FCPT official logo FCPT
FCPT 1-star rating from Upturn Advisory
Four Corners Property Trust Inc (FCPT) company logo

Four Corners Property Trust Inc (FCPT)

Four Corners Property Trust Inc (FCPT) 1-star rating from Upturn Advisory
$23.08
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Upturn Advisory Summary

12/05/2025: FCPT (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

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

Number of Analysts

2 star rating from financial analysts

9 Analysts rated it

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

1 Year Target Price $28.5

1 Year Target Price $28.5

Analysts Price Target For last 52 week
$28.5 Target price
52w Low $23.05
Current$23.08
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 icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 12/05/2025

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

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

Four Corners Property Trust Inc

Four Corners Property Trust Inc(FCPT) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo 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.

Company business area logo 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 logo 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

Product Key Offerings logo 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 logo 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 competitor logo 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.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

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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.