$FCPT
Four Corners Property Trust, Inc.

2022 Q3 Form 10-Q Financial Statement

#000165013222000094 Filed on July 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $56.01M $55.43M $54.40M
YoY Change 10.46% 12.49% 16.37%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $13.71M $13.74M $14.00M
YoY Change 11.79% 12.08% 31.84%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.59M $10.13M $9.704M
YoY Change 19.9% 20.23% 17.82%
% of Gross Profit
Operating Expenses $24.29M $23.87M $23.71M
YoY Change 15.18% 15.6% 25.69%
Operating Profit
YoY Change
Interest Expense $9.177M $9.031M $8.375M
YoY Change 10.42% 7.72% 9.72%
% of Operating Profit
Other Income/Expense, Net $164.0K $29.00K $57.00K
YoY Change 8100.0% 314.29%
Pretax Income $24.53M $28.31M $22.37M
YoY Change 15.13% 39.82% 8.14%
Income Tax -$23.00K $144.0K $88.00K
% Of Pretax Income -0.09% 0.51% 0.39%
Net Earnings $24.52M $28.13M $22.26M
YoY Change 15.85% 39.69% 8.14%
Net Earnings / Revenue 43.78% 50.75% 40.91%
Basic Earnings Per Share $0.30 $0.35 $0.28
Diluted Earnings Per Share $0.30 $0.35 $0.28
COMMON SHARES
Basic Shares Outstanding 81.46M shares 80.29M shares 80.20M shares
Diluted Shares Outstanding 82.12M shares 80.49M shares 80.35M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.67M $17.71M $58.11M
YoY Change 369.57% -34.63% 405.3%
Cash & Equivalents $36.67M $17.71M $58.11M
Short-Term Investments
Other Short-Term Assets $1.184M $1.039M $1.351M
YoY Change 64.9% 44.31% 35.1%
Inventory $256.0K $262.0K $227.0K
Prepaid Expenses
Receivables $1.749M $1.550M $1.554M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $39.86M $20.57M $61.24M
YoY Change 310.7% -29.8% 347.01%
LONG-TERM ASSETS
Property, Plant & Equipment $1.846B $1.796B $1.759B
YoY Change 10.8% 14.48% 15.28%
Goodwill
YoY Change
Intangibles $106.9M $105.3M $104.7M
YoY Change 5.81% 8.67% 8.75%
Long-Term Investments
YoY Change
Other Assets $60.79M $68.19M $60.91M
YoY Change 6.4% 22.72% 6.49%
Total Long-Term Assets $2.060B $1.990B $1.937B
YoY Change 12.67% 15.44% 15.06%
TOTAL ASSETS
Total Short-Term Assets $39.86M $20.57M $61.24M
Total Long-Term Assets $2.060B $1.990B $1.937B
Total Assets $2.100B $2.011B $1.998B
YoY Change 14.24% 14.68% 17.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $310.0K $241.0K $591.0K
YoY Change -5.49% -64.97% -1.5%
Accrued Expenses $14.44M $10.53M $13.55M
YoY Change 0.39% 9.41% 9.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $59.00M $48.24M $51.58M
YoY Change 18.12% 7.38% 9.05%
LONG-TERM LIABILITIES
Long-Term Debt $967.0M $966.5M $966.0M
YoY Change 8.15% 14.96% 24.1%
Other Long-Term Liabilities $24.80M $4.435M $5.326M
YoY Change 46.3% -75.81% -72.96%
Total Long-Term Liabilities $991.8M $970.9M $971.4M
YoY Change 8.86% 13.02% 21.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $59.00M $48.24M $51.58M
Total Long-Term Liabilities $991.8M $970.9M $971.4M
Total Liabilities $1.031B $1.019B $1.023B
YoY Change 7.29% 12.74% 21.0%
SHAREHOLDERS EQUITY
Retained Earnings $6.771M $9.740M $8.340M
YoY Change -56.89% -48.88% -63.85%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.066B $989.3M $973.1M
YoY Change
Total Liabilities & Shareholders Equity $2.100B $2.011B $1.998B
YoY Change 14.24% 14.68% 17.74%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $24.52M $28.13M $22.26M
YoY Change 15.85% 39.69% 8.14%
Depreciation, Depletion And Amortization $10.59M $10.13M $9.704M
YoY Change 19.9% 20.23% 17.82%
Cash From Operating Activities $44.10M $30.38M $34.81M
YoY Change 25.38% 12.21% 9.29%
INVESTING ACTIVITIES
Capital Expenditures -$72.43M -$56.14M -$43.26M
YoY Change -34.63% 16.47% 19.84%
Acquisitions
YoY Change
Other Investing Activities $8.250M $11.66M -$7.000K
YoY Change 1836.62% -2806.03% -100.22%
Cash From Investing Activities -$64.18M -$44.48M -$43.27M
YoY Change -41.86% -8.54% 31.55%
FINANCING ACTIVITIES
Cash Dividend Paid $26.66M
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 35.14M -22.40M $60.27M
YoY Change -37.17% -160.23% 4019.75%
NET CHANGE
Cash From Operating Activities 44.10M 30.38M $34.81M
Cash From Investing Activities -64.18M -44.48M -$43.27M
Cash From Financing Activities 35.14M -22.40M $60.27M
Net Change In Cash 15.05M -36.49M $51.81M
YoY Change -178.06% -333.46% 12264.92%
FREE CASH FLOW
Cash From Operating Activities $44.10M $30.38M $34.81M
Capital Expenditures -$72.43M -$56.14M -$43.26M
Free Cash Flow $116.5M $86.53M $78.07M
YoY Change -20.17% 14.94% 14.9%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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dei Entity Registrant Name
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Four Corners Property Trust, Inc.
dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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dei Entity Address Address Line1
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OtherComprehensiveIncomeLossNetOfTax
9396000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
573000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
24804000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
8579000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
37566000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
20753000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
75260000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
49381000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
40000 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
42000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
71000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
85000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
14000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
1000 usd
CY2022Q2 us-gaap Number Of Restaurants
NumberOfRestaurants
44 property
CY2022Q2 fcpt Real Estate Investments Number Of States With Properties
RealEstateInvestmentsNumberOfStatesWithProperties
22 state
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
35000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
18000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
54000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
43000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
106000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
103000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
37512000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
20710000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
75154000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
49278000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
975380000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
28170000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9396000 usd
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4354000 usd
CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
26768000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1016000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
991548000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
963892000 usd
us-gaap Profit Loss
ProfitLoss
50456000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
24804000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4354000 usd
us-gaap Dividends Common Stock
DividendsCommonStock
53474000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1516000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
991548000 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
851901000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
20180000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
573000 usd
CY2021Q2 us-gaap Dividends Common Stock
DividendsCommonStock
24207000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
876000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
849323000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
844501000 usd
us-gaap Profit Loss
ProfitLoss
40802000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
8579000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4659000 usd
us-gaap Dividends Common Stock
DividendsCommonStock
48438000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-780000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
849323000 usd
us-gaap Profit Loss
ProfitLoss
50456000 usd
us-gaap Profit Loss
ProfitLoss
40802000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19832000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16624000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
5756000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
431000 usd
fcpt Non Cash Revenue Adjustments
NonCashRevenueAdjustments
1057000 usd
fcpt Non Cash Revenue Adjustments
NonCashRevenueAdjustments
1054000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
964000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1433000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2533000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2247000 usd
us-gaap Payments To Acquire Land
PaymentsToAcquireLand
51200000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
61000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 usd
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
-320000 usd
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
-2117000 usd
fcpt Increase Decrease In Straight Line Rent Adjustment
IncreaseDecreaseInStraightLineRentAdjustment
3292000 usd
fcpt Increase Decrease In Straight Line Rent Adjustment
IncreaseDecreaseInStraightLineRentAdjustment
3796000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-572000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1470000 usd
fcpt Lessor Payments Of Lease Incentives To Tenants
LessorPaymentsOfLeaseIncentivesToTenants
0 usd
fcpt Lessor Payments Of Lease Incentives To Tenants
LessorPaymentsOfLeaseIncentivesToTenants
426000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
412000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-724000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
65191000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
58878000 usd
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
99408000 usd
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
84303000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
12293000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
3343000 usd
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
637000 usd
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
574000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-87752000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-81534000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4354000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4659000 usd
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
125000000 usd
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
100000000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1062000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
4605000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
28000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
71500000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
64000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
81500000 usd
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
53324000 usd
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
48238000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
76000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
101000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1017000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3027000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
37875000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
38688000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
15314000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
16032000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6300000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11064000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21614000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27096000 usd
us-gaap Interest Paid Net
InterestPaidNet
12327000 usd
us-gaap Interest Paid Net
InterestPaidNet
10637000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
312000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
109000 usd
