Four Corners Property (FCPT) AI Stock Analysis

• Market Cap: $2.74B
• Dividend Yield: 5.2%
• Average Volume (3M): 480.99K
• Price to Earnings (P/E): 25.5
• Beta (1Y): 0.43
• Revenue Growth: 6.20%
• EPS Growth: 0.28%
• Country: US
• Employees: 536
• Sector: Real Estate
• Sector Strength: 65
• Industry: REIT - Retail
• EPS (TTM): 0.26
• Shares Outstanding: 100,472,010
• 10 Day Avg. Volume: 467,098
• 30 Day Avg. Volume: 480,993
• PEG Ratio: -1.49
• Price to Book (P/B): 2.68
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 18.43
• Enterprise Value/Market Cap: 1.13
• Enterprise Value/Revenue: 2.89
• Enterprise Value/Gross Profit: 13.30
• Enterprise Value/Ebitda: 3.86
• 1Y Price Target: $29.75
• Price Target Upside: 9.01% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 79 Outperform
• Price Target: $31.00 ▲(13.59%Upside)

Four Corners Property's strong financial performance and robust earnings call are leading factors in its favorable stock score. While technical indicators suggest stability, the company's attractive dividend yield enhances its investment appeal. Minor rent collection issues and economic concerns present risks, but overall, FCPT is well-positioned in its sector.

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 has demonstrated strong financial performance with significant revenue and profit growth. The company maintains robust margins and a healthy cash flow, supported by a balanced leverage profile, 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
273.08M	268.07M	250.61M	223.19M	199.38M	170.94M
	Gross Profit
232.31M	227.47M	210.35M	187.38M	169.78M	151.35M
	EBIT
151.62M	149.17M	136.94M	126.41M	117.33M	107.05M
	EBITDA
208.21M	204.65M	188.97M	167.88M	152.16M	136.48M
	Net Income Common Stockholders
102.58M	100.47M	95.34M	97.77M	85.58M	77.33M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
22.26M	4.08M	16.32M	26.30M	6.30M	11.06M
	Total Assets
2.71B	2.65B	2.45B	2.20B	1.90B	1.67B
	Total Debt
1.21B	1.14B	1.12B	1.00B	883.21M	759.94M
	Net Debt
1.18B	1.14B	1.10B	974.32M	876.91M	748.87M
	Total Liabilities
1.28B	1.20B	1.19B	1.06B	939.09M	823.68M
	Stockholders Equity
1.43B	1.45B	1.26B	1.14B	961.67M	841.44M
Cash Flow		Free Cash Flow
168.04M	144.10M	165.10M	142.00M	122.42M	91.46M
	Operating Cash Flow
168.04M	144.10M	165.10M	142.00M	122.42M	91.46M
	Investing Cash Flow
-314.55M	-272.92M	-312.79M	-270.90M	-264.92M	-229.07M
	Financing Cash Flow
142.01M	108.11M	146.18M	148.90M	137.74M	143.60M

Four Corners Property Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 27.29
• 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 Negative. The current price of 27.29 is below the 20-day moving average (MA) of 27.42, below the 50-day MA of 27.52, and below the 200-day MA of 27.75, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 46.19 is Neutral, neither overbought nor oversold. The STOCH value of 34.98 is Neutral, 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
FCPT	79 Outperform	$2.74B	25.54	7.62%	5.20%	6.20%	0.28%
APLE	72 Outperform	$2.75B	14.58	5.84%	8.30%	4.98%	-7.08%
OUT	70 Neutral	$2.65B	10.37	39.80%	7.57%	-1.10%	―
LXP	68 Neutral	$2.52B	43.59	2.98%	6.31%	5.68%	358.78%
HIW	66 Neutral	$3.40B	19.72	7.21%	6.35%	-2.01%	31.64%
AKR	65 Neutral	$2.56B	116.30	0.92%	4.15%	2.62%	84.20%
Sector *	61 Neutral	$2.83B	10.87	0.41%	8.09%	5.96%	-21.24%

Four Corners Property Corporate Events

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.

Four Corners Property Expands Portfolio with New Acquisitions

In March 2025, Four Corners Property Trust announced its strategic financial and operational achievements, including the acquisition of 64 properties for $199 million at a 7.1% cap rate and the extension of its credit facility. The company has maintained high rent collection rates and continues to diversify its portfolio, reducing reliance on major brands like Olive Garden and LongHorn. Despite market volatility and macroeconomic uncertainties under the new administration, FCPT has positioned itself as a stable entity with significant liquidity and a defensive portfolio, avoiding sectors with higher risk exposure.