Four Corners Property (FCPT) AI Stock Analysis

• Market Cap: $2.68B
• Dividend Yield: 5.44%
• Average Volume (3M): 593.96K
• Price to Earnings (P/E): 23.8
• Beta (1Y): 0.40
• Revenue Growth: 6.28%
• EPS Growth: 1.21%
• Country: US
• Employees: 536
• Sector: Real Estate
• Sector Strength: 46
• Industry: REIT - Retail
• EPS (TTM): 0.28
• Shares Outstanding: 104,464,310
• 10 Day Avg. Volume: 504,391
• 30 Day Avg. Volume: 593,959
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.47
• Enterprise Value/Revenue: 14.06
• Enterprise Value/Gross Profit: 15.53
• Enterprise Value/Ebitda: 18.40
• 1Y Price Target: $29.60
• Price Target Upside: 14.82% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 75 Outperform
• Price Target: $28.00 ▲(8.61% Upside)

Four Corners Property Trust's strong financial performance and positive earnings call are the most significant factors driving the overall score. The company's robust acquisition strategy and high occupancy rates contribute positively. However, technical analysis indicates bearish momentum, and the high P/E ratio suggests potential overvaluation, which tempers the overall score.

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 acquiring and managing a diversified portfolio of high-quality, freestanding, single-tenant commercial properties, primarily in the retail sector. The company is dedicated to enhancing the value of its assets through strategic acquisitions and property management, catering to a range of industries, including restaurants, convenience stores, and other retail establishments. FCPT aims to provide strong returns to its shareholders through prudent investment in high-demand locations and long-term lease agreements.

How the Company Makes Money

FCPT generates revenue primarily through leasing its properties to tenants under long-term, net lease agreements, which typically require tenants to cover property expenses such as taxes, insurance, and maintenance. This structure allows FCPT to benefit from stable, predictable cash flow while minimizing operational costs. The company's revenue model is further bolstered by its strategic focus on acquiring properties leased to strong creditworthy tenants, which helps ensure timely rent payments. Significant partnerships with established brands and a commitment to portfolio diversification also contribute to its earnings, reducing risk and enhancing revenue stability.

Four Corners Property Financial Statement Overview

Summary

Four Corners Property demonstrates a strong financial position with robust revenue and profit growth, efficient operations, and effective cash management. The company maintains a balanced leverage profile, which supports its growth trajectory while ensuring stability. Overall, the financial health of Four Corners Property is commendable, making it a reliable entity in the REIT - Retail 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	213.52M	204.65M	158.96M	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	1.21B	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	-354.18M	-272.92M	-312.79M	-270.90M	-264.92M	-229.07M
Financing Cash Flow	170.87M	108.11M	146.18M	148.90M	137.74M	143.60M

Four Corners Property Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 25.78
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FCPT, the sentiment is Neutral. The current price of 25.78 is above the 20-day moving average (MA) of 25.67, below the 50-day MA of 26.37, and below the 200-day MA of 27.02, indicating a neutral trend. The MACD of -0.22 indicates Negative momentum. The RSI at 48.48 is Neutral, neither overbought nor oversold. The STOCH value of 68.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FCPT.

Four Corners Property Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GTY	79 Outperform	$1.61B	24.83	6.87%	6.47%	6.62%	-3.87%
FCPT	75 Outperform	$2.68B	23.84	7.73%	5.44%	6.28%	1.21%
WSR	73 Outperform	$1.26B	19.02	7.97%	4.23%	4.04%	107.96%
IVT	71 Outperform	$2.22B	19.96	6.67%	3.26%	8.63%	1412.68%
NTST	70 Outperform	$1.80B	―	-0.43%	4.43%	21.31%	-199.59%
AKR	67 Neutral	$2.58B	116.12	0.95%	4.04%	7.09%	2591.94%
Sector *	61 Neutral	kr18.18B	19.87	2.74%	2.56%	2.27%	228.27%

Four Corners Property Corporate Events

No Recent Events for Four Corners Property

On November 7, 2022, Four Corners Property Trust, Inc. filed a Registration Statement with the SEC, which includes updated U.S. federal income tax considerations related to its REIT status. The company emphasizes the complexities and potential changes in tax laws that could impact its qualification and taxation as a REIT, affecting stakeholders’ tax consequences.

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.

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.