2024 Q1 Form 10-K Financial Statement

#000165013224000045 Filed on February 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $66.47M $65.14M $250.6M
YoY Change 10.87% 13.56% 12.28%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $16.86M $15.32M $62.94M
YoY Change 2.06% 6.32% 12.68%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.47M $13.32M $50.73M
YoY Change 10.6% 20.53% 22.33%
% of Gross Profit
Operating Expenses $30.33M $28.64M $113.7M
YoY Change 5.69% 12.49% 16.79%
Operating Profit
YoY Change
Interest Expense -$12.28M -$12.36M $44.61M
YoY Change -223.83% 25.85% 22.53%
% of Operating Profit
Other Income/Expense, Net $240.0K $110.0K $919.0K
YoY Change -20.0% -62.33% 69.56%
Pretax Income $24.10M $24.54M $95.59M
YoY Change 3.87% 7.03% -2.6%
Income Tax $27.00K $80.00K $130.0K
% Of Pretax Income 0.11% 0.33% 0.14%
Net Earnings $24.04M $24.43M $95.34M
YoY Change 3.98% 6.82% -2.49%
Net Earnings / Revenue 36.17% 37.5% 38.04%
Basic Earnings Per Share $0.26 $1.08
Diluted Earnings Per Share $0.26 $0.27 $1.07
COMMON SHARES
Basic Shares Outstanding 91.99M shares 90.57M shares 88.53M shares
Diluted Shares Outstanding 91.93M shares 88.75M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.08M $16.32M $16.32M
YoY Change -16.94% -37.93% -37.93%
Cash & Equivalents $26.08M $16.32M $16.32M
Short-Term Investments
Other Short-Term Assets $1.953M $1.176M $1.176M
YoY Change 21.83% -9.54% -9.54%
Inventory $266.0K $238.0K $238.0K
Prepaid Expenses
Receivables $3.169M $2.985M $2.985M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $26.08M $16.32M $16.32M
YoY Change -27.11% -46.54% -46.54%
LONG-TERM ASSETS
Property, Plant & Equipment $2.216B $2.210B $2.210B
YoY Change 12.86% 13.16% 13.16%
Goodwill
YoY Change
Intangibles $115.8M $118.0M
YoY Change 13.42% 11.13%
Long-Term Investments
YoY Change
Other Assets $67.25M $66.00M $66.00M
YoY Change 2.38% -7.84% -7.84%
Total Long-Term Assets $2.437B $2.435B $2.435B
YoY Change 12.71% 12.33% 12.33%
TOTAL ASSETS
Total Short-Term Assets $26.08M $16.32M $16.32M
Total Long-Term Assets $2.437B $2.435B $2.435B
Total Assets $2.463B $2.452B $2.452B
YoY Change 12.06% 11.51% 11.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $955.0K $1.263M $1.263M
YoY Change 177.62% 64.88% 64.88%
Accrued Expenses $17.36M $17.87M $17.87M
YoY Change 7.99% 32.54% 32.54%
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 $43.96M $45.85M $45.85M
YoY Change -31.32% -24.81% -24.81%
LONG-TERM LIABILITIES
Long-Term Debt $1.131B $1.113B $1.113B
YoY Change 13.54% 11.77% 11.77%
Other Long-Term Liabilities $23.49M $33.23M $33.23M
YoY Change 422.79% 768.41% 768.41%
Total Long-Term Liabilities $1.154B $1.146B $1.146B
YoY Change 15.38% 14.67% 14.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.96M $45.85M $45.85M
Total Long-Term Liabilities $1.154B $1.146B $1.146B
Total Liabilities $1.201B $1.192B $1.194B
YoY Change 12.78% 12.4% 12.37%
SHAREHOLDERS EQUITY
Retained Earnings -$33.89M -$26.28M
YoY Change 515.81% -4661.81%
Common Stock $9.000K $9.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.262B $1.258B $1.258B
YoY Change
Total Liabilities & Shareholders Equity $2.463B $2.452B $2.452B
YoY Change 12.06% 11.51% 11.51%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $24.04M $24.43M $95.34M
YoY Change 3.98% 6.82% -2.49%
Depreciation, Depletion And Amortization $13.47M $13.32M $50.73M
YoY Change 10.6% 20.53% 22.33%
Cash From Operating Activities $27.63M $36.41M $165.1M
YoY Change -27.17% 11.29% 16.27%
INVESTING ACTIVITIES
Capital Expenditures $16.67M $12.57M $341.1M
YoY Change -20.07% -89.9% 15.12%
Acquisitions
YoY Change
Other Investing Activities $225.0K $4.173M $28.27M
YoY Change -97.85% -23.63% 11.44%
Cash From Investing Activities -$16.45M -$8.393M -$312.8M
YoY Change 58.59% -92.95% 15.46%
FINANCING ACTIVITIES
Cash Dividend Paid $31.54M $119.7M
YoY Change 8.52% 11.32%
Common Stock Issuance & Retirement, Net $153.4M
YoY Change 8.16%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$9.195M -19.52M $146.2M
YoY Change -59.05% -125.73% -1.83%
NET CHANGE
Cash From Operating Activities $27.63M 36.41M $165.1M
Cash From Investing Activities -$16.45M -8.393M -$312.8M
Cash From Financing Activities -$9.195M -19.52M $146.2M
Net Change In Cash $1.981M 8.487M -$1.513M
YoY Change -61.18% -181.82% -107.57%
FREE CASH FLOW
Cash From Operating Activities $27.63M $36.41M $165.1M
Capital Expenditures $16.67M $12.57M $341.1M
Free Cash Flow $10.95M $23.84M -$176.0M
YoY Change -35.85% -125.99% 14.06%

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CY2023 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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ProfitLoss
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CY2023 us-gaap Profit Loss
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2021 us-gaap Profit Loss
ProfitLoss
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DepreciationDepletionAndAmortization
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CY2023 fcpt Non Cash Revenue Adjustments
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CY2022 fcpt Non Cash Revenue Adjustments
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CY2021 fcpt Non Cash Revenue Adjustments
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CY2021 us-gaap Increase Decrease In Derivative Assets
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CY2023 fcpt Increase Decrease In Straight Line Rent Adjustment
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5523000 usd
CY2022 fcpt Increase Decrease In Straight Line Rent Adjustment
IncreaseDecreaseInStraightLineRentAdjustment
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CY2021 fcpt Increase Decrease In Straight Line Rent Adjustment
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CY2021 us-gaap Increase Decrease In Contract With Customer Liability
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CY2023 fcpt Lessor Payments Of Lease Incentives To Tenants
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1234000 usd
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LessorPaymentsOfLeaseIncentivesToTenants
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CY2021 fcpt Lessor Payments Of Lease Incentives To Tenants
LessorPaymentsOfLeaseIncentivesToTenants
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CY2022 us-gaap Increase Decrease In Other Operating Capital Net
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CY2021 us-gaap Increase Decrease In Other Operating Capital Net
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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142000000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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122416000 usd
CY2023 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
341066000 usd
CY2022 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
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CY2021 us-gaap Payments To Acquire Real Estate
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CY2023 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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CY2022 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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CY2021 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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CY2022 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
