Four Corners Property Trust, Inc.
FCPT · Price history
Price at last available close
$22.11
+$0.08 (+0.36%) 1M
2026-10-28
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Company & revenue
About Four Corners Property Trust, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Four Corners Property Trust (FCPT), a real estate investment trust based in Mill Valley, California, specializes in acquiring and leasing properties primarily for restaurant operations. The company's strategy involves expanding its portfolio through the purchase of additional real estate, which it then net-leases to establishments within the restaurant and retail industries.
How they make money
Four Corners Property Trust, Inc. is a real estate investment trust (REIT) that generates revenue primarily by acquiring, owning, and leasing free-standing properties to tenants in the restaurant and retail industries. The company utilizes a net lease model where tenants are typically responsible for property-level operating expenses, including maintenance, insurance, and real estate taxes, providing a stable stream of rental income.
Products & services
The company provides real estate leasing services for a portfolio of 1,303 free-standing properties, including restaurants, medical retail facilities, and automotive service centers.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Disclosed major customers
- Darden Restaurants, Inc.Source
Customer concentration
As of December 31, 2025, the company disclosed that Darden Restaurants, Inc. accounted for approximately 10.0% of its total revenue.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
42
Weak
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
50
Fair
Financial Strength
46
Business Quality / Moat
50
Management
52
Growth Quality
41
Risk / Durability
73
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
67
Fully Valued
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
63/100
Building Historical Record
Model Score 63/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
- •Valuation scores attractively
- •M&A headline · Oct 9, 2026
- •M&A headline · Sep 23, 2026
- •M&A headline · Sep 9, 2026
- •M&A headline · Aug 27, 2026
- •M&A headline · Aug 5, 2026
Company-specific research
Questions worth answering for FCPT
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can FCPT maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is FCPT's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is FCPT's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •Is FCPT's valuation discount tied to a temporary concern or to a longer-term business risk?
Essential Investment Snapshot
Wall Street Score
42
Opportunity Score
67
Market Cap
$2.43B
P/E Ratio
19.6
EPS
$1.11
52-Week High
$26.86
52-Week Low
$21.66
Beta
0.81
Intrinsic Value
$30.83
Analyst Target
$28.50
Shares Outstanding
102.9M
Total Revenue
$306.4M
Total Debt
$1.26B
Dividend Yield (TTM)
6.63%
Liquidation Value / Share
$15.76
Dividend / Share (TTM)
$1.47
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for FCPT
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
M&A headline · Oct 9, 2026
FCPT Announces Acquisition via Sale-Leaseback of an Automotive Service Property for $2.3 Million — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Business WireM&A headline · Sep 23, 2026
FCPT Announces Acquisition via Sale-Leaseback of an Automotive Service Property for $3.5 Million — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Business WireM&A headline · Sep 9, 2026
FCPT Announces Acquisition of a Cooper's Hawk Restaurant Property for $9.1 Million — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Business WireM&A headline · Aug 27, 2026
FCPT Announces Acquisition of a 7-Eleven Property for $1.5 Million — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Business WireM&A headline · Aug 5, 2026
FCPT Announces Acquisition of Five Novant Health Urgent Care Properties for $11.7 Million — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Business WireCommunity Sentiment
0 active · 0 total callsNo personal call yet on FCPT.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +High occupancy rate of 99.6%.
- +Diversified portfolio of 1,303 properties across 48 states.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the REIT - Retail industry.
- −Concentration of tenants in the restaurant and retail industries.
- −Dependence on the financial health and performance of tenants.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
41
Sep 24, 2026
Change
+1.4
points
Current Score
42
Oct 1, 2026
Category Changes
FCPT increased 1.4 points because Valuation improved by 8.6 points.
Positive Contributors
- + Valuation improved by 8.6 points
Projected Score
Projected Score
44
Projected Change
+2.0 points
Preliminary comparable-period financial changes suggest improvement of approximately 2.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$22.12
Model Intrinsic Value
$30.83
Difference
−$8.71
-28.2% vs IV
Margin of Safety
28.2%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $306.4M | $294.1M | $268.1M | $250.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $21.8M | $13.6M | $40.6M | $40.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $284.6M | $280.6M | $227.5M | $210.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $27.5M | $26.8M | $23.8M | $22.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $114.0M | $116.7M | $78.3M | $73.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $234.9M | $225.1M | $204.6M | $190.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $170.5M | $163.9M | $149.2M | $136.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $51.9M | $51.9M | $49.2M | $44.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $119.0M | $112.8M | $100.9M | $95.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $447K | $303K | $308K | $130K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $118.6M | $112.4M | $100.5M | $95.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $1.11 | $1.09 | $1.07 | $1.08 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 109M | 103M | 93.64M | 88.53M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 110M | 103M | 94.06M | 88.75M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$78.4M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.27
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+4.1%
Cash Change
+314.5%
Margin Change
-0.1 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
What Weakened
- Margins contracted
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, cash levels. Pressure indicators included EPS growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 7.7%. EPS declined 3.6%. Cash increased 314.5%. Total debt increased 4.1%. Net income margin declined by 0.1 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
REIT - RetailNews
FCPT Announces Acquisition via Sale-Leaseback of an Automotive Service Property for $2.3 Million
Financial Survey: Iron Mountain (NYSE:IRM) & Four Corners Property Trust (NYSE:FCPT)
FCPT Announces Acquisition via Sale-Leaseback of an Automotive Service Property for $3.5 Million
Four Corners Property Trust: A Changing REIT At A Compelling 52-Week Low Valuation
Rumor Mill · FCPT
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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