us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
89378000 usd
us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
79166000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
457000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
440000 usd
CY2022Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
26730000 usd
CY2021Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
24157000 usd
us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
24484000 usd
us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
6642000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:138%">Use of Estimates</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">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>
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 usd
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 usd
fcpt Assets Held For Sale Disposal Period
AssetsHeldForSaleDisposalPeriod
P1Y
CY2022Q2 fcpt Number Of Properties Held For Sale
NumberOfPropertiesHeldForSale
1 property
CY2021Q4 fcpt Number Of Properties Held For Sale
NumberOfPropertiesHeldForSale
0 property
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17714000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6300000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3900000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21614000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6300000 usd
us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style="margin-bottom:6pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:138%">Derivative Instruments and Hedging Activities</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">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="margin-bottom:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">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="margin-bottom:6pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:138%">Revenue Recognition</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:138%">Rental Revenue</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">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="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">In certain circumstances, the Company may offer tenant allowance funds in exchange for increasing rent, extending the term, and including annual sales reporting among other items. These tenant allowance funds are classified as lease incentives upon payment and are amortized as a reduction to revenue over the lease term. Lease incentives are included in intangible lease assets, net, on our Consolidated Balance Sheets. The Company did not pay any lease incentives to tenants during the six months ended June 30, 2022. During the year ended December 31, 2021, the Company paid lease incentives of $1.2 million to tenants. </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">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 able to recover substantially all of the receivable, we derecognize the deferred rent receivable asset and record that revenue as a reduction in rental revenue. If we determine the lease receivable will not be collected due to a credit concern, we reduce the recorded revenue for the period and related accounts receivable. </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">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. Costs paid by the lessor and reimbursed by the lessees are 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="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:138%">Restaurant Revenue</span></div>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.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.
fcpt Lessor Payments Of Lease Incentives To Tenants
LessorPaymentsOfLeaseIncentivesToTenants
0 usd
CY2021 fcpt Lessor Payments Of Lease Incentives To Tenants
LessorPaymentsOfLeaseIncentivesToTenants
1200000 usd
CY2022Q2 us-gaap Credit Card Receivables
CreditCardReceivables
118000 usd
CY2021Q4 us-gaap Credit Card Receivables
CreditCardReceivables
116000 usd
CY2022Q2 fcpt Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
3 property
fcpt Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
3 property
CY2022Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
5800000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
5800000 usd
CY2021Q2 fcpt Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
0 property
fcpt Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
2 property
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
431000 usd
CY2022Q2 fcpt Redeemable Noncontrolling Interest Shares Convertible Conversion Ratio
RedeemableNoncontrollingInterestSharesConvertibleConversionRatio
1
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
8500000 usd
CY2022Q2 us-gaap Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
3 derivativeinstrument
CY2022Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
47 state
CY2022Q2 us-gaap Credit Derivative Maximum Exposure Undiscounted
CreditDerivativeMaximumExposureUndiscounted
19600000 usd
CY2022Q2 us-gaap Land And Land Improvements
LandAndLandImprovements
1014297000 usd
CY2021Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
966565000 usd
CY2022Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1335884000 usd
CY2021Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1302114000 usd
CY2022Q2 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
135202000 usd
CY2021Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
135726000 usd
CY2022Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2485383000 usd
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2404405000 usd
CY2022Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
693855000 usd
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
682430000 usd
CY2022Q2 us-gaap Real Estate Investments
RealEstateInvestments
1791528000 usd
CY2021Q4 us-gaap Real Estate Investments
RealEstateInvestments
1721975000 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
105311000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
104251000 usd
CY2022Q2 fcpt Real Estate Investment Property And Intangible Asset Net
RealEstateInvestmentPropertyAndIntangibleAssetNet
1896839000 usd
CY2021Q4 fcpt Real Estate Investment Property And Intangible Asset Net
RealEstateInvestmentPropertyAndIntangibleAssetNet
1826226000 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
99400000 usd
fcpt Real Estate Investments Contingent Consideration
RealEstateInvestmentsContingentConsideration
0 usd
CY2022Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P6Y6M
fcpt Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
3 property
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
5800000 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
84400000 usd
CY2021Q2 us-gaap Number Of Restaurants
NumberOfRestaurants
36 property
CY2021Q2 fcpt Real Estate Investments Number Of States With Properties
RealEstateInvestmentsNumberOfStatesWithProperties
17 state
us-gaap Payments To Acquire Land
PaymentsToAcquireLand
43000000 usd
fcpt Payments To Acquire Buildings And Improvements
PaymentsToAcquireBuildingsAndImprovements
33400000 usd
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
900000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
7100000 usd
fcpt Real Estate Investments Contingent Consideration
RealEstateInvestmentsContingentConsideration
0 usd
CY2021Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P7Y10M24D
fcpt Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
2 property
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
