$FCPT
Four Corners Property Trust, Inc.

2019 Q2 Form 10-Q Financial Statement

#000165013219000075 Filed on July 31, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $39.57M $34.68M
YoY Change 14.11% 4.59%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $8.800M $7.990M
YoY Change 10.14% -0.62%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.500M $5.300M
YoY Change 22.64% -1.85%
% of Gross Profit
Operating Expenses $15.32M $13.20M
YoY Change 16.07% -1.95%
Operating Profit
YoY Change
Interest Expense $6.557M $4.877M
YoY Change 34.45% 8.16%
% of Operating Profit
Other Income/Expense, Net $310.0K $230.0K
YoY Change 34.78% 666.67%
Pretax Income $18.00M $27.69M
YoY Change -35.0% 49.68%
Income Tax $61.00K $66.00K
% Of Pretax Income 0.34% 0.24%
Net Earnings $17.87M $27.45M
YoY Change -34.9% 49.87%
Net Earnings / Revenue 45.16% 79.15%
Basic Earnings Per Share $0.26 $0.44
Diluted Earnings Per Share $0.26 $0.44
COMMON SHARES
Basic Shares Outstanding 68.30M shares 61.75M shares
Diluted Shares Outstanding 68.50M shares 61.91M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.30M $88.40M
YoY Change -55.54% 8.73%
Cash & Equivalents $39.29M $88.37M
Short-Term Investments
Other Short-Term Assets $500.0K $400.0K
YoY Change 25.0% 0.0%
Inventory $155.0K $156.0K
Prepaid Expenses
Receivables $300.0K $400.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $40.30M $89.40M
YoY Change -54.92% 8.89%
LONG-TERM ASSETS
Property, Plant & Equipment $1.241B $984.8M
YoY Change 26.03% 3.73%
Goodwill
YoY Change
Intangibles $26.25M $8.273M
YoY Change 217.33% 259.54%
Long-Term Investments
YoY Change
Other Assets $35.90M $27.50M
YoY Change 30.55% 49.46%
Total Long-Term Assets $1.305B $1.033B
YoY Change 26.24% 6.3%
TOTAL ASSETS
Total Short-Term Assets $40.30M $89.40M
Total Long-Term Assets $1.305B $1.033B
Total Assets $1.345B $1.123B
YoY Change 19.78% 6.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $700.0K $700.0K
YoY Change 0.0% 40.0%
Accrued Expenses $9.500M $2.900M
YoY Change 227.59% -3.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $38.60M $29.30M
YoY Change 31.74% 10.57%
LONG-TERM LIABILITIES
Long-Term Debt $616.9M $516.4M
YoY Change 19.46% -0.31%
Other Long-Term Liabilities $6.800M $1.400M
YoY Change 385.71% 0.0%
Total Long-Term Liabilities $623.7M $517.8M
YoY Change 20.45% -0.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $38.60M $29.30M
Total Long-Term Liabilities $623.7M $517.8M
Total Liabilities $662.3M $547.1M
YoY Change 21.05% 0.18%
SHAREHOLDERS EQUITY
Retained Earnings $42.12M $45.42M
YoY Change -7.26% 49.29%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $677.0M $567.8M
YoY Change
Total Liabilities & Shareholders Equity $1.345B $1.123B
YoY Change 19.78% 6.5%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $17.87M $27.45M
YoY Change -34.9% 49.87%
Depreciation, Depletion And Amortization $6.500M $5.300M
YoY Change 22.64% -1.85%
Cash From Operating Activities $21.10M $19.20M
YoY Change 9.9% -4.95%
INVESTING ACTIVITIES
Capital Expenditures -$44.30M -$16.90M
YoY Change 162.13% -67.69%
Acquisitions
YoY Change
Other Investing Activities $100.0K $15.70M
YoY Change -99.36% 220.41%
Cash From Investing Activities -$44.10M -$1.300M
YoY Change 3292.31% -97.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.70M 17.70M
YoY Change -205.65% -80.42%
NET CHANGE
Cash From Operating Activities 21.10M 19.20M
Cash From Investing Activities -44.10M -1.300M
Cash From Financing Activities -18.70M 17.70M
Net Change In Cash -41.70M 35.60M
YoY Change -217.13% -43.67%
FREE CASH FLOW
Cash From Operating Activities $21.10M $19.20M
Capital Expenditures -$44.30M -$16.90M
Free Cash Flow $65.40M $36.10M
YoY Change 81.16% -50.21%

Facts In Submission

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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
689218000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
17936000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6517000 USD
CY2019Q2 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
2000 USD
CY2019Q2 us-gaap Dividends Common Stock
DividendsCommonStock
19723000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
767000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
682671000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
698964000 USD
us-gaap Profit Loss
ProfitLoss
35537000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-10153000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
3167000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
39450000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-712000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
682671000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
527993000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
27627000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2144000 USD
CY2018Q2 us-gaap Dividends Common Stock
DividendsCommonStock
17390000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
757000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
575740000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
522268000 USD
us-gaap Profit Loss
ProfitLoss
43990000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7288000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
us-gaap Dividends Common Stock
DividendsCommonStock
34356000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1941000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
575740000 USD
us-gaap Profit Loss
ProfitLoss
35537000 USD
us-gaap Profit Loss
ProfitLoss
43990000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12879000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10569000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
10879000 USD
fcpt Gain Loss On Exchange Of Non Financial Assets
GainLossOnExchangeOfNonFinancialAssets
0 USD
fcpt Gain Loss On Exchange Of Non Financial Assets
GainLossOnExchangeOfNonFinancialAssets
228000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1027000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
910000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1989000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2107000 USD
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
5000 USD
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
8000 USD
fcpt Increase Decreasein Straight Line Rent Adjustment
IncreaseDecreaseinStraightLineRentAdjustment
4595000 USD
fcpt Increase Decreasein Straight Line Rent Adjustment
IncreaseDecreaseinStraightLineRentAdjustment
4563000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
7143000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
166000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-71000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
