FCPT Announces Third Quarter 2026 Financial and Operating Results
FCPT reported Q3 2026 rental revenue of $75.7 million, up 13.8% year-over-year, with net income attributable to common shareholders flat at $28.8 million ($0.26 diluted EPS vs. $0.28 a year ago). AFFO per diluted share grew 2.9% to $0.46, and the company acquired a record $326.3 million of properties in the quarter at a 6.6% initial cash yield, funded entirely with debt. Rent collection was 99.7% of contractual base rent, and 100% of 2027 Olive Garden and LongHorn lease expirations were extended without concessions.
Key figures
- Eps
- 0.26
- Revenue
- 83684000
- Revenue Yoy
- 12.9%
- Occupancy
- 99.5%
- Total debt
- $1,585 million
- Rental revenue
- $75.7 million
- Q3 acquisitions
- $326.3 million at 6.6% initial cash yield / 7.1% GAAP yield
- Dividend increase
- 3.5%
- Ffo per share yoy
- 2.4%
- Affo per share yoy
- 2.9%
- Rental revenue yoy
- 13.8%
- Available liquidity
- $397 million
- Dividend annualized
- $1.5180 per share
- Net debt to ebitdare
- 6.0x
- Buyback authorization
- $100 million
- Ffo per diluted share
- 0.43
- Affo per diluted share
- 0.46
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