Four Corners Property Trust, Inc. (FCPT) Q2 2026 Earnings Call Transcript

Four Corners Property Trust, Inc. ( FCPT ) Q2 2026 Earnings Call July 30, 2026 12:00 PM EDT Company Participants Patrick Wernig - CFO & Treasurer William Lenehan - President, CEO & Director Joshua Zhang - Director of Investments Conference Call Participants William John Kilichowski - Wells Fargo Securities, LLC, Research Division Eric Borden - BMO Capital Markets Equity Research Anna O'Neil - UBS Investment Bank, Research Division Alec Feygin - Robert W. Baird & Co. Incorporated, Research Division Richard Hightower - Barclays Bank PLC, Research Division Mitch Germain - Citizens JMP Securities, LLC, Research Division James Kammert - Evercore ISI Institutional Equities, Research Division Anthony Paolone - JPMorgan Chase & Co, Research Division Presentation Operator Hello, everyone. Thank you for joining us, and welcome to Four Corners Property Trust's Second Quarter 2026 Conference Call. I will now hand the conference over to Patrick Wernig, CFO. Please go ahead. Patrick Wernig CFO & Treasurer Thank you, Aidan. During the course of this call, we will make forward-looking statements, which are based on our beliefs and assumptions. Actual results will be affected by known and unknown factors that are beyond our control or ability to predict. Our assumptions are not a guarantee of future performance and some will prove to be incorrect. For a more detailed description of some potential risks, please refer to our SEC filings, which can be found at fcpt.com. All the information presented on this call is current as of today, July 30, 2026. In addition, reconciliation to non-GAAP financial measures presented on this call, such as FFO and AFFO, can be found in the company's supplemental report. With that, I will turn the call over to Bill. William Lenehan President, CEO & Director Good morning. Following my initial remarks, Josh will comment on our investment activity, and Patrick will discuss financial results and capital position. It has