Four Corners Property: Q1 Earnings Snapshot

MILL VALLEY, Calif. (AP) — MILL VALLEY, Calif. (AP) — Four Corners Property Trust Inc. (FCPT) on Monday reported a key measure of profitability in its first quarter.

The Mill Valley, California-based real estate investment trust said it had funds from operations of $35.2 million, or 41 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $23.1 million, or 27 cents per share.

The real estate investment trust, based in Mill Valley, California, posted revenue of $60 million in the period.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FCPT at https://www.zacks.com/ap/FCPT