- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- About
Four Corners Property Trust Inc (FCPT)

- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
12/05/2025: FCPT (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $28.5
1 Year Target Price $28.5
| 3 | Strong Buy |
| 1 | Buy |
| 5 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -8.39% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.45B USD | Price to earnings Ratio 21.37 | 1Y Target Price 28.5 |
Price to earnings Ratio 21.37 | 1Y Target Price 28.5 | ||
Volume (30-day avg) 9 | Beta 0.86 | 52 Weeks Range 23.05 - 28.63 | Updated Date 12/7/2025 |
52 Weeks Range 23.05 - 28.63 | Updated Date 12/7/2025 | ||
Dividends yield (FY) 6.08% | Basic EPS (TTM) 1.08 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 38.04% | Operating Margin (TTM) 56.2% |
Management Effectiveness
Return on Assets (TTM) 3.7% | Return on Equity (TTM) 7.56% |
Valuation
Trailing PE 21.37 | Forward PE 20.2 | Enterprise Value 3662580860 | Price to Sales(TTM) 8.54 |
Enterprise Value 3662580860 | Price to Sales(TTM) 8.54 | ||
Enterprise Value to Revenue 12.77 | Enterprise Value to EBITDA 16.74 | Shares Outstanding 106082013 | Shares Floating 104796299 |
Shares Outstanding 106082013 | Shares Floating 104796299 | ||
Percent Insiders 1.33 | Percent Institutions 102.23 |
Upturn AI SWOT
Four Corners Property Trust Inc

Company Overview
History and Background
Four Corners Property Trust Inc. (NYSE: FCPT) was formed in 2016 as a spin-off from National Retail Properties, Inc. (NYSE: NNN). It is a real estate investment trust (REIT) that owns a diversified portfolio of net-leased commercial properties. The company focuses on acquiring, owning, and managing real estate investments. Its initial portfolio consisted of 425 properties. Since its inception, FCPT has been actively engaged in strategic acquisitions to grow its portfolio and diversify its tenant base.
Core Business Areas
- Net-Leased Real Estate: Four Corners Property Trust Inc. primarily operates by acquiring and owning a portfolio of single-tenant, net-leased commercial properties. These properties are leased to tenants under long-term agreements where the tenant is responsible for property taxes, insurance, and maintenance. This model generates stable, predictable rental income for FCPT.
Leadership and Structure
The company is led by a management team with extensive experience in real estate investment and management. Key leadership roles typically include a Chief Executive Officer, Chief Financial Officer, and a Board of Directors overseeing strategic direction and corporate governance. The specific individuals and their roles can be found in the company's investor relations materials.
Top Products and Market Share
Key Offerings
- Net-Leased Real Estate Portfolio: FCPT's core 'product' is its diversified portfolio of net-leased properties. These properties are leased to a variety of tenants across different industries, including restaurants, fitness centers, and other retail and service businesses. Market share data for a REIT's portfolio in this specific way is not typically publicly available in granular terms as it is more about portfolio composition and income generation than a distinct product with competitors. Its primary competitors are other REITs that acquire similar net-leased assets.
Market Dynamics
Industry Overview
The real estate investment trust (REIT) industry, particularly the net-lease sector, benefits from long-term lease agreements that provide stable income streams. The industry is influenced by interest rate environments, economic growth, and consumer spending patterns. Demand for well-located, single-tenant properties with creditworthy tenants remains strong, driven by businesses seeking stable occupancy and predictable real estate costs.
Positioning
Four Corners Property Trust Inc. is positioned as a growth-oriented REIT focused on acquiring high-quality, net-leased assets with strong tenant credit profiles. Its diversification across industries and geographies provides a degree of resilience. Its competitive advantages lie in its ability to identify and execute accretive acquisitions and its disciplined approach to capital allocation.
Total Addressable Market (TAM)
The total addressable market for net-leased real estate is substantial and continually expanding as businesses expand and lease new locations. While a precise TAM figure is elusive, it encompasses a significant portion of the commercial real estate market globally. FCPT aims to capture a growing share of this market through strategic acquisitions and a focus on attractive property types.