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CY2021 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Proceeds From Issuance Of Common Stock
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
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141826000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
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CY2023 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
100000000 usd
CY2022 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
125000000 usd
CY2021 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
100000000 usd
CY2023 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
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CY2022 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
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CY2021 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
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1098000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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CY2023 us-gaap Proceeds From Lines Of Credit
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CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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CY2023 us-gaap Repayments Of Lines Of Credit
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CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
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CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
164500000 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
119717000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
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CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
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157000 usd
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153000 usd
CY2021 us-gaap Payments To Minority Shareholders
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CY2023 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
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CY2021 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
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CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2257000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1513000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
19996000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26296000 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
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24783000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26296000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6300000 usd
CY2023 us-gaap Interest Paid Net
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InterestPaidNet
30696000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
22745000 usd
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IncomeTaxesPaidNet
369000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
332000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
314000 usd
CY2023 us-gaap Proceeds From Lease Payments
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CY2022 us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
182806000 usd
CY2021 us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
163376000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
905000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
903000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
878000 usd
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
31539000 usd
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
29064000 usd
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
26655000 usd
CY2023 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
-17283000 usd
CY2022 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
40193000 usd
CY2021 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
13029000 usd
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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%">Reclassifications</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%">Certain amounts previously reported under specific financial statement captions have been reclassified to be consistent with the current period presentation. As of December 31, 2023, we have conformed the prior presentation of the Long-term debt, net of deferred financing costs to the current format for comparability purposes.</span></div>
CY2023 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;margin-top:10pt;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 sales and expenses during the reporting period. The estimates and assumptions used in </span></div><div style="margin-bottom:6pt;margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">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>
CY2021 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 usd
CY2022 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 usd
CY2023 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 usd
CY2023Q4 fcpt Number Of Properties Held For Sale
NumberOfPropertiesHeldForSale
0 property
CY2022Q4 fcpt Number Of Properties Held For Sale
NumberOfPropertiesHeldForSale
2 property
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16322000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26296000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6300000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8461000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24783000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26296000 usd
CY2023 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 Sheets 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 GAAP, changes in the derivatives’ fair value are not included in current earnings but are included in accumulated other comprehensive income (loss), 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>
CY2023Q4 fcpt Redeemable Noncontrolling Interest Equity Redemption Ratio
RedeemableNoncontrollingInterestEquityRedemptionRatio
1
CY2023Q4 us-gaap Number Of Restaurants
NumberOfRestaurants
314 restaurant
CY2023Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
47 state
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
18000000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
118027000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
106206000 usd
CY2023Q4 fcpt Real Estate Investment Property And Intangible Asset Net
RealEstateInvestmentPropertyAndIntangibleAssetNet
2328502000 usd
CY2022Q4 fcpt Real Estate Investment Property And Intangible Asset Net
RealEstateInvestmentPropertyAndIntangibleAssetNet
2055206000 usd
CY2023 fcpt Real Estate Investments Contingent Consideration
RealEstateInvestmentsContingentConsideration
0 usd
CY2023Q4 fcpt Number Of Retail Estate Properties Sold
NumberOfRetailEstatePropertiesSold
7 property
CY2023 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
2300000 usd
CY2022 fcpt Real Estate Investments Contingent Consideration
