Four Corners Property (FCPT) AI Stock Analysis

• Market Cap: $2.66B
• Dividend Yield: 5.49%
• Average Volume (3M): 701.45K
• Price to Earnings (P/E): 24.6
• Beta (1Y): 0.39
• Revenue Growth: 6.28%
• EPS Growth: 1.21%
• Country: US
• Employees: 536
• Sector: Real Estate
• Sector Strength: 60
• Industry: REIT - Retail
• EPS (TTM): 0.28
• Shares Outstanding: 100,472,010
• 10 Day Avg. Volume: 582,533
• 30 Day Avg. Volume: 701,446
• PEG Ratio: 26.03
• Price to Book (P/B): 1.74
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 33.59
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 2.37
• Enterprise Value/Gross Profit: 10.17
• Enterprise Value/Ebitda: 3.35
• 1Y Price Target: $29.60
• Price Target Upside: 15.26% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 72 Outperform
• Price Target: $28.00 ▲(9.03%Upside)

Four Corners Property Trust exhibits strong financial health and a positive earnings outlook, which are the primary drivers of its stock score. While technical indicators show some weakness, the company's valuation and dividend yield remain attractive. Recent corporate events and earnings call insights further support a positive trajectory, though acquisition pricing and economic concerns present moderate risks.

Positive Factors

Balance Sheet

The balance sheet strengthening measures have put the company in a favorable position.

Growth Strategy

The company's stringent underwriting criteria enable the identification of the best assets, supporting its growth strategy.

Portfolio Strength

The portfolio's attributes, such as strong rent coverage and investment grade exposure, support cash flow durability.

Negative Factors

Market Expansion

There is little potential for multiple expansion, and the current valuation is seen as fair.

Valuation

Shares trade at one of the highest multiples in the sector, suggesting the growth potential and high-quality portfolio are currently priced in.

Four Corners Property Business Overview & Revenue Model

Company Description

Four Corners Property Trust (FCPT) is a real estate investment trust (REIT) focused on owning and managing a diversified portfolio of high-quality, net-leased restaurant and retail properties in the United States. FCPT primarily invests in properties leased to leading national and regional restaurant brands, providing stable and predictable income streams. The company aims to deliver long-term value to its shareholders through strategic acquisitions, active portfolio management, and maintaining strong tenant relationships.

How the Company Makes Money

Four Corners Property Trust generates revenue primarily through leasing its real estate properties to tenants under long-term, net lease agreements. In these agreements, tenants are responsible for paying rent along with property taxes, insurance, and maintenance costs, minimizing FCPT's operational expenses. The company's key revenue streams include rental income from its diversified portfolio of restaurant and retail properties. FCPT's strategic partnerships with major restaurant brands and its focus on properties with creditworthy tenants help ensure consistent occupancy rates and financial stability. Additionally, the company may engage in property acquisitions and dispositions to optimize its portfolio and enhance returns.

Four Corners Property Financial Statement Overview

Summary

Four Corners Property Trust shows strong financial health with robust revenue and profit growth. The company has efficient operations and effective cash management, maintaining a balanced leverage profile. These factors contribute to its commendable performance in the REIT sector.

Income Statement

Four Corners Property has shown strong revenue growth with a 22.6% increase from 2022 to TTM (Trailing-Twelve-Months). The gross profit margin is robust at 85.1%, and the net profit margin stands at 37.6% for TTM. EBIT and EBITDA margins are also healthy at 55.5% and 76.2%, respectively, indicating efficient operations and strong earnings performance.

Balance Sheet

The balance sheet reveals a stable financial structure with a debt-to-equity ratio of 0.84, reflecting moderate leverage. Return on equity is solid at 7.2% for TTM, and the equity ratio is 52.8%, indicating a strong equity base relative to total assets.

