Four Corners Property Trust, Inc. | REIT Profile

Symbol: FCPT
CIK: 1650132
Exchange: NYSE
Founded: 2015 (7 years)
HQ: Mill Valley, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Retail

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See FCPT on SEC.gov

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About Four Corners Property Trust, Inc.

Four Corners Property Trust is an independent, publicly-traded company that owns, acquires and leases restaurant and other retail properties on a triple-net basis. The company's primary goal is to create long-term shareholder value through the payment of consistent and growing cash dividends and the growth of its cash flow and asset base. To achieve this goal, FCPT intends to pursue a business strategy focused on opportunistic acquisitions and asset and tenant diversification.


Four Corners Property Trust, Inc. Company Logo

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$27.12 $27.12 $26.62 $26.80 $27.12 $26.77 477,004 $0.35 1.31% $2,275,023,386 22.05 $29.36 $22.67 -4.14%

Last update: 2022-11-25 10:00:02 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 8.4

Hightlights of Trading Day November 25, 2022


Open Price: $26.8
Closing Price: $27.12
Price Change: 0.35 (1.307%)
Lowest Price: $26.62
Highest Price: $27.12
52-Week Low: $22.67
52-Week High: $29.36
52-Week Change: -0.81%
5 Day Price Change: 0.11%
1 Month Price Change: 12.15%
3 Month Price Change: -2.97%
6 Month Price Change: 2.84%
YTD Price Change: -5.45%
1 Year Price Change: -0.81%
2 Year Price Change: 1.45%
5 Year Price Change: 27.27%

Dividend of Trading Day November 25, 2022


Dividend Yield: 4.904%*
Annualized Dividend: $1.33*
Dividend Yield (TTM): 4.874%
Annualized Dividend (TTM): $1.3047
Ex-Dividend Date: 2022-09-29
Next Ex-Dividend: 2022-12-29
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for FCPT.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q3 FFO $--- $--- ---%
2022 Q3 AFFO $--- $--- ---%
2022 Q2 AFFO $--- $--- ---%
2022 Q2 FFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day November 25, 2022


Total Cash: $36,669,000
Current Debt: $55,259,000
Revenue: $218,484,000
Gross Profit: $218,484,000
Total Revenue: $218,484,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $165,359,000
Revenue Per Share: $3
Revenue Per Employee: N/A
Employee: 349
Debt to Equity Ratio (D/E): 1.97
Profit Margin: 0.45%
Enterprise Value (EV): $3,188,565,928
Enterprise Value to Revenue (EV/R): 14.59
Price to Sales (P/S): 10.34
Price to Book (P/B): 2.12
Price/Earnings-to-Growth (PEG) Ratio: 1.74
P/E Ratio: 22.05
P/E High: 19.81
P/E Low: 14.06
Forward P/E Ratio: N/A
Market Capitalization: $2,275,023,386
Beta: 0.55
Latest Volume: 477,004
Avg. Total Volume: 525,940
Avg. 10-Day Volume: 626,309
Avg. 30-Day Volume: 525,940
TTM EPS: 1.23
Shares Outstanding: 83,887,293
Float: N/A
50-Day Moving Avg.: $25.33
200-Day Moving Avg.: $26.26

