Featured photo showing on standard posts but not status/photo post

I’m slightly confused.

If I create a post and set a featured image then that image doesn’t show up if I’m using photo (!) or status post types but if I switch to the standard post type then the image is displayed.

What I had expected was something like this

standard: title + text + featured image
photo: text + featured image
status: text + featured image

What happens is

standard: title + text + featured image
photo: text
status: text

I made a clean install of WP and IP just to make sure that I hadn’t messed things up but this still happens. Am I missing some setting? If so, which one?