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FCPT logo FCPT
Upturn stock rating
FCPT logo

Four Corners Property Trust Inc (FCPT)

Upturn stock rating
$24.35
Last Close (24-hour delay)
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

10/15/2025: FCPT (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

9 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $29.12

1 Year Target Price $29.12

Analysts Price Target For last 52 week
$29.12 Target price
52w Low $23.64
Current$24.35
52w High $28.63

Analysis of Past Performance

Type Stock
Historic Profit -8.39%
Avg. Invested days 34
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/15/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.54B USD
Price to earnings Ratio 22.49
1Y Target Price 29.12
Price to earnings Ratio 22.49
1Y Target Price 29.12
Volume (30-day avg) 9
Beta 0.88
52 Weeks Range 23.64 - 28.63
Updated Date 10/17/2025
52 Weeks Range 23.64 - 28.63
Updated Date 10/17/2025
Dividends yield (FY) 5.79%
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 37.87%
Operating Margin (TTM) 56.33%

Management Effectiveness

Return on Assets (TTM) 3.71%
Return on Equity (TTM) 7.72%

Valuation

Trailing PE 22.49
Forward PE 20.2
Enterprise Value 3747119997
Price to Sales(TTM) 9.08
Enterprise Value 3747119997
Price to Sales(TTM) 9.08
Enterprise Value to Revenue 13.41
Enterprise Value to EBITDA 17.55
Shares Outstanding 104464312
Shares Floating 103186713
Shares Outstanding 104464312
Shares Floating 103186713
Percent Insiders 1.34
Percent Institutions 107.23

ai summary icon Upturn AI SWOT

Four Corners Property Trust Inc

stock logo

Company Overview

overview logo History and Background

Four Corners Property Trust, Inc. (FCPT) was formed in 2015 as a spin-off from Darden Restaurants. It focuses on acquiring, owning, and leasing properties net-leased to premier restaurant and retail brands.

business area logo Core Business Areas

  • Net Lease Real Estate: Acquiring and owning properties net-leased to restaurant and retail tenants. This involves property acquisition, tenant management, and lease administration.

leadership logo Leadership and Structure

The leadership team includes William H. Lenehan as CEO. The organizational structure is typical of a REIT, with departments focused on acquisitions, asset management, finance, and legal.

Top Products and Market Share

overview logo Key Offerings

  • Net-Leased Properties: FCPT's primary offering is the ownership and management of net-leased properties, predominantly restaurants. Revenue comes from rental income. Market share data is difficult to isolate, but FCPT competes within the broader net-lease REIT market. Competitors include Realty Income (O), National Retail Properties (NNN) and STORE Capital (STOR). FCPT focuses on specific industries (restaurant and retail) for properties with long-term leases.

Market Dynamics

industry overview logo Industry Overview

The net-lease REIT industry involves owning properties and leasing them to tenants under long-term net leases, where the tenant pays property taxes, insurance, and maintenance. The market is sensitive to interest rates and economic conditions.

Positioning

FCPT is positioned as a specialist in restaurant-related net-lease properties. Its competitive advantage lies in its focus on this niche, giving it deep industry expertise and strong relationships with restaurant brands.

Total Addressable Market (TAM)

The TAM for net lease REITs is in the hundreds of billions of dollars. FCPT is positioned to capture a portion of this market by focusing on restaurant and retail properties, giving it a niche market within a much larger TAM.

Upturn SWOT Analysis

Strengths

  • Focused expertise in restaurant and retail net-lease properties
  • Long-term net leases providing stable cash flow
  • Strong relationships with leading restaurant brands
  • Diversified geographic portfolio

Weaknesses

  • Concentration in the restaurant sector, increasing sensitivity to restaurant industry downturns
  • Reliance on a limited number of key tenants
  • Sensitivity to interest rate fluctuations

Opportunities

  • Acquiring additional net-lease properties to expand the portfolio
  • Capitalizing on sale-leaseback transactions with restaurant companies
  • Diversifying into other retail sectors

Threats

  • Economic downturn impacting the restaurant industry
  • Rising interest rates increasing borrowing costs
  • Tenant bankruptcies or lease defaults
  • Increased competition from other net-lease REITs

Competitors and Market Share

competitor logo Key Competitors

  • O
  • NNN
  • ADC
  • STOR

Competitive Landscape

FCPT's advantages include its focus on the restaurant sector. Disadvantages include its smaller size compared to larger, more diversified net-lease REITs.

Major Acquisitions

NECX Portfolio

  • Year: 2023
  • Acquisition Price (USD millions): 73
  • Strategic Rationale: Acquired 19 high-quality net lease properties. Strengthens and diversifies the portfolio.

Growth Trajectory and Initiatives

Historical Growth: FCPT's growth has been driven by acquisitions of net-lease properties.

Future Projections: Future growth depends on FCPT's ability to acquire properties and maintain strong occupancy rates. Analyst estimates are available from financial news providers.

Recent Initiatives: Recent initiatives include strategic property acquisitions to diversify and grow the portfolio.

Summary

Four Corners Property Trust is a REIT that specializes in net-lease properties focused on restaurants, giving them a focused market. They are smaller relative to other REITs and are concentrated in the restaurant business, which can be a threat. Their specialized business focus allows them to have long-term net leases, giving them a steady stream of revenue. The company continues to expand and diversify through property acquisitions. Rising interest rates could increase borrowing costs, which is something they need to look out for.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SEC Filings
  • Company Investor Relations
  • Financial News Providers

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. Market share percentages are estimates and based on available industry data.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization 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
Full time employees 536

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.