4 Corners Property Belief, Inc. (FCPT) Q1 2025 Earnings Name Transcript

4 Corners Property Belief, Inc. (NYSE:FCPT) Q1 2025 Outcomes Convention Name Could 1, 2025 12:00 PM ET

Firm Contributors

Patrick Wernig – Chief Monetary Officer
Invoice Lenehan – Chief Govt Officer
Josh Zhang – Chief Funding Officer

Convention Name Contributors

John Kilichowski – Wells Fargo
Catherine Graves – UBS
Anthony Paolone – JPMorgan
Wes Golladay – Baird
Kyle Katorincek – Janney
R.J. Milligan – Raymond James
Jason Wayne – Barclays
James Kammert – Evercore

Operator

Good day and welcome everybody to the FCPT First Quarter 2025 Monetary Outcomes Convention name. My title is Becky, and I will be your operator at the moment. [Operator Instructions]

I am going to now hand over to your host, Patrick Wernig, Chief Monetary Officer to start. Please go forward.

Patrick Wernig

Thanks, Becky. Through the course of this name, we are going to make ahead trying statements, that are based mostly on our beliefs and assumptions. Precise outcomes might be affected by identified and unknown elements which can be past our management or means to foretell. Our assumptions will not be a assure of future efficiency and a few will show to be incorrect. For a extra detailed description of some potential dangers, please check with our SEC filings, which could be discovered at fcpt.com. All the data offered on this name is present as of at the moment, Could 1st, 2025. As well as, reconciliation to non-GAAP monetary measures offered on this name corresponding to FFO and AFFO could be discovered within the firm’s supplemental report.

With that, I am going to flip the decision over to Invoice.

Invoice Lenehan

Good morning. Following our typical cadence, after my introductory remarks, Josh will remark additional on the funding market and Patrick will talk about our monetary outcomes and capital place. The beginning of 2025 continued the momentum we had within the second half of 2024. We took benefit of our sustained sturdy price to capital and added to