Four Corners Property Trust Inc. (FCPT) recently stated that it had funds from operations of $23.30M, or 34 cents per share, in the period. The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 36 cents per share. Funds from operations are a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $17.50M, or 26 cents per share. The real estate investment trust posted revenue of $39.60M in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $39.90M.
FCPT has the market capitalization of $1.95B and its EPS growth ratio for the past five years was -26.21%. The return on assets ratio of the Company was 6.60% while its return on investment ratio stands at 5.10%. Price to sales ratio was 13.13 while 94.60% of the stock was owned by institutional investors.