Four Corners Property Trust, Inc. (NYSE:FCPT)

Four Corners Property Trust, Inc. FCPT

Real Estate - REIT - Retail - NYSE - US

Watchlist

$ 28.22

1.07 %

$ 2.73 B

Market Cap

26.37

P/E

1. INTRINSIC VALUE

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.[ Read More ]

The intrinsic value of one FCPT stock under the base case scenario is HIDDEN Compared to the current market price of 28.2 USD, Four Corners Property Trust, Inc. is HIDDEN

FCPT Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart FCPT

FINANCIALS

Annual
Quarterly

251 M REVENUE

Growth Rates

1Year 12.28%

3Years 13.60%

5Years 11.78%

7Years 10.57%

10Years 30.95%

0 OPERATING INCOME

Growth Rates

1Year 0.00%

3Years 0.00%

5Years 0.00%

7Years 0.00%

10Years 0.00%

95.3 M NET INCOME

Growth Rates

1Year -2.62%

3Years 7.12%

5Years 2.83%

7Years -6.86%

10Years 124.74%

165 M OPERATING CASH FLOW

Growth Rates

1Year 16.27%

3Years 21.76%

5Years 15.34%

7Years 12.83%

10Years 68.14%

-313 M INVESTING CASH FLOW

Growth Rates

1Year -15.46%

3Years -10.94%

5Years -4.83%

7Years -26.81%

10Years -155.88%

146 M FINANCING CASH FLOW

Growth Rates

1Year -1.83%

3Years 0.60%

5Years -5.11%

7Years 20.83%

10Years 66.79%

66.8 M REVENUE

Growth Rates

1Year 12.28%

3Years 13.60%

5Years 11.78%

7Years 10.57%

10Years 30.95%

37.7 M OPERATING INCOME

Growth Rates

1Year 0.00%

3Years 0.00%

5Years 0.00%

7Years 0.00%

10Years 0.00%

25.6 M NET INCOME

Growth Rates

1Year -2.62%

3Years 7.12%

5Years 2.83%

7Years -6.86%

10Years 124.74%

43.4 M OPERATING CASH FLOW

Growth Rates

1Year 16.27%

3Years 21.76%

5Years 15.34%

7Years 12.83%

10Years 68.14%

-73.4 M INVESTING CASH FLOW

Growth Rates

1Year -15.46%

3Years -10.94%

5Years -4.83%

7Years -26.81%

10Years -155.88%

57.3 M FINANCING CASH FLOW

Growth Rates

1Year -1.83%

3Years 0.60%

5Years -5.11%

7Years 20.83%

10Years 66.79%

Balance Sheet Decomposition Four Corners Property Trust, Inc.

2.45 B ASSETS
1.19 B LIABILITIES

Current Assets	108 M
Cash & Short-Term Investments	16.3 M
Receivables	2.98 M
Other Current Assets	88.5 M
Non-Current Assets	2.34 B
Long-Term Investments	8.46 M
PP&E	3.92 M
Other Non-Current Assets	2.33 B

Current Liabilities	49.7 M
Accounts Payable	1.26 M
Short-Term Debt	50 M
Other Current Liabilities	-1.55 M
Non-Current Liabilities	1.14 B
Long-Term Debt	1.07 B
Other Non-Current Liabilities	73.5 M

EFFICIENCY

Earnings Waterfall Four Corners Property Trust, Inc.

Revenue	251 M
Cost Of Revenue	120 M
Gross Profit	131 M
Operating Expenses	70.2 M
Operating Income	0
Other Expenses	-95.3 M
Net Income	95.3 M

RATIOS

52.24% GROSS MARGIN

Averages

1Year 52.24%

3Years 73.78%

5Years 79.33%

7Years 81.34%

10Years 72.07%

0.00% OPERATING MARGIN

Averages

1Year 0.00%

3Years 38.50%

5Years 48.07%

7Years 49.54%

10Years 42.68%

38.04% NET MARGIN

Averages

1Year 38.04%

3Years 41.59%

5Years 43.07%

7Years 46.61%

10Years 46.99%

7.58% ROE

Averages

1Year 7.58%

3Years 8.36%

5Years 8.87%

7Years 10.02%

10Years 10.55%

3.89% ROA

Averages

1Year 3.89%

3Years 4.28%

5Years 4.50%

7Years 5.04%

10Years 5.29%

0.00% ROIC

Averages

1Year 0.00%

3Years 4.11%

5Years 5.24%

7Years 5.54%

10Years 5.36%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis Four Corners Property Trust, Inc.

