Four Corners Property Trust Inc
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 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 at (unaudited) and
PART I. FINANCIAL INFORMATION
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
| March 31, 2024(Unaudited) | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Real estate investments: | ||
| Land | $1,244,659 | $1,240,865 |
| Buildings, equipment and improvements | 1,719,745 | 1,708,556 |
| Total real estate investments | 2,964,404 | 2,949,421 |
| Less: Accumulated depreciation | (747,958) | (738,946) |
| Total real estate investments, net | 2,216,446 | 2,210,475 |
| Intangible lease assets, net | 115,812 | 118,027 |
| Total real estate investments and intangible lease assets, net | 2,332,258 | 2,328,502 |
| Cash and cash equivalents | 26,079 | 16,322 |
| Straight-line rent adjustment | 65,926 | 64,752 |
| Derivative assets | 24,414 | 20,952 |
| Deferred tax assets | 1,320 | 1,248 |
| Other assets | 12,613 | 19,858 |
| Total Assets | $2,462,610 | $2,451,634 |
| LIABILITIES AND EQUITY | ||
| Liabilities: | ||
| Term loan and revolving credit facility, net of deferred financing costs | $509,780 | $441,745 |
| Senior unsecured notes, net of deferred financing costs | 621,150 | 670,944 |
| Dividends payable | 31,656 | 31,539 |
| Rent received in advance | 12,300 | 14,309 |
| Derivative liabilities | 607 | 2,968 |
| Other liabilities | 22,887 | 30,266 |
| Total liabilities | 1,198,380 | 1,191,771 |
| 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, 91,989,203 and 91,617,477 shares issued and outstanding, respectively | 9 | 9 |
| Additional paid-in capital | 1,268,361 | 1,261,940 |
| Accumulated deficit | (33,888) | (26,276) |
| Accumulated other comprehensive income | 27,538 | 21,977 |
| Noncontrolling interest | 2,210 | 2,213 |
| Total equity | 1,264,230 | 1,259,863 |
| Total Liabilities and Equity | $2,462,610 | $2,451,634 |
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