431000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
24383000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
24383000 usd
CY2022Q2 fcpt Intangible Assets And Finance Lease Right Of Use Asset Before Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
137497000 usd
CY2021Q4 fcpt Intangible Assets And Finance Lease Right Of Use Asset Before Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
129244000 usd
CY2022Q2 fcpt Intangible Assets And Finance Lease Right Of Use Asset Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetAccumulatedAmortization
32186000 usd
CY2021Q4 fcpt Intangible Assets And Finance Lease Right Of Use Asset Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetAccumulatedAmortization
24993000 usd
CY2022Q2 fcpt Intangible Assets And Finance Lease Right Of Use Asset After Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetAfterAccumulatedAmortization
105311000 usd
CY2021Q4 fcpt Intangible Assets And Finance Lease Right Of Use Asset After Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetAfterAccumulatedAmortization
104251000 usd
CY2022Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
2610000 usd
CY2021Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
2978000 usd
CY2022Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
1021000 usd
CY2021Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
1038000 usd
CY2022Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
1589000 usd
CY2021Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
1940000 usd
fcpt Intangible Lease Assets And Liabilities Weighted Average Amortization Period
IntangibleLeaseAssetsAndLiabilitiesWeightedAverageAmortizationPeriod
P8Y4M24D
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
7319000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
12506000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
10870000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
9205000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8085000 usd
CY2022Q2 fcpt Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
25083000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
73068000 usd
fcpt Number Of Ground Leases
NumberOfGroundLeases
2 groundlease
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
349000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
705000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
718000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
470000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
310000 usd
CY2022Q2 fcpt Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
5072000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
7624000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2240000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
5384000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0419
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P16Y2M12D
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
218000 usd
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
223000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
453000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
449000 usd
CY2022Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
46147000 usd
CY2021Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
41230000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
91490000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
81976000 usd
CY2022Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1757000 usd
CY2021Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
932000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
3317000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1701000 usd
CY2022Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
47904000 usd
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
42162000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
94807000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
83677000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
90988000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
182915000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
182558000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
181180000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
180379000 usd
CY2022Q2 fcpt Lessor Operating Lease Payments To Be Received After Four Years
LessorOperatingLeasePaymentsToBeReceivedAfterFourYears
922449000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1740469000 usd
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8500000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8400000 usd
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
496000 usd
CY2021Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
890000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
964000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1400000 usd
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
-3400000 usd
CY2022Q2 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
19600000 usd
CY2022Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
-19600000 usd
CY2021Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
4900000 usd
CY2022Q2 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
19600000 usd
CY2022Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
-19600000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4675000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4919000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3900000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 usd
CY2022Q2 fcpt Prepaid Acquisition Expense
PrepaidAcquisitionExpense
3698000 usd
CY2021Q4 fcpt Prepaid Acquisition Expense
PrepaidAcquisitionExpense
3049000 usd
CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
1550000 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
1312000 usd
CY2022Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1039000 usd
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1375000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
262000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
252000 usd
CY2022Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
886000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
695000 usd
CY2022Q2 us-gaap Other Assets
OtherAssets
16010000 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
11602000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
5384000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5617000 usd
CY2022Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
3147000 usd
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2066000 usd
CY2022Q2 fcpt Intangible Lease Liabilities Net
IntangibleLeaseLiabilitiesNet
1589000 usd
CY2021Q4 fcpt Intangible Lease Liabilities Net
IntangibleLeaseLiabilitiesNet
1940000 usd
CY2022Q2 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
1540000 usd
CY2021Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
2547000 usd
CY2022Q2 fcpt Accrued Operating Expenses
AccruedOperatingExpenses
460000 usd
CY2021Q4 fcpt Accrued Operating Expenses
AccruedOperatingExpenses
286000 usd
CY2022Q2 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
241000 usd
CY2021Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
550000 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
2846000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
3008000 usd
CY2022Q2 us-gaap Other Liabilities
OtherLiabilities
15207000 usd
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
16014000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
144000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