RealEstateInvestmentsContingentConsideration
0 usd
CY2022Q4 fcpt Number Of Retail Estate Properties Sold
NumberOfRetailEstatePropertiesSold
8 property
CY2022 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
8100000 usd
CY2022Q4 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
2 property
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
14040000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
16201000 usd
CY2023Q4 fcpt Intangible Assets Gross Excluding Goodwill And Finance Lease Right Of Use Asset
IntangibleAssetsGrossExcludingGoodwillAndFinanceLeaseRightOfUseAsset
176990000 usd
CY2022Q4 fcpt Intangible Assets Gross Excluding Goodwill And Finance Lease Right Of Use Asset
IntangibleAssetsGrossExcludingGoodwillAndFinanceLeaseRightOfUseAsset
146535000 usd
CY2023Q4 fcpt Finite Lived Intangible Assets And Finance Lease Right Of Use Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAndFinanceLeaseRightOfUseAssetsAccumulatedAmortization
58963000 usd
CY2022Q4 fcpt Finite Lived Intangible Assets And Finance Lease Right Of Use Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAndFinanceLeaseRightOfUseAssetsAccumulatedAmortization
40329000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
118027000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
106206000 usd
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
2610000 usd
CY2022Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
2610000 usd
CY2023Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
1414000 usd
CY2022Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
1158000 usd
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
1196000 usd
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
1452000 usd
CY2023 fcpt Intangible Real Assets And Liabilities Weighted Average Amortization Period
IntangibleRealAssetsAndLiabilitiesWeightedAverageAmortizationPeriod
P8Y7M6D
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
193611000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
17405000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
14961000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
13187000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
10819000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
8462000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
31274000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
96108000 usd
CY2023 fcpt Number Of Ground Leases
NumberOfGroundLeases
2 groundlease
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
718000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
470000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
310000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
319000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
319000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4435000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6571000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1929000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4642000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0433
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P15Y9M18D
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
910000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
890000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
885000 usd
CY2023 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
210433000 usd
CY2022 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
187026000 usd
CY2021 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
169005000 usd
CY2023 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
9448000 usd
CY2022 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
6585000 usd
CY2021 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
3807000 usd
CY2023 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
219881000 usd
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
172812000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
218445000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
217367000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
215791000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
207750000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
181485000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
801461000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1842299000 usd
CY2023 fcpt Lessee Finance Lease Option To Extend Term Number Of Leases Excluded From Option
LesseeFinanceLeaseOptionToExtendTermNumberOfLeasesExcludedFromOption
2 groundlease
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
50000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
166000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
150000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
165000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
140000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
450000000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1121000000 usd
CY2023 us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
9700000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4642000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
7424000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
3845000 usd
CY2023 us-gaap Interest Expense
InterestExpense
44606000 usd
CY2022 us-gaap Interest Expense
InterestExpense
36405000 usd
CY2021 us-gaap Interest Expense
InterestExpense
32555000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
18000000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
35300000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
18000000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8461000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3923000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4428000 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
2985000 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
2661000 usd
CY2023Q4 fcpt Prepaid Acquisition Expense And Deposits
PrepaidAcquisitionExpenseAndDeposits
1364000 usd
CY2022Q4 fcpt Prepaid Acquisition Expense And Deposits
PrepaidAcquisitionExpenseAndDeposits
2079000 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1176000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1300000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
238000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
274000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1711000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1530000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
19858000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
12272000 usd
CY2023Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
7835000 usd
CY2022Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
5953000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5141000 usd
CY2023Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
3020000 usd
CY2022Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
2700000 usd
CY2023Q4 fcpt Accrued Tenant Property Tax
AccruedTenantPropertyTax
2518000 usd
CY2022Q4 fcpt Accrued Tenant Property Tax
AccruedTenantPropertyTax
1537000 usd
CY2023Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
1263000 usd
CY2022Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
766000 usd
