |
| Senior unsecured notes, net of deferred financing costs | 670,944 | 571,343 |
| Dividends payable | 31,539 | 29,064 |
| Rent received in advance | 14,309 | 11,710 |
| Derivative liabilities | 2,968 | 9 |
| Other liabilities | 30,266 | 24,017 |
| Total liabilities | 1,191,771 | 1,060,277 |
| Equity: | ||
| Preferred stock, par value $0.0001 per share, 25,000,000 authorized, zero shares issued and outstanding. | — | — |
| Common stock, par value $0.0001 per share; 500,000,000 shares authorized, 91,617,477 and 85,637,293 shares issued and outstanding at December 31, 2023 and 2022, respectively | 9 | 9 |
| Additional paid-in capital | 1,261,940 | 1,104,522 |
| Retained earnings (accumulated deficit) | (26,276) | 576 |
| Accumulated other comprehensive income | 21,977 | 30,944 |
| Noncontrolling interests | 2,213 | 2,259 |
| Total equity | 1,259,863 | 1,138,310 |
| Total Liabilities and Equity | $2,451,634 | $2,198,587 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.