Cash Flow

Cash flow analysis shows healthy free cash flow growth of 16.6% from 2022 to TTM. The operating cash flow to net income ratio is 1.64, and the free cash flow to net income ratio is consistent at 1.64, highlighting effective cash generation relative to earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	279.44M	268.07M	250.61M	223.19M	199.38M	170.94M
Gross Profit	253.01M	227.47M	210.35M	187.38M	169.78M	151.35M
EBITDA	161.51M	204.65M	188.97M	167.88M	152.16M	136.48M
Net Income	105.84M	100.47M	95.34M	97.77M	85.58M	77.33M
Balance Sheet
Total Assets	2.77B	2.65B	2.45B	2.20B	1.90B	1.67B
Cash, Cash Equivalents and Short-Term Investments	5.98M	4.08M	16.32M	26.30M	6.30M	11.06M
Total Debt	0.00	1.14B	1.12B	1.00B	883.21M	759.94M
Total Liabilities	1.28B	1.20B	1.19B	1.06B	939.09M	823.68M
Stockholders Equity	1.48B	1.45B	1.26B	1.14B	961.67M	841.44M
Cash Flow
Free Cash Flow	76.81M	144.10M	165.10M	142.00M	122.42M	91.46M
Operating Cash Flow	76.81M	144.10M	165.10M	142.00M	122.42M	91.46M
Investing Cash Flow	-209.51M	-272.92M	-312.79M	-270.90M	-264.92M	-229.07M
Financing Cash Flow	119.61M	108.11M	146.18M	148.90M	137.74M	143.60M

Four Corners Property Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 25.68
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FCPT, the sentiment is Negative. The current price of 25.68 is below the 20-day moving average (MA) of 26.56, below the 50-day MA of 26.85, and below the 200-day MA of 27.20, indicating a bearish trend. The MACD of -0.20 indicates Positive momentum. The RSI at 36.18 is Neutral, neither overbought nor oversold. The STOCH value of 19.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FCPT.

Four Corners Property Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GTY	77 Outperform	$1.56B	23.99	6.87%	6.55%	6.62%	-3.87%
IVT	76 Outperform	$2.16B	19.44	6.67%	3.32%	8.63%	1412.68%
FCPT	72 Outperform	$2.66B	24.60	7.73%	5.49%	6.28%	1.21%
NTST	71 Outperform	$1.80B	―	-0.43%	4.55%	21.31%	-199.59%
WSR	69 Neutral	$1.29B	20.97	7.33%	4.21%	4.39%	24.45%
AKR	64 Neutral	$2.47B	112.32	0.95%	4.19%	7.09%	2591.94%
Sector *	63 Neutral	$6.86B	17.00	-2.14%	7.13%	4.56%	-27.45%

Four Corners Property Corporate Events

Four Corners Property Reports Strong Q2 2025 Results

Four Corners Property Trust reported its financial results for the second quarter of 2025, showing a 10.7% increase in rental revenue to $64.8 million compared to the previous year. The company acquired 24 properties worth $84.4 million and maintained a high rent collection rate of 99.8%. FCPT’s net income attributable to common shareholders rose to $27.9 million, and the company declared a dividend of $0.3550 per share. With significant liquidity and low leverage, FCPT is well-positioned for further growth in the latter half of the year.

The most recent analyst rating on (FCPT) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on Four Corners Property stock, see the FCPT Stock Forecast page.

Four Corners Property Appoints New Chair of the Board

On June 5, 2025, Four Corners Property Trust implemented its succession plan as Douglas B. Hansen was appointed as the new Chair of the Board of Directors, succeeding John S. Moody, who retired. The company also held its annual meeting of stockholders where all directors were re-elected, KPMG LLP’s appointment as the independent registered public accounting firm was ratified, and the compensation of the company’s named executive officers was approved on a non-binding advisory basis. This transition marks a significant leadership change, with Hansen bringing extensive experience in real estate and capital markets, which is expected to sustain FCPT’s strong performance.

The most recent analyst rating on (FCPT) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on Four Corners Property stock, see the FCPT Stock Forecast page.

Four Corners Property Reports Strong Q1 2025 Results

On April 30, 2025, Four Corners Property Trust, Inc. announced its financial results for the first quarter of 2025, highlighting a record acquisition volume of over $56 million in properties leased to national brands. Despite market volatility, FCPT reported increased rental revenue of $63.5 million, an 8.4% rise from the previous year, and maintained a high rent collection rate of 99.5%. The company also enhanced its liquidity and reduced its leverage profile, with significant equity raised and an expanded credit facility. These developments underscore FCPT’s strong operational performance and strategic positioning in the real estate market.