CY2023Q4 fcpt Intangible Lease Liabilities Net
IntangibleLeaseLiabilitiesNet
1196000 usd
CY2022Q4 fcpt Intangible Lease Liabilities Net
IntangibleLeaseLiabilitiesNet
1452000 usd
CY2023Q4 fcpt Accrued Operating Expenses
AccruedOperatingExpenses
262000 usd
CY2022Q4 fcpt Accrued Operating Expenses
AccruedOperatingExpenses
257000 usd
CY2023Q4 us-gaap Other Sundry Liabilities
OtherSundryLiabilities
2106000 usd
CY2022Q4 us-gaap Other Sundry Liabilities
OtherSundryLiabilities
2366000 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
30266000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
24017000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
389000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
362000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
330000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
389000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
362000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
330000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-259000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-125000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-864000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-259000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-125000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-864000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
130000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
237000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-534000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 fcpt Effective Income Tax Rate Reconciliation Real Estate Investment Trust Election Percent
EffectiveIncomeTaxRateReconciliationRealEstateInvestmentTrustElectionPercent
-0.209
CY2022 fcpt Effective Income Tax Rate Reconciliation Real Estate Investment Trust Election Percent
EffectiveIncomeTaxRateReconciliationRealEstateInvestmentTrustElectionPercent
-0.208
CY2021 fcpt Effective Income Tax Rate Reconciliation Real Estate Investment Trust Election Percent
EffectiveIncomeTaxRateReconciliationRealEstateInvestmentTrustElectionPercent
-0.208
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.004
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.003
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.003
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.003
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.002
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.001
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.001
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.010
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.001
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.002
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.005
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-259000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-125000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
33000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
32000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
34000 usd
CY2023Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
1704000 usd
CY2022Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
1366000 usd
CY2021Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
1032000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
15000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
60000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
81590124 shares
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
133000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
144000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
141000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
138000 usd
CY2023Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
14000 usd
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
15000 usd
CY2021Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
14000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1910000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1614000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1351000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
0 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
14000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
34000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
662000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
612000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
453000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
662000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
626000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
487000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
1248000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
988000 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
864000 usd
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 fcpt Common Stock Vote
CommonStockVote
1 vote
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3400
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3400
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3400
CY2023Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3450
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
91617477 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
91617477 shares
CY2023Q4 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
114559 shares
CY2023Q4 fcpt Redeemable Noncontrolling Interest Shares Convertible Conversion Ratio
RedeemableNoncontrollingInterestSharesConvertibleConversionRatio
1
CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
2900000 usd
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
3000000 usd
CY2021Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
3400000 usd
CY2023Q4 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
114559 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88526343 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76674046 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
220685 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
216941 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
164523 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88747028 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81807065 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76838569 shares
CY2023 us-gaap Net Income Loss
NetIncomeLoss
95340000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
97772000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
85581000 usd
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.20
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.12
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.07
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.20
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.11
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
274384 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
262600 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
178139 shares
CY2023 fcpt Weighted Average Unitsof Partnership Interest Amount
WeightedAverageUnitsofPartnershipInterestAmount
114559 shares
CY2022 fcpt Weighted Average Unitsof Partnership Interest Amount
WeightedAverageUnitsofPartnershipInterestAmount
114559 shares
