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Four Corners Property Trust saw same-store income drop 2.6% in Q4 2023 due to lower occupancy and rents, but kept its dividend and plans asset sales and redevelopment.
Four Corners Property Trust reported mixed results in its Q4 2023 earnings call, with same-store net operating income declining 2.6% year-over-year due to lower occupancy and rental rates.
The company maintained its dividend and reiterated its focus on asset optimization, including selective property sales and redevelopment.
Management expressed cautious optimism about 2024, citing improving market conditions and ongoing portfolio adjustments.
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Four Corners Property Trust registró una caída del 2,6% en los ingresos de las mismas tiendas en el cuarto trimestre de 2023 debido a una menor ocupación y alquileres, pero mantuvo su dividendo y planea ventas de activos y redesarrollo.