1077000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
54046000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
40987000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
64598000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
37989000 USD
us-gaap Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
0 USD
us-gaap Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
15714000 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-205000 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
122000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-64393000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22397000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1652000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
34609000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
39206000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
33697000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
183000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
224000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3167000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2702000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-43606000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
688000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-53953000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
19278000 USD
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
93242000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69371000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39289000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88649000 USD
us-gaap Interest Paid Net
InterestPaidNet
7916000 USD
us-gaap Interest Paid Net
InterestPaidNet
8908000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
387000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
410000 USD
us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
63688000 USD
us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
0 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
208000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
0 USD
CY2019Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
19641000 USD
CY2018Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
17278000 USD
us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
-10148000 USD
us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
7287000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:138%;padding-bottom:8px;padding-top:12px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:none;">Use of Estimates</span></div><div style="line-height:138%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">The preparation of these Consolidated Financial Statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. The estimates and assumptions used in the accompanying Consolidated Financial Statements are based on management’s evaluation of the relevant facts and circumstances. Actual results may differ from the estimates and assumptions used in preparing the accompanying Consolidated Financial Statements, and such differences could be material.</span></div>
fcpt Assets Held For Sale Disposal Period
AssetsHeldForSaleDisposalPeriod
P1Y
CY2019Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
0 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
39289000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
92041000 USD
CY2019Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1201000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39289000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
93242000 USD
us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style="line-height:138%;padding-bottom:8px;padding-top:12px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:none;">Derivative Instruments and Hedging Activities</span></div><div style="line-height:138%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">We enter into derivative instruments for risk management purposes only, including derivatives designated as hedging instruments as required by FASB ASC Topic 815, Derivatives and Hedging, and those utilized as economic hedges. Our use of derivative instruments is currently limited to interest rate hedges. These instruments are generally structured as hedges of the variability of cash flows related to forecasted transactions (cash flow hedges). We do not enter into derivative instruments for trading or speculative purposes, where changes in the cash flows of the derivative are not expected to offset changes in cash flows of the hedged item. All derivatives are recognized on the balance sheet at fair value. For those derivative instruments for which we intend to elect hedge accounting, at the time the derivative contract is entered into, we document all relationships between hedging instruments and hedged items, as well as our risk-management objective and strategy for undertaking the various hedge transactions. This process includes linking all derivatives designated as cash flow hedges to specific assets and liabilities on the consolidated balance sheet or to specific forecasted transactions. We also formally assess, both at the hedge’s inception and on an ongoing basis, whether the derivatives used in hedging transactions are highly effective in offsetting changes in cash flows of hedged items.</span></div><div style="line-height:138%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">To the extent our derivatives are effective in offsetting the variability of the hedged cash flows, and otherwise meet the cash flow hedge accounting criteria in accordance with United States generally accepted accounting principles (“U.S. GAAP”), changes in the derivatives’ fair value are not included in current earnings but are included in accumulated other comprehensive income, net of tax. These changes in fair value will be reclassified into earnings at the time of the forecasted transaction. Ineffectiveness measured in the hedging relationship is recorded in earnings in the period in which it occurs.</span></div>
