Four Corners Property (FCPT) AI Stock Analysis

• Market Cap: $2.80B
• Dividend Yield: 5.02%
• Average Volume (3M): 873.03K
• Price to Earnings (P/E): 26.1
• Beta (1Y): 0.46
• Revenue Growth: 6.20%
• EPS Growth: 0.28%
• Country: US
• Employees: 536
• Sector: Real Estate
• Sector Strength: 75
• Industry: REIT - Retail
• EPS (TTM): 0.26
• Shares Outstanding: 100,472,010
• 10 Day Avg. Volume: 609,154
• 30 Day Avg. Volume: 873,029
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.45
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 17.82
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $30.33
• Price Target Upside: 8.75% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

Four Corners Property Trust (FCPT) exhibits strong financial health, highlighted by its profitability, robust balance sheet, and effective cash flow management. The company's strategic acquisitions and high occupancy rates further bolster its position. While the valuation is moderately high, the attractive dividend yield compensates for this. Technical indicators suggest stable momentum, and recent earnings calls and corporate events reinforce the company's solid operational strategy. Overall, FCPT is well-positioned for growth, though careful monitoring of cash flow and market conditions is advised.

Positive Factors

Balance Sheet and Capital

The company’s leverage is at a five-year low, positioning it well for increased deployment activity.

Portfolio Attributes

Portfolio attributes remain a standout, as rent coverage, investment grade exposure, and lease duration support cash flow durability.

Tenant Performance

Management noted superior performance by its tenants, focusing on large public, strong credit companies, with no change to credit reserves.

Negative Factors

Macroeconomic Risks

There could be a more negative stance on FCPT if a worsening macro causes restaurant sector performance to deteriorate or if interest rates remain elevated, stalling progress on accretive investments.

Valuation Concerns

Shares currently trade at one of the highest multiples in the net-lease REIT sector, which suggests that the growth potential and high-quality portfolio are currently priced in.

Four Corners Property Business Overview & Revenue Model

Company 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.

How the Company Makes Money

FCPT makes money primarily through leasing its properties to tenants, generating steady rental income. The company's revenue model is based on long-term, triple-net leases, where tenants are responsible for paying property taxes, insurance, and maintenance costs in addition to rent. This structure minimizes operational expenses for FCPT and ensures predictable cash flow. FCPT's key revenue streams include rental income from its diverse portfolio of restaurant and retail properties. The company also benefits from strategic acquisitions and partnerships with established restaurant and retail brands, enhancing its property portfolio and increasing potential earnings.

Four Corners Property Financial Statement Overview

Summary

Four Corners Property demonstrates strong financial health with excellent profitability margins, a robust balance sheet with zero debt, and solid cash flow management. The income statement shows high profitability and growth, the balance sheet reflects financial stability, and the cash flow is generally solid despite some challenges. Overall, the company is financially sound but should monitor cash flow closely.

Income Statement

Four Corners Property demonstrates strong profitability with a gross profit margin of 80.1% and a net profit margin of 37.5% for TTM. The company shows a healthy revenue growth rate of 6.97% from 2023 to 2024, indicating robust business expansion. EBIT and EBITDA margins are also impressive at 55.7% and 66.8%, respectively, highlighting effective cost management.

Balance Sheet

The balance sheet is very strong, with an equity ratio of 54.7% for TTM, indicating financial stability and low leverage. The company has no debt in the current period, which reduces financial risk. Return on Equity is commendable at 6.9%, showing efficient use of equity capital.

Cash Flow

Four Corners Property's cash flow is solid, with a free cash flow to net income ratio of 1.10 for TTM, demonstrating good cash generation relative to profits. However, the operating cash flow decreased from the previous year, indicating potential challenges in cash management. The free cash flow growth rate is negative, which could be a concern if continued.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
268.07M	250.61M	223.19M	199.38M	170.94M
	Gross Profit
227.47M	210.35M	187.38M	169.78M	151.35M
	EBIT
149.17M	136.94M	126.41M	117.33M	107.05M
	EBITDA
203.69M	188.97M	167.88M	152.16M	136.48M
	Net Income Common Stockholders
100.47M	95.34M	97.77M	85.58M	77.33M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
4.08M	16.32M	26.30M	6.30M	11.06M
	Total Assets
2.65B	2.45B	2.20B	1.90B	1.67B
	Total Debt
1.14B	1.12B	1.00B	883.21M	759.94M
	Net Debt
1.14B	1.10B	974.32M	876.91M	748.87M
	Total Liabilities
1.20B	1.19B	1.06B	939.09M	823.68M
	Stockholders Equity
1.45B	1.26B	1.14B	961.67M	841.44M
Cash Flow		Free Cash Flow
144.10M	165.10M	142.00M	122.42M	91.46M
	Operating Cash Flow
144.10M	165.10M	142.00M	122.42M	91.46M
	Investing Cash Flow
-272.92M	-312.79M	-270.90M	-264.92M	-229.07M
	Financing Cash Flow
108.11M	146.18M	148.90M	137.74M	143.60M