Latest REIT Community Comments on #FCPT


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Properties Owned by FCPT


FCPT Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website


Properties Based on Earnings Report's 10-K

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $27.81 per share you would have been able to buy 35 shares of FCPT on 2021-11-26 costing $973.35 @ $27.81 per share you would have been able to buy 17 shares of FCPT on 2021-11-26 costing $472.77 @ $27.81 per share you would have been able to buy 8 shares of FCPT on 2021-11-26 costing $222.48 @ $27.81 per share you would have been able to buy 3 shares of FCPT on 2021-11-26 costing $83.43 @ $27.81 per share you would have been able to buy 1 shares of FCPT on 2021-11-26 costing $27.81
Current worth On 2022-11-25 these 35 shares would be worth $949.20 @ $27.12 On 2022-11-25 these 17 shares would be worth $461.04 @ $27.12 On 2022-11-25 these 8 shares would be worth $216.96 @ $27.12 On 2022-11-25 these 3 shares would be worth $81.36 @ $27.12 On 2022-11-25 these 1 shares would be worth $27.12 @ $27.12
Dividends earned $46.55 in dividends would have been earned since 2021-11-26 with 35 shares. $23 in dividends would have been earned since 2021-11-26 with 17 shares. $10.64 in dividends would have been earned since 2021-11-26 with 8 shares. $3.99 in dividends would have been earned since 2021-11-26 with 3 shares. $1.33 in dividends would have been earned since 2021-11-26 with 17 shares.
Net (gain / loss)* 22.40 USD 10.88 USD 5.12 USD 1.92 USD 0.64 USD
ROI** 2.30% 2.30% 2.30% 2.30% 2.30%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by FCPT. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
FCPT 2022-09-29 0.333 --- 2022-09-16 2022-09-30 2022-10-14
FCPT 2022-06-29 0.333 --- 2022-06-16 2022-06-30 2022-07-15
FCPT 2022-03-30 0.333 --- 2022-03-08 2022-03-31 2022-04-14
FCPT 2021-12-31 0.333 4.72% 2021-11-29 2022-01-03 2022-01-14
FCPT 2021-10-06 0.318 --- 2021-09-27 2021-10-07 2021-10-15
FCPT 2021-06-29 0.318 --- 2021-06-14 2021-06-30 2021-07-15
FCPT 2021-03-30 0.318 --- 2021-03-08 2021-03-31 2021-04-15
FCPT 2020-12-31 0.318 4.10% 2020-11-09 2021-01-04 2021-01-15
FCPT 2020-09-29 0.305 --- 2020-09-17 2020-09-30 2020-10-15
FCPT 2020-06-29 0.305 --- 2020-05-29 2020-06-30 2020-07-15
FCPT 2020-03-30 0.305 --- 2020-03-16 2020-03-31 2020-04-15
FCPT 2020-01-02 0.305 6.09% 2019-11-11 2020-01-03 2020-01-15
FCPT 2019-09-26 0.288 --- 2019-09-23 2019-09-27 2019-10-15
FCPT 2019-06-27 0.288 --- 2019-06-10 2019-06-28 2019-07-15
FCPT 2019-03-28 0.288 --- 2019-03-05 2019-03-29 2019-04-15
FCPT 2019-01-03 0.288 4.55% 2018-11-28 2019-01-04 2019-01-14
FCPT 2018-09-27 0.275 --- 2018-09-20 2018-09-28 2018-10-12
FCPT 2018-06-28 0.275 --- 2018-06-18 2018-06-29 2018-07-13
FCPT 2018-03-29 0.275 --- 2018-03-15 2018-03-30 2018-04-13
FCPT 2017-12-28 0.275 13.40% 2017-11-10 2017-12-29 2018-01-12

Earnings Press Releases


Below are the Earnings Press Releases for FCPT. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2022 Q1 FCPT ANNOUNCES FIRST QUARTER 2022 FINANCIAL AND OPERATING RESULTS
2021 Q4 FCPT ANNOUNCES FOURTH QUARTER 2021 FINANCIAL AND OPERATING RESULTS
2021 Q3 FCPT ANNOUNCES THIRD QUARTER 2021 FINANCIAL AND OPERATING RESULTS
2021 Q2 FCPT ANNOUNCES SECOND QUARTER 2021 FINANCIAL AND OPERATING RESULTS