Net Income	95.3 M
Depreciation & Amortization	50.7 M
Capital Expenditures	0
Stock-Based Compensation	6.27 M
Change in Working Capital	10.9 M
Others	13 M
Free Cash Flow	165 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets Four Corners Property Trust, Inc.

Wall Street analysts predict an average 1-year price target for FCPT of $30.5 , with forecasts ranging from a low of $28 to a high of $33 .

FCPT Lowest Price Target Wall Street Target

28 USD -0.78%

FCPT Average Price Target Wall Street Target

30.5 USD 8.08%

FCPT Highest Price Target Wall Street Target

33 USD 16.94%

4. DIVIDEND ANALYSIS

1.15% DIVIDEND YIELD

0.345 USD DIVIDEND PER SHARE

5. COMPETITION

Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality single-tenant net leased commercial income properties.

45.8 USD

PINE

Undervalued 159.80%

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences.

32.5 USD

KRG

Undervalued 21.81%

InvenTrust Properties Corp. is a premier multi-tenant retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood centers, and select power centers that often have a grocery component, predominantly in Sun Belt markets with favorable demographics.

0.00217 USD

IVT

Overvalued 99.99%

Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is one of North America's largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets.

28 USD

KIM

Undervalued 12.69%

NETSTREIT is an internally managed Real Estate Investment Trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide.

20.5 USD

NTST

Undervalued 32.49%

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region.

-0.701 USD

Overvalued 103.05%

Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast.

24.2 USD

ROIC

Undervalued 39.71%

SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers.

13.4 USD

SITC

Overvalued 14.23%

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.

-11.5 USD

CBL

Overvalued 142.07%

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy.

1.03 USD

AKR

Overvalued 95.80%

Getty Realty Corp. is the leading publicly traded real estate investment trust in the United States specializing in the ownership, leasing and financing of convenience store and gasoline station properties.

64.1 USD

GTY

Undervalued 103.22%

Saul Centers, Inc. is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and (b) three land and development properties.

101 USD

BFS

Undervalued 156.90%

6. Ownership

Insider Ownership Four Corners Property Trust, Inc.