Upturn SWOT Analysis
Strengths
- Diversified tenant base across various industries.
- Long-term, triple-net leases providing stable cash flow.
- Experienced management team with a track record of acquisitions.
- Focus on high-quality, well-located properties.
- Access to capital markets for funding growth.
Weaknesses
- Reliance on a relatively small number of key tenants for a significant portion of rental income.
- Sensitivity to interest rate fluctuations impacting borrowing costs and property valuations.
- Potential for tenant defaults or bankruptcies, although mitigated by diversification.
- Limited control over property operations due to net-lease structure.
Opportunities
- Continued acquisition of attractive net-leased properties at favorable cap rates.
- Expansion into new property types or geographic markets.
- Leveraging favorable economic conditions to drive tenant demand.
- Opportunistic refinancing of debt at lower interest rates.
- Exploiting inefficiencies in the real estate market for strategic buys.
Threats
- Rising interest rates increasing debt servicing costs and potentially decreasing property values.
- Economic downturns impacting tenant financial health and ability to pay rent.
- Increased competition for attractive acquisition targets from other REITs and institutional investors.
- Changes in tax laws or real estate regulations.
- Geopolitical instability affecting specific industries or tenant operations.
Competitors and Market Share
Key Competitors
- Realty Income Corp (O)
- Agree Realty Corporation (ADC)
- Store Capital Corporation (STOR)
- Prologis Inc (PLD)
- Duke Realty Corporation (DRE)
Competitive Landscape
FCPT competes with other net-lease REITs and institutional real estate investors for acquisition opportunities. Its competitive advantages include its acquisition agility, disciplined underwriting, and focus on industries with stable demand. However, larger REITs may have greater access to capital and economies of scale. The landscape is competitive, requiring continuous strategic focus on deal sourcing and execution.
Major Acquisitions
Various Net-Leased Properties
- Year: 2023
- Acquisition Price (USD millions):
- Strategic Rationale: Continued expansion of the net-leased real estate portfolio to increase rental income and diversify tenant base.
Various Net-Leased Properties
- Year: 2022
- Acquisition Price (USD millions):
- Strategic Rationale: Strategic acquisitions to enhance portfolio diversification and generate stable, long-term rental revenue.
Growth Trajectory and Initiatives
Historical Growth: FCPT has demonstrated a consistent growth trajectory since its inception, primarily through strategic acquisitions of net-leased real estate. Its portfolio size and rental income have steadily increased year over year.
Future Projections: Future growth projections for FCPT are typically based on analyst estimates and the company's stated acquisition pipeline and strategy. Analysts often project revenue, FFO, and dividend growth rates, factoring in market conditions and the company's ability to execute new deals. Specific projections would be found in analyst reports.
Recent Initiatives: Recent initiatives for FCPT likely include ongoing property acquisitions to expand its portfolio and diversify tenant relationships, and potentially optimizing its capital structure through debt management or equity issuances to fund growth.
Summary
Four Corners Property Trust Inc. is a well-positioned net-lease REIT with a strong foundation of stable, long-term rental income. Its diversified portfolio and disciplined acquisition strategy are key strengths driving consistent growth. The company's main challenge lies in navigating rising interest rates and intense competition for high-quality assets. Continued focus on strategic acquisitions and prudent financial management will be crucial for its ongoing success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Four Corners Property Trust Inc. Investor Relations
- Financial News and Data Providers (e.g., Yahoo Finance, Bloomberg)
- Industry Research Reports
Disclaimers:
This JSON output is an analysis based on publicly available information. It is not financial advice. Investors should conduct their own due diligence before making any investment decisions. Market share data for REITs can be complex and may not represent a direct product-based market share as found in other industries. Acquisition prices are often not disclosed individually for smaller, strategic acquisitions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Four Corners Property Trust Inc
Exchange NYSE | Headquaters Mill Valley, CA, United States | ||
IPO Launch date 2015-11-10 | President, CEO & Director Mr. William Howard Lenehan IV | ||
Sector Real Estate | Industry REIT - Retail | Full time employees 536 | Website https://www.fcpt.com |
Full time employees 536 | Website https://www.fcpt.com | ||
FCPT is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail 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.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
Home 