us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="line-height:138%;padding-bottom:8px;padding-top:12px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:none;">Revenue Recognition</span></div><div style="line-height:138%;padding-bottom:8px;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:italic;font-weight:normal;text-decoration:none;">Rental Revenue</span></div><div style="line-height:138%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">For those net leases that provide for periodic and determinable increases in base rent, base rental revenue is recognized on a straight-line basis over the applicable lease term when collectability is probable. Recognizing rental revenue on a straight-line basis generally results in recognized revenues during the first half of a lease term exceeding the cash amounts contractually due from our tenants, creating a deferred rent receivable. </span></div><div style="line-height:138%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">We assess the collectability of our lease receivables, including deferred rents receivable, on several factors, including payment history, the financial strength of the tenant and any guarantors, historical operations and operating trends of the property, and current economic conditions. If our evaluation of these factors indicates it is not probable that we will be to recover substantially all of the receivable, we derecognize the deferred rent receivable asset and record as a reduction in rental revenue. </span></div><div style="line-height:138%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">For those leases that provide for periodic increases in base rent only if certain revenue parameters or other substantive contingencies are met, the increased rental revenue is recognized as the related parameters or contingencies are met, rather than on a straight-line basis over the applicable lease term. Prior to the adoption of ASC 842, lessor costs reimbursed by the lessee were presented on a net basis in our Consolidated Financial Statements. Subsequent to the adoption of ASC 842 on January 1, 2019, costs paid by the lessor and reimbursed by the lessees will be included in variable lease payments and presented on a gross basis within rental revenue. Sales taxes collected from lessees and remitted to governmental authorities are presented on a net basis within rental revenue.</span></div><div style="line-height:138%;padding-bottom:8px;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:italic;font-weight:normal;text-decoration:none;">Restaurant Revenue</span></div><div style="line-height:138%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">Restaurant revenue represents food, beverage, and other products sold and is presented net of the following discounts: coupons, employee meals, complimentary meals and gift cards. Revenue from restaurant sales, whether received in cash or by credit card, is recognized when food and beverage products are sold. At both June 30, 2019, and December 31, 2018, credit card receivables, included in other assets, totaled </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;"><span>$84 thousand</span></span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;"> and $</span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;"><span>82 thousand</span></span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">, respectively. We recognize sales from our gift cards when the gift card is redeemed by the customer. Sales taxes collected from customers and remitted to governmental authorities are presented on a net basis within restaurant revenue on our Consolidated Income Statements. </span></div>
CY2019Q2 us-gaap Credit Card Receivables
CreditCardReceivables
84000 USD
CY2018Q4 us-gaap Credit Card Receivables
CreditCardReceivables
82000 USD
CY2019Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
45 state
CY2019Q2 us-gaap Land And Land Improvements
LandAndLandImprovements
603047000 USD
CY2018Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
569057000 USD
CY2019Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1121780000 USD
CY2018Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1099591000 USD
CY2019Q2 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
134673000 USD
CY2018Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
136633000 USD
CY2019Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1859500000 USD
CY2018Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1805281000 USD
CY2019Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
624055000 USD
CY2018Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
614584000 USD
CY2019Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1235445000 USD
CY2018Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1190697000 USD
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
26253000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
18998000 USD
CY2019Q2 fcpt Real Estate Investment Property And Intangible Asset Net
RealEstateInvestmentPropertyAndIntangibleAssetNet
1261698000 USD
CY2018Q4 fcpt Real Estate Investment Property And Intangible Asset Net
RealEstateInvestmentPropertyAndIntangibleAssetNet
1209695000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
64600000 USD
CY2019Q2 us-gaap Number Of Restaurants
NumberOfRestaurants
32 property
CY2019Q2 fcpt Real Estate Investments Number Of States With Properties
RealEstateInvestmentsNumberOfStatesWithProperties
15 state
us-gaap Payments To Acquire Land
PaymentsToAcquireLand
34000000.0 USD
fcpt Paymentsto Acquire Buildingsand Improvements
PaymentstoAcquireBuildingsandImprovements
22200000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
8400000 USD
fcpt Real Estate Investments Contingent Consideration
RealEstateInvestmentsContingentConsideration
0 USD
CY2019Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P11Y9M18D
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
37900000 USD
CY2018Q2 us-gaap Number Of Restaurants
NumberOfRestaurants
21 property
CY2018Q2 fcpt Real Estate Investments Number Of States With Properties
RealEstateInvestmentsNumberOfStatesWithProperties
10 state
us-gaap Payments To Acquire Land
PaymentsToAcquireLand
24700000 USD
fcpt Paymentsto Acquire Buildingsand Improvements
PaymentstoAcquireBuildingsandImprovements
8700000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
4500000 USD
CY2019Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
29058000 USD
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
20397000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2805000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1399000 USD
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
26253000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
18998000 USD
CY2019Q2 fcpt Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
85000 USD
CY2018Q4 fcpt Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
33000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
427000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
427000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
8407000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
10274000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3902000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
6372000 USD
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0452
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P21Y8M12D