Summary
Transactions

Sold

0-3 MONTHS

0 USD 0

3-6 MONTHS

178 K USD 1

6-9 MONTHS

0 USD 0

9-12 MONTHS

0 USD 0

Bought

0 USD 0

0-3 MONTHS

150 K USD 1

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price
5 months ago Jun 12, 2024	Sell 178 K USD	MOODY JOHN S Director	- 7230	24.56 USD
5 months ago Jun 10, 2024	Bought 150 K USD	Lenehan William H President and CEO	+ 6230	24.05 USD
1 year ago Nov 07, 2023	Bought 57.6 K USD	HANSEN DOUGLAS B Director	+ 2650	21.74 USD
1 year ago Nov 07, 2023	Bought 50 K USD	HANSEN DOUGLAS B Director	+ 2300	21.74 USD
1 year ago Nov 06, 2023	Bought 198 K USD	Lenehan William H President and CEO	+ 9000	22.05 USD
1 year ago Jun 15, 2023	Sell 189 K USD	MOODY JOHN S Director	- 7200	26.25 USD
1 year ago Jun 07, 2023	Bought 250 K USD	HANSEN DOUGLAS B Director	+ 9425	26.53 USD
1 year ago Jun 06, 2023	Bought 198 K USD	Lenehan William H President and CEO	+ 7600	26.06 USD
1 year ago Dec 16, 2022	Bought 250 K USD	Lenehan William H President and CEO	+ 9625	25.99 USD
2 years ago Mar 29, 2022	Bought 26.8 K USD	HANSEN DOUGLAS B director:	+ 1000	26.83 USD
2 years ago Mar 29, 2022	Sell 26.8 K USD	HANSEN DOUGLAS B director:	- 1000	26.8 USD
2 years ago Mar 07, 2022	Bought 200 K USD	MOODY JOHN S director:	+ 7430	26.87 USD
2 years ago Mar 04, 2022	Bought 99.8 K USD	Lenehan William H President and CEO	+ 3700	26.97 USD
2 years ago Feb 22, 2022	Bought 200 K USD	Lenehan William H President and CEO	+ 7650	26.18 USD
3 years ago Aug 17, 2021	Bought 125 K USD	Lenehan William H President and CEO	+ 4645	26.91 USD
3 years ago Jun 16, 2021	Sell 170 K USD	MOODY JOHN S Director	- 5888	28.9 USD
3 years ago May 27, 2021	Sell 42.2 K USD	Stewart Niccole Chief Accounting Officer	- 1500	28.14 USD
4 years ago Aug 06, 2020	Bought 100 K USD	Lenehan William H President and CEO	+ 4000	24.99 USD
4 years ago May 14, 2020	Bought 92.8 K USD	MOODY JOHN S Director	+ 5000	18.56 USD
4 years ago May 14, 2020	Bought 50.2 K USD	HANSEN DOUGLAS B Director	+ 2800	17.94 USD
4 years ago May 14, 2020	Bought 201 K USD	Lenehan William H President and CEO	+ 11300	17.79 USD
4 years ago May 15, 2020	Bought 994 USD	Stewart Niccole Chief Accounting Officer	+ 53	18.76 USD
4 years ago May 15, 2020	Bought 25 K USD	Morgan Gerald R Chief Financial Officer	+ 1366	18.28 USD
4 years ago Mar 02, 2020	Sell 47.2 K USD	Stewart Niccole Chief Accounting Officer	- 1600	29.5 USD
4 years ago Feb 18, 2020	Sell 96.2 K USD	Brat James L General Counsel and Secretary	- 3000	32.08 USD
5 years ago Aug 06, 2019	Sell 21.6 K USD	Stewart Niccole Chief Accounting Officer	- 800	27.05 USD
5 years ago Feb 21, 2019	Sell 164 K USD	Brat James L General Counsel and Secretary	- 6000	27.41 USD
5 years ago Feb 21, 2019	Sell 82.2 K USD	Morgan Gerald R Chief Financial Officer	- 3000	27.41 USD
6 years ago Nov 13, 2018	Sell 91.9 K USD	Morgan Gerald R Chief Financial Officer	- 3400	27.03 USD
6 years ago Nov 02, 2018	Sell 13.4 K USD	Stewart Niccole Chief Accounting Officer	- 518	25.9 USD
6 years ago Feb 09, 2018	Bought 21.8 K USD	HANSEN DOUGLAS B Director	+ 1000	21.78 USD
6 years ago Feb 09, 2018	Sell 21.8 K USD	HANSEN DOUGLAS B Director	- 1000	21.77 USD

7. News

FCPT Declares Fourth Quarter 2024 Dividend MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3550 per share (equivalent to $1.42 per share per annum) for the fourth quarter of 2024. This represents a 2.9% increase from the prior quarter. The dividend is payable on January 15, 2025, to shareholders of record as of December 31, 2024. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust pri. businesswire.com - 5 days ago

FCPT Announces Acquisition of a Miller's Ale House Property for $3.8 Million MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Miller's Ale House property for $3.8 million. The property is located in a strong retail corridor in Georgia and is corporate-operated under a long term, net lease with approximately 11 years of term remain. businesswire.com - 2 weeks ago

FCPT Announces Acquisition of Three Christian Brothers Automotive Properties for $9.6 Million MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of three Christian Brothers Automotive properties for $9.6 million. Christian Brothers Automotive is an auto repair business with over 250 locations across 30 states, known for its customer-first approach and co. businesswire.com - 2 weeks ago