Four Corners Property Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 27.89
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FCPT, the sentiment is Positive. The current price of 27.89 is above the 20-day moving average (MA) of 27.65, below the 50-day MA of 27.94, and above the 200-day MA of 27.55, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 50.45 is Neutral, neither overbought nor oversold. The STOCH value of 36.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FCPT.

Four Corners Property Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FCPT	80 Outperform	$2.80B	26.11	7.62%	5.02%	6.20%	0.28%
AKR	67 Neutral	$5.18B	119.44	0.92%	3.84%	2.62%	84.20%
HIW	65 Neutral	$3.15B	18.26	7.21%	6.85%	-2.01%	31.64%
LXP	64 Neutral	$2.41B	41.65	2.98%	6.50%	5.68%	358.78%
APLE	62 Neutral	$2.79B	14.80	6.50%	8.18%	4.98%	-7.08%
OUT	61 Neutral	$2.63B	10.15	34.53%	5.82%	0.57%	―
Sector *	60 Neutral	$2.79B	11.29	0.22%	8508.24%	6.33%	-14.20%

Four Corners Property Corporate Events

Four Corners Property Reports Strong Q1 2025 Results

On April 30, 2025, Four Corners Property Trust, Inc. announced its financial results for the first quarter of 2025, highlighting a record acquisition volume of over $56 million in properties leased to national brands. Despite market volatility, FCPT reported increased rental revenue of $63.5 million, an 8.4% rise from the previous year, and maintained a high rent collection rate of 99.5%. The company also enhanced its liquidity and reduced its leverage profile, with significant equity raised and an expanded credit facility. These developments underscore FCPT’s strong operational performance and strategic positioning in the real estate market.

Spark’s Take on FCPT Stock

According to Spark, TipRanks’ AI Analyst, FCPT is a Outperform.

Four Corners Property Trust (FCPT) demonstrates strong financial health and a solid acquisition strategy. Despite some challenges with cash flow and interest rates, its high occupancy and robust portfolio position it well for future growth. The stock is moderately valued, with a high dividend yield making it attractive. Recent corporate events reinforce its growth strategy, further supporting its stable outlook.

To see Spark’s full report on FCPT stock, click here.

Four Corners Property Expands Portfolio with New Acquisitions

In March 2025, Four Corners Property Trust announced its strategic financial and operational achievements, including the acquisition of 64 properties for $199 million at a 7.1% cap rate and the extension of its credit facility. The company has maintained high rent collection rates and continues to diversify its portfolio, reducing reliance on major brands like Olive Garden and LongHorn. Despite market volatility and macroeconomic uncertainties under the new administration, FCPT has positioned itself as a stable entity with significant liquidity and a defensive portfolio, avoiding sectors with higher risk exposure.

Four Corners Property Reports Resilient 2024 Financial Results

On February 12, 2025, Four Corners Property Trust, Inc. reported its financial results for the fourth quarter and full year of 2024. The company showed a disciplined approach to capital raising and investment, acquiring $265 million worth of properties leased to national brands. Despite market volatility, FCPT maintained a low leverage profile while extending debt maturities and increasing liquidity. The company achieved a 99.4% rent collection rate for the fourth quarter and a 99.8% rate for the entire year. Rental revenue for the fourth quarter rose by 5.3% to $60.7 million, and net income attributable to common shareholders was $26.2 million. FCPT’s Adjusted Funds from Operations (AFFO) per diluted share increased to $0.44 in the fourth quarter, reflecting a stable financial performance amid challenging market conditions.