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
550000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
400000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
103000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
0 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1053000 USD
CY2019Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
165000 USD
CY2018Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
178000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
333000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
354000 USD
CY2019Q2 fcpt Intangible Lease Liabilities Net
IntangibleLeaseLiabilitiesNet
768000 USD
CY2018Q4 fcpt Intangible Lease Liabilities Net
IntangibleLeaseLiabilitiesNet
577000 USD
fcpt Intangible Lease Assets And Liabilities Weighted Average Amortization Period
IntangibleLeaseAssetsAndLiabilitiesWeightedAverageAmortizationPeriod
P13Y2M12D
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P12Y10M24D
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1606000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3003000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2738000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2562000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2162000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
13414000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
25485000 USD
fcpt Number Of Ground Leases
NumberOfGroundLeases
3 ground_lease
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5723000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
6425000 USD
CY2018Q4 fcpt Deferred Rent
DeferredRent
702000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
198000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
397000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
418000 USD
CY2019Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
34249000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
68259000 USD
CY2019Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
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OperatingLeaseVariableLeaseIncome
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OperatingLeaseLeaseIncome
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us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
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65226000 USD
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131701000 USD
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133155000 USD
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135713000 USD
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
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1093057000 USD
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received
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1693438000 USD
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
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CY2019Q2 fcpt Prepaid Acquisition Expense
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1140000 USD
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1802000 USD
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533000 USD
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251000 USD
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155000 USD
CY2018Q4 us-gaap Inventory Net
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183000 USD
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0 USD
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CY2019Q2 us-gaap Other Assets
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1530000 USD
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680000 USD
CY2018Q4 us-gaap Accounts Payable Current And Noncurrent
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986000 USD
CY2019Q2 fcpt Intangible Lease Liabilities Net
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768000 USD
CY2018Q4 fcpt Intangible Lease Liabilities Net
IntangibleLeaseLiabilitiesNet
577000 USD
CY2019Q2 fcpt Accrued Operating Expenses
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368000 USD
CY2018Q4 fcpt Accrued Operating Expenses
AccruedOperatingExpenses
486000 USD
CY2019Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
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1343000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
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1704000 USD
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7053000 USD
CY2019Q2 us-gaap Deferred Finance Costs Net
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8100000 USD
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9100000 USD
CY2019Q2 us-gaap Debt Weighted Average Interest Rate
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0.0376
CY2018Q4 us-gaap Debt Weighted Average Interest Rate
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us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
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500000 USD
CY2019Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
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4200000 USD
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6000000.0 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
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61000 USD
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IncomeTaxExpenseBenefit
66000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
129000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
125000 USD
CY2019Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2019Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2019Q2 us-gaap Preferred Stock Shares Issued
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0 shares
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500000000 shares
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0.0001
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2875
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CommonStockDividendsPerShareDeclared
0.2875
CY2019Q2 us-gaap Common Stock Shares Outstanding
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68418243 shares
CY2019Q2 us-gaap Units Of Partnership Interest Amount
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289392 shares
CY2019Q2 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
8100000 USD
CY2018Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
10800000 USD
CY2019Q2 us-gaap Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
0.9958
CY2019Q2 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.0042
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UnitsOfPartnershipInterestAmount
289392 shares
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LimitedPartnersCapitalAccountDistributionAmount
