Four Corners Property Trust, Inc. | REIT Profile

Symbol: FCPT
CIK: 1650132
Exchange: NYSE
Founded: 2015 (6 years)
HQ: Mill Valley, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Retail

See FCPT on Google Finance
See FCPT on Yahoo Finance
See FCPT on SEC.gov

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Overall Score: 8.5

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


Four Corners Property Trust, Inc. Company Logo

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Hightlights of Trading Day December 6, 2021


Open Price: $27.73
Closing Price: $28.27
Price Change: 0.9 (3.288%)
Lowest Price: $27.755
Highest Price: $28.52

52-Week Low: $24.93
52-Week High: $30.10
52-Week Change: 0.90%

5 Day Price Change: 0.63%
1 Month Price Change: -7.44%
3 Month Price Change: -4.51%
6 Month Price Change: -0.64%
YTD Price Change: -4.83%
1 Year Price Change: 0.90%
2 Year Price Change: 7.91%
5 Year Price Change: 78.64%

Dividend of Trading Day December 6, 2021


Dividend Yield: 4.492%*
Annualized Dividend: $1.27*
Dividend Yield (TTM): 4.561%
Annualized Dividend (TTM): $1.2483
Ex-Dividend Date: 2021-10-06
Next Ex-Dividend: 2021-12-31
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)


Funds From Operations (FFO)

Key Stats of Trading Day December 6, 2021


Total Cash: $7,809,000
Current Debt: $57,828,000
Revenue: $191,342,000
Gross Profit: $191,342,000
Total Revenue: $191,342,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $147,205,000
Revenue Per Share: $2
Revenue Per Employee: N/A
Employee: 349
Debt to Equity Ratio (D/E): 2.10
Profit Margin: 0.43%
Enterprise Value (EV): $2,990,336,618
Enterprise Value to Revenue (EV/R): 15.63
Price to Sales (P/S): 11.00
Price to Book (P/B): 2.41
Price/Earnings-to-Growth (PEG) Ratio: 214.97
P/E Ratio: 26.18
P/E High: 24.14
P/E Low: 19.79
Forward P/E Ratio: N/A
Market Capitalization: $2,186,758,935
Beta: 0.91
Latest Volume: 361,761
Avg. Total Volume: 441,816
Avg. 10-Day Volume: 518,961
Avg. 30-Day Volume: 441,816
TTM EPS: 1.08
Shares Outstanding: 77,352,633
Float: N/A
50-Day Moving Avg.: $28.54
200-Day Moving Avg.: $27.91

Latest REIT Community Comments on #FCPT


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Properties Owned by FCPT


Properties Based on REIT's Official Presentation

Properties Types States Countries
642 1 45 1

Please visit REIT’s official webpage for the most up-to-date property list.

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 2020-12-07 costing $973.35 @ $27.81 per share you would have been able to buy 17 shares of FCPT on 2020-12-07 costing $472.77 @ $27.81 per share you would have been able to buy 8 shares of FCPT on 2020-12-07 costing $222.48 @ $27.81 per share you would have been able to buy 3 shares of FCPT on 2020-12-07 costing $83.43 @ $27.81 per share you would have been able to buy 1 shares of FCPT on 2020-12-07 costing $27.81
Current worth On 2021-12-06 these 35 shares would be worth $989.45 @ $28.27 On 2021-12-06 these 17 shares would be worth $480.59 @ $28.27 On 2021-12-06 these 8 shares would be worth $226.16 @ $28.27 On 2021-12-06 these 3 shares would be worth $84.81 @ $28.27 On 2021-12-06 these 1 shares would be worth $28.27 @ $28.27
Dividends earned $44.45 in dividends would have been earned since 2020-12-07 with 35 shares. $22 in dividends would have been earned since 2020-12-07 with 17 shares. $10.16 in dividends would have been earned since 2020-12-07 with 8 shares. $3.81 in dividends would have been earned since 2020-12-07 with 3 shares. $1.27 in dividends would have been earned since 2020-12-07 with 17 shares.
Net (gain / loss)* 60.55 USD 29.41 USD 13.84 USD 5.19 USD 1.73 USD
ROI** 6.22% 6.22% 6.22% 6.22% 6.22%