Financial Statements Overview


The next Earnings Report for FCPT is 2023-02-15

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Current Cash 17,714,000 58,109,000 6,300,000 7,809,000
Receivables 1,550,000 1,554,000 1,312,000 992,000
Inventory 262,000 227,000 252,000 186,000
Current Assets 102,240,000 132,557,000 70,276,000 69,833,000
Current Assets (Other) 82,714,000 72,667,000 62,412,000 60,846,000
Short Term Investments 82,714,000 72,667,000 62,412,000 60,846,000
Long-term Investments 1,908,477,000 1,865,752,000 1,832,704,000 1,768,277,000
Property, Plant & Equipment Net 1,791,528,000 1,754,537,000 1,721,975,000 1,661,436,000
Goodwill 0 0 0 0
Intangible Assets 105,311,000 104,721,000 104,251,000 101,072,000
Other Assets 886,000 832,000 695,000 729,000
Net Tangible Assets 883,989,000 868,427,000 857,423,000 773,766,000
Total Assets 2,010,717,000 1,998,309,000 1,902,980,000 1,838,110,000
Accounts Payable 241,000 591,000 550,000 328,000
Liabilities (Other) 2,846,000 2,526,000 1,940,000 3,344,000
Current Liabilities (Other) 44,205,000 48,287,000 53,390,000 57,500,000
Total Current Liabilities 44,446,000 48,878,000 53,940,000 57,828,000
Current Long-term Debt 0 0 0 0
Long-term Debt 966,493,000 966,024,000 877,591,000 894,154,000
Total Liabilities 1,021,417,000 1,025,161,000 941,306,000 963,272,000
Minority Interest 2,248,000 2,232,000 2,218,000 2,215,000
Common Stock 80,294,804 80,195,140 78,416,871 76,250,614
Retained Earnings 9,740,000 8,340,000 12,753,000 15,708,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 989,300,000 973,148,000 961,674,000 874,838,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Total Revenue 55,425,000 54,397,000 52,654,000 50,706,000
Cost of Revenue 0 0 0 0
Gross Profit 55,425,000 54,397,000 52,654,000 50,706,000
Research and Development 0 0 0 0
Selling General and Admin 4,698,000 5,269,000 4,160,000 4,262,000
Operating Expense 23,865,000 23,705,000 21,483,000 21,092,000
Operating Income 31,560,000 30,692,000 31,171,000 29,614,000
Income Expense Net (Other) 0 0 431,000 0
EBIT 31,560,000 30,692,000 31,602,000 29,614,000
Interest Income 9,031,000 8,375,000 8,227,000 8,311,000
Pretax Income 28,314,000 22,374,000 22,970,000 21,305,000
Income Tax 144,000 88,000 -765,000 97,000
Minority Interest 40,000 31,000 35,000 44,000
Net Income 28,130,000 22,255,000 23,700,000 21,164,000
Net Income Basic 28,130,000 22,255,000 23,700,000 21,164,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Net Income 28,130,000 22,255,000 23,700,000 21,164,000
Depreciation 10,128,000 9,704,000 9,371,000 8,831,000
Changes in Receivables 1,550,000 1,554,000 1,312,000 992,000
Changes in Inventories 262,000 227,000 252,000 186,000
Cash Change 17,714,000 58,109,000 6,300,000 7,809,000
Cash Flow 30,383,000 34,808,000 28,369,000 35,169,000
Capital Expenditures -56,144,000 -43,264,000 -73,284,000 -110,802,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -44,481,000 -43,271,000 -73,007,000 -110,376,000
Dividends Paid 0 0 0 0
Net Borrowings 866,065,000 835,248,000 808,879,000 825,499,000
Cash Flow Financing -22,397,000 60,272,000 43,129,000 55,920,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.6
6 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 7.0
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.7
10 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.4
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.9
8 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.9
9 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
6 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.1
Rating Leverage Section Avg. Rating
8 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.7
7 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.6
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.2
Rating Asset & Revenue Section Avg. Rating
8 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.3
9 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 8.0
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.8
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.1
Rating Properties Section Avg. Rating
10 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.7
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.8
3 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
9 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.0
8.4 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-11-26 - v3.5