71000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
232000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
134000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
61000 usd
CY2022Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
61000 usd
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
80543986 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
80543986 shares
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3325
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3325
CY2022Q2 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
114559 shares
CY2022Q2 fcpt Redeemable Noncontrolling Interest Shares Convertible Conversion Ratio
RedeemableNoncontrollingInterestSharesConvertibleConversionRatio
1
CY2022Q2 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
3100000 usd
CY2021Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
3400000 usd
CY2022Q2 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
114559 shares
CY2022Q2 us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
38000 usd
us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
76000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80294804 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76058812 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80245247 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76014595 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
199639 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
108653 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
200920 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
133174 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80494443 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76167465 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80446167 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76147769 shares
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
28130000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
20138000 usd
us-gaap Net Income Loss
NetIncomeLoss
50385000 usd
us-gaap Net Income Loss
NetIncomeLoss
40717000 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.63
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
299372 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
207968 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
298091 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
183448 shares
CY2022Q2 fcpt Weighted Average Units Of Partnership Interest Amount
WeightedAverageUnitsOfPartnershipInterestAmount
114559 shares
fcpt Weighted Average Units Of Partnership Interest Amount
WeightedAverageUnitsOfPartnershipInterestAmount
114559 shares
fcpt Weighted Average Units Of Partnership Interest Amount
WeightedAverageUnitsOfPartnershipInterestAmount
159392 shares
CY2021Q2 fcpt Weighted Average Units Of Partnership Interest Amount
WeightedAverageUnitsOfPartnershipInterestAmount
159392 shares
CY2022Q2 fcpt Common Stock Increase Decrease In Capital Shares Reserved For Future Issuance
CommonStockIncreaseDecreaseInCapitalSharesReservedForFutureIssuance
1500000 shares
CY2022Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
3600000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2018495 shares
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
7800000 usd
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
4210000 usd
fcpt Employee Service Share Based Compensation Nonvested Awards Compensation Not Yet Recognized Share Based Awards Other Than Options Grants In Period
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationNotYetRecognizedShareBasedAwardsOtherThanOptionsGrantsInPeriod
6521000 usd
fcpt Employee Service Share Based Compensation Nonvested Awards Compensation Not Yet Recognized Share Based Awards Other Than Options Forfeited In Period
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationNotYetRecognizedShareBasedAwardsOtherThanOptionsForfeitedInPeriod
368000 usd
fcpt Employee Service Share Based Compensation Non Vested Awards Compensation Not Yet Recognized Share Based Awards Other Than Options Compensation Expense In Period
EmployeeServiceShareBasedCompensationNonVestedAwardsCompensationNotYetRecognizedShareBasedAwardsOtherThanOptionsCompensationExpenseInPeriod
2533000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
7830000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y3M18D
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4698000 usd
CY2022Q2 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
10128000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2022Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2021Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2022Q2 us-gaap Lease Income
LeaseIncome
47904000 usd
CY2022Q2 us-gaap Revenues
Revenues
55425000 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
23865000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
9031000 usd
CY2022Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
29000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
28170000 usd
CY2021Q2 us-gaap Lease Income
LeaseIncome
42162000 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
8384000 usd
CY2021Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
7000 usd
CY2022Q2 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
5756000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
144000 usd
CY2021Q2 us-gaap Revenues
Revenues
49272000 usd
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4465000 usd
CY2021Q2 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
8388000 usd
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
20644000 usd
CY2021Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
71000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
20180000 usd
us-gaap Lease Income
LeaseIncome
94807000 usd
us-gaap Revenues
Revenues
109822000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9967000 usd
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
19832000 usd
us-gaap Operating Expenses
OperatingExpenses
47570000 usd
us-gaap Interest Expense
InterestExpense
17406000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
86000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
5756000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
232000 usd
us-gaap Profit Loss
ProfitLoss
50456000 usd
us-gaap Lease Income
LeaseIncome
83677000 usd
us-gaap Revenues
Revenues
96018000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9228000 usd
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
16624000 usd
us-gaap Operating Expenses
OperatingExpenses
39504000 usd
us-gaap Interest Expense
InterestExpense
16017000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
8000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
431000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
134000 usd
CY2022Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1791528000 usd
CY2022Q2 us-gaap Cash
Cash
17714000 usd
us-gaap Profit Loss
ProfitLoss
40802000 usd
CY2022Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2485383000 usd
CY2022Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
693855000 usd
CY2022Q2 us-gaap Assets
Assets
2010717000 usd
CY2022Q2 us-gaap Notes Payable
NotesPayable
966493000 usd
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2404405000 usd
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
682430000 usd
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1721975000 usd
CY2021Q4 us-gaap Cash
Cash
6300000 usd
CY2021Q4 us-gaap Assets
Assets
1902980000 usd
CY2021Q4 us-gaap Notes Payable
NotesPayable
877591000 usd

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