*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 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
FCPT 2017-09-28 0.243 --- 2017-09-15 2017-09-29 2017-10-13
FCPT 2017-06-28 0.243 --- 2017-06-14 2017-06-30 2017-07-17
FCPT 2017-03-29 0.243 --- 2017-03-15 2017-03-31 2017-04-17
FCPT 2016-12-28 0.243 --- 2016-12-14 2016-12-30 2017-01-13

Financial Statements Overview


The next Earnings Report for FCPT is 2022-02-16

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 7,809,000 27,096,000 11,483,000 11,064,000
Receivables 992,000 1,249,000 1,023,000 1,035,000
Inventory 186,000 228,000 162,000 183,000
Current Assets 69,833,000 86,328,000 73,260,000 68,038,000
Current Assets (Other) 60,846,000 57,755,000 56,600,000 52,993,000
Short Term Investments 60,846,000 57,755,000 60,592,000 55,756,000
Long-term Investments 1,768,277,000 1,666,962,000 1,624,017,000 1,600,141,000
Property, Plant & Equipment Net 1,661,436,000 1,563,850,000 1,520,800,000 1,497,522,000
Goodwill 0 0 0 0
Intangible Assets 101,072,000 96,909,000 96,297,000 96,291,000
Other Assets 729,000 1,043,000 1,641,000 931,000
Net Tangible Assets 773,766,000 749,351,000 752,534,000 745,149,000
Total Assets 1,838,110,000 1,753,290,000 1,697,277,000 1,668,179,000
Accounts Payable 328,000 688,000 612,000 376,000
Liabilities (Other) 3,344,000 3,228,000 3,206,000 4,840,000
Current Liabilities (Other) 57,500,000 53,500,000 57,211,000 58,526,000
Total Current Liabilities 57,828,000 54,188,000 57,823,000 58,902,000
Current Long-term Debt 0 0 0 0
Long-term Debt 894,154,000 840,706,000 778,394,000 753,878,000
Total Liabilities 963,272,000 907,030,000 848,446,000 826,739,000
Minority Interest 2,215,000 3,063,000 3,070,000 3,061,000
Common Stock 76,250,614 76,058,812 75,969,887 73,926,189
Retained Earnings 15,708,000 19,052,000 23,071,000 26,672,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 874,838,000 846,260,000 848,831,000 841,440,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 50,706,000 49,272,000 46,746,000 44,618,000
Cost of Revenue 0 0 0 0
Gross Profit 50,706,000 49,272,000 46,746,000 44,618,000
Research and Development 0 0 0 0
Selling General and Admin 4,262,000 4,465,000 4,763,000 3,744,000
Operating Expense 21,092,000 20,644,000 18,860,000 16,759,000
Operating Income 29,614,000 28,628,000 27,886,000 27,859,000
Income Expense Net (Other) 0 0 0 0
EBIT 29,614,000 28,628,000 27,886,000 27,859,000
Interest Income 8,311,000 8,384,000 7,633,000 7,499,000
Pretax Income 21,305,000 20,251,000 20,685,000 20,362,000
Income Tax 97,000 71,000 63,000 55,000
Minority Interest 44,000 42,000 43,000 55,000
Net Income 21,164,000 20,138,000 20,579,000 20,252,000
Net Income Basic 21,164,000 20,138,000 20,579,000 20,252,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 21,164,000 20,138,000 20,579,000 20,252,000
Depreciation 8,831,000 8,388,000 8,236,000 29,433,000
Changes in Receivables 992,000 1,249,000 1,023,000 1,035,000
Changes in Inventories 186,000 228,000 162,000 183,000
Cash Change 7,809,000 27,096,000 11,483,000 11,064,000
Cash Flow 35,169,000 27,029,000 31,849,000 26,062,000
Capital Expenditures -110,802,000 -48,207,000 -36,096,000 -230,533,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -110,376,000 -48,641,000 -32,893,000 -106,667,000
Dividends Paid 0 0 0 0
Net Borrowings 825,499,000 755,855,000 706,319,000 687,058,000
Cash Flow Financing 55,920,000 37,225,000 1,463,000 73,934,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

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.

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. 3.7
5 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.8
10 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 7.8
8 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
9 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.8
8 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.5
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
10 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.3
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
2 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
3 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.3
8.5 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: 2021-12-07 - v2.4