83000 USD
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RedeemableNoncontrollingInterestEquityRedemptionsSettledCommonStock
5966 shares
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183000 USD
CY2019Q2 fcpt Redeemable Noncontrolling Interest Equity Redemptions Settled Units
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119928 shares
fcpt Redeemable Noncontrolling Interest Equity Redemptions Settled Units For Cash
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27.78
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3200000 USD
CY2019Q2 fcpt Redeemable Noncontrolling Interest Equity Redemptions Settled Common Stock
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5966 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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68475778 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
17868000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
27445000 USD
us-gaap Net Income Loss
NetIncomeLoss
35371000 USD
us-gaap Net Income Loss
NetIncomeLoss
43699000 USD
CY2019Q2 us-gaap Earnings Per Share Basic
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0.26
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.71
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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126178 shares
CY2018Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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314050 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
102133 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
317313 shares
CY2019Q2 fcpt Weighted Average Unitsof Partnership Interest Amount
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294506 shares
CY2018Q2 fcpt Weighted Average Unitsof Partnership Interest Amount
WeightedAverageUnitsofPartnershipInterestAmount
409320 shares
fcpt Weighted Average Unitsof Partnership Interest Amount
WeightedAverageUnitsofPartnershipInterestAmount
321378 shares
fcpt Weighted Average Unitsof Partnership Interest Amount
WeightedAverageUnitsofPartnershipInterestAmount
409320 shares
CY2015Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2100000 shares
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1480298 shares
CY2019Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
4700000 USD
CY2018Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
3068000 USD
fcpt Employee Service Sharebased Compensation Nonvested Awards Compensation Notyet Recognized Sharebased Awards Otherthan Options Grantsin Period
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationNotyetRecognizedSharebasedAwardsOtherthanOptionsGrantsinPeriod
3659000 USD
fcpt Employee Service Sharebased Compensation Nonvested Awards Compensation Notyet Recognized Sharebased Awards Otherthan Options Forfeitedin Period
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationNotyetRecognizedSharebasedAwardsOtherthanOptionsForfeitedinPeriod
0 USD
fcpt Employee Service Sharebased Compensation Nonvested Awards Compensation Notyet Recognized Sharebased Awards Otherthan Options Compensation Expensein Period
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationNotyetRecognizedSharebasedAwardsOtherthanOptionsCompensationExpenseinPeriod
1989000 USD
CY2019Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
4738000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M6D
CY2019Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
4718000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
39568000 USD
CY2019Q2 us-gaap Number Of Operating Segments
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2 segment
CY2019Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3431000 USD
CY2019Q2 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
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6518000 USD
CY2019Q2 us-gaap Operating Expenses
OperatingExpenses
15320000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
6557000 USD
CY2019Q2 us-gaap Other Income
OtherIncome
306000 USD
CY2019Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
61000 USD
CY2019Q2 us-gaap Profit Loss
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17936000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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34675000 USD
CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3109000 USD
CY2018Q2 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
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5225000 USD
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
13215000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
4877000 USD
CY2018Q2 us-gaap Other Income
OtherIncome
231000 USD
CY2018Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
10879000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
66000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
27627000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
79169000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7377000 USD
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
12879000 USD
us-gaap Operating Expenses
OperatingExpenses
30918000 USD
us-gaap Interest Expense
InterestExpense
13304000 USD
us-gaap Other Income
OtherIncome
719000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
129000 USD
us-gaap Profit Loss
ProfitLoss
35537000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
69479000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6692000 USD
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
10569000 USD
us-gaap Operating Expenses
OperatingExpenses
27098000 USD
us-gaap Interest Expense
InterestExpense
9733000 USD
us-gaap Other Income
OtherIncome
588000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
10879000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
125000 USD
us-gaap Profit Loss
ProfitLoss
43990000 USD
CY2019Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1859500000 USD
CY2019Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
624055000 USD
CY2019Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1235445000 USD
CY2019Q2 us-gaap Cash
Cash
39289000 USD
CY2019Q2 us-gaap Assets
Assets
1344971000 USD
CY2019Q2 us-gaap Notes Payable
NotesPayable
616916000 USD
CY2018Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1805281000 USD
CY2018Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
614584000 USD
CY2018Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1190697000 USD
CY2018Q4 us-gaap Cash
Cash
92041000 USD
CY2018Q4 us-gaap Assets
Assets
1343098000 USD
CY2018Q4 us-gaap Notes Payable
NotesPayable
615892000 USD
CY2019Q2 fcpt Asset Acquisition Contingent Liability
AssetAcquisitionContingentLiability
0 USD

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