Four Corners Property Trust, Inc. (FCPT) Q3 2024 Earnings Call Transcript Four Corners Property Trust, Inc. (NYSE:FCPT ) Q3 2024 Results Conference Call October 31, 2024 11:00 AM ET Company Participants Patrick Wernig - Manager, Investor Relations William Lenehan - Chief Executive Officer Joshua Zhang - Director, Acquisitions Conference Call Participants Anthony Paolone - JPMorgan John Kilichowski - Wells Fargo Mitch Germain - Citizens JMP Wesley Golladay - Baird Jim Kammert - Evercore Sean Hostert - Net Lease Observer Operator Good morning all and thank you for joining us for the FCPT Third Quarter 2024 Financial Results Conference Call. My name is Carly. seekingalpha.com - 2 weeks ago

Four Corners Property Trust (FCPT) Meets Q3 FFO Estimates Four Corners Property Trust (FCPT) came out with quarterly funds from operations (FFO) of $0.43 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.42 per share a year ago. zacks.com - 2 weeks ago

FCPT Announces Acquisition of a Tires Plus Property for $2.1 Million MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Tires Plus property for $2.1 million. The property is located in a strong retail corridor in Georgia and is corporate-operated under a long-term triple net lease. The transaction was priced at a cap rate in. businesswire.com - 1 month ago

FCPT to Report Third Quarter 2024 Financial Results MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today that it will release financial results for the three and nine months ended September 30, 2024, after the market close on Wednesday, October 30, 2024. A conference call and audio webcast with analysts and investors will be held. businesswire.com - 1 month ago

Four Corners Property Trust Delivered Solid Results And Continues Robust Investment Activity FCPT has significantly reduced its tenant concentration from Darden Restaurants, which previously held a 51% share in FCPT's ABR as of March 2024. Q2 2024 results prove FCPT's quality, reflected in its 99.6% occupancy, reasonable WALT of 7.4 years, and solid credit metrics. FCPT has recently executed two additional investments, with one major deal accounting for half of its 2024 YTD investment activity. seekingalpha.com - 1 month ago

Hurricane Helene: REIT Property Damage Report Hurricane Helene caused significant flooding in Ashville, NC, and Atlanta, GA, impacting numerous REIT-owned properties, but the financial impact on REITs is likely less severe than it appears. REITs typically experience knee-jerk selloffs after property damage announcements, but these are often over-reactions and tend to reverse over time. Most REIT-owned properties are durable and well-insured, mitigating long-term financial impacts, though insurance rates may rise, affecting future expenses. seekingalpha.com - 1 month ago

These Top Dividend Stocks Can Help Satisfy Your Craving for More Passive Income Coca-Cola is among the dividend-paying elite. Hormel Foods has never let its investors go hungry for income. fool.com - 1 month ago

FCPT Declares Third Quarter 2024 Dividend MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3450 per share (equivalent to $1.38 per share per annum) for the third quarter of 2024. The dividend is payable on October 15, 2024, to shareholders of record as of September 30, 2024. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing. businesswire.com - 2 months ago

Places You Routinely Visit Could Provide You With a Pathway Toward a Lifetime of Passive Income Agree Realty owns retail properties, like grocery stores and home improvement locations. Getty Realty owns gas stations and other auto-related convenience properties. fool.com - 2 months ago

8. Profile Summary

Four Corners Property Trust, Inc. FCPT

COUNTRY US

INDUSTRY REIT - Retail

MARKET CAP $ 2.73 B

Dividend Yield 1.15%

Description FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.

Contact 591 Redwood Highway, Mill Valley, CA, 94941 https://www.fcpt.com

IPO Date Nov. 10, 2015

Employees 516

Officers Mr. James L. Brat Chief Operating Officer, General Counsel & Secretary Mr. Joshua C. Zhang Director of Investments Ms. Kelly Egli Controller Mr. Steen Lund Treasury & Tax Analyst Ms. Niccole M. Stewart Chief Accounting Officer Mr. Park Allen Vice President of People Mr. Drake Nylund C.F.A. Manager of Corporate Finance Mr. Warren Smith Controller of Finance & Reporting Mr. Patrick L. Wernig Chief Financial Officer & Treasurer Mr. William Howard Lenehan IV President, Chief Executive Officer & Director

Price Chart FCPT

Four Corners Property Trust, Inc. FCPT

Premium Plan

Unlimited Plan