CY2021 fcpt Weighted Average Unitsof Partnership Interest Amount
WeightedAverageUnitsofPartnershipInterestAmount
147969 shares
CY2022Q2 fcpt Common Stock Increase Decrease In Capital Shares Reserved For Future Issuance
CommonStockIncreaseDecreaseInCapitalSharesReservedForFutureIssuance
1500000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
3600000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1672723 shares
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
7500000 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
5405000 usd
CY2023 fcpt Employee Service Share Based Compensation Nonvested Awards Compensation Not Yet Recognized Share Based Awards Other Than Options Grants In Period
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationNotYetRecognizedShareBasedAwardsOtherThanOptionsGrantsInPeriod
8353000 usd
CY2023 fcpt Employee Service Share Based Compensation Nonvested Awards Compensation Not Yet Recognized Share Based Awards Other Than Options Forfeited In Period
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationNotYetRecognizedShareBasedAwardsOtherThanOptionsForfeitedInPeriod
25000 usd
CY2023 fcpt Employee Service Share Based Compensation Nonvested Awards Compensation Not Yet Recognized Share Based Awards Other Than Options Compensation Expense In Period
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationNotYetRecognizedShareBasedAwardsOtherThanOptionsCompensationExpenseInPeriod
6271000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
7462000 usd
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2023 us-gaap Lease Income
LeaseIncome
219881000 usd
CY2023 us-gaap Revenues
Revenues
250606000 usd
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
22680000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
50731000 usd
CY2023 us-gaap Operating Expenses
OperatingExpenses
113668000 usd
CY2023 us-gaap Interest Expense
InterestExpense
44606000 usd
CY2023 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
919000 usd
CY2023 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
2341000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
130000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
95462000 usd
CY2022 us-gaap Lease Income
LeaseIncome
193611000 usd
CY2022 us-gaap Revenues
Revenues
223194000 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20043000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
41471000 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
97325000 usd
CY2022 us-gaap Interest Expense
InterestExpense
36405000 usd
CY2022 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
542000 usd
CY2022 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
8139000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
237000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
97908000 usd
CY2021 us-gaap Lease Income
LeaseIncome
172812000 usd
CY2021 us-gaap Revenues
Revenues
199378000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17650000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
34826000 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
82079000 usd
CY2021 us-gaap Interest Expense
InterestExpense
32555000 usd
CY2021 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
36000 usd
CY2021 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
431000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-534000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
85745000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2949421000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
738946000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2210475000 usd
CY2023Q4 us-gaap Cash
Cash
16322000 usd
CY2023Q4 us-gaap Assets
Assets
2451634000 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
1112689000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2655702000 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
706702000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1949000000 usd
CY2022Q4 us-gaap Cash
Cash
26296000 usd
CY2022Q4 us-gaap Assets
Assets
2198587000 usd
CY2022Q4 us-gaap Notes Payable
NotesPayable
995477000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
1215514000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
1326582000 usd
CY2023Q4 fcpt Sec Schedule Iii Real Estateand Accumulated Depreciation Initial Costof Equipment
SECScheduleIIIRealEstateandAccumulatedDepreciationInitialCostofEquipment
48002000 usd
CY2023Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Land
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionLand
25351000 usd
CY2023Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements
246008000 usd
CY2023Q4 fcpt Sec Schedule Iii Real Estateand Accumulated Depreciation Costs Capitalized Subsequentto Acquisition Equipment
SECScheduleIIIRealEstateandAccumulatedDepreciationCostsCapitalizedSubsequenttoAcquisitionEquipment
87964000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
1240865000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
1572590000 usd
CY2023Q4 fcpt Sec Schedule Iii Real Estateand Accumulated Depreciation Carrying Amountof Equipment
SECScheduleIIIRealEstateandAccumulatedDepreciationCarryingAmountofEquipment
135966000 usd
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2949421000 usd
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
738946000 usd
CY2023Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
3000000000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2655702000 usd
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2404405000 usd
CY2023 us-gaap Real Estate Other Additions
RealEstateOtherAdditions
310787000 usd
CY2022 us-gaap Real Estate Other Additions
RealEstateOtherAdditions
278011000 usd
CY2023 fcpt Sec Schedule1228 Real Estate Companies Investment In Real Estate Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateHeldForSale
0 usd
CY2022 fcpt Sec Schedule1228 Real Estate Companies Investment In Real Estate Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateHeldForSale
7719000 usd
CY2023 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
17068000 usd
CY2022 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
18995000 usd
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2949421000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2655702000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
706702000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
682430000 usd
CY2023 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
33983000 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
28090000 usd
CY2023 fcpt Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Investment In Real Estate Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationInvestmentInRealEstateHeldForSale
0 usd
CY2022 fcpt Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Investment In Real Estate Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationInvestmentInRealEstateHeldForSale
724000 usd
CY2023 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
1739000 usd
CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
3094000 usd
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
738946000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
706702000 usd

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