Four Corners Property Trust, Inc.

Symbol: FCPT
CIK: 1650132
Exchange: NYSE
Founded: 2015 (4 years)
HQ: Mill Valley, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Retail

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See FCPT on SEC.gov

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 N/A   Dividend Section Rating

Rating Dividend Section Avg. Rating
N/A Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.5
2 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.5
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 6.9
10 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 5.8
9 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 7.0

 9.0   Leverage Section Rating

Rating Leverage Section Avg. Rating
9 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.6
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 7.3
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.0
8 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 6.3
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.1
9.0 Overall Leverage Section Rating: The REIT’s total Debt Leverage score from the compilation of the above Debt analysis. 7.5

 8.5   Asset & Revenue Section Rating

Rating Asset & Revenue Section Avg. Rating
7 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 6.9
8 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.7
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
8.5 Overall Asset & Revenue Section Rating: The REIT’s total Asset, Revenues, and Administrative expenses score from the compilation of the above analysis. 7.2


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.

Stock Chart

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Hightlights of Trading Day August 16, 2019


Open Price: $27.85
Closing Price: $27.84
Price Change: 0.33 (1.2%)
Lowest Price: $27.81
Highest Price: $28.08

52-Week Low: $24.58
52-Week High: $29.85
52-Week Change: 3.26%

5 Day Price Change: 0.54%
1 Month Price Change: 1.75%
3 Month Price Change: -4.59%
6 Month Price Change: 0.72%
YTD Price Change: 9.82%
1 Year Price Change: 3.26%
2 Year Price Change: 29.92%
5 Year Price Change: 65.49%

Dividend of Trading Day August 16, 2019


Dividend Yield: 4.131%*
Annualized Dividend: $1.15*
Dividend Yield (TTM):
Annualized Dividend (TTM): $1.1375
Ex Dividend Date: 2019-06-27
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.

Funds From Operations (FFO)


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Key Stats of Trading Day August 16, 2019


Total Cash: $92,041,000
Current Debt: N/A
Revenue: $145,965,000
Gross Profit: $104,502,000
Total Revenue: $145,965,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $113,312,000
Revenue Per Share: $2
Revenue Per Employee: $404,335
Employee: 361
Debt to Equity Ratio (D/E): 0.89
Profit Margin: 0.56%
Enterprise Value (EV): $2,428,608,120
Enterprise Value to Revenue (EV/R): 16.64
Price to Sales (P/S): 13.05
Price to Book (P/B): 2.77
Peg Ratio: -0.62
P/E Ratio: 25.28
P/E High: 27.14
P/E Low: 22.35
Forward P/E Ratio: 26.41
Market Capitalization: $1,904,757,120
Beta: 0.39
Latest Volume: 311,023.00
Avg. Total Volume: 400,429
Avg. 10 Volume: 344,479.40
Avg. 30 Volume: 400,428.50
TTM EPS: 1.10
TTM Dividend Rate: 1.14
Shares Outstanding: 68,418,000
Float: 67,900,280.99
50-Day Moving Avg.: 27.66
200-Day Moving Avg.: 27.76

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Properties Owned by FCPT


Properties owned:
642
Types:
1
States:
45
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
FCPT Sample Property
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Dividend History


Below are the most recent cash dividends paid by FCPT, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 39,289,000 81,013,000 92,041,000 26,890,000
Receivables 0 0 0 0
Inventory 155,000 164,000 183,000 147,000
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 552,000 2,999,000 7,183,000 12,634,000
Property, Plant & Equipment Net 5,647,000 5,685,000 0 0
Goodwill 0 0 0 0
Intangible Assets 26,253,000 22,464,000 0 12,549,000
Other Assets 37,534,000 35,784,000 33,397,000 30,667,000
Net Tangible Assets 647,910,000 658,835,000 691,097,000 663,692,000
Total Assets 1,344,971,000 1,349,557,000 1,343,406,000 1,236,178,000
Accounts Payable 0 0 0 0
Liabilities (Other) 39,012,000 43,935,000 28,242,000 34,196,000
Current Liabilities (Other) 19,641,000 19,626,000 19,580,000 18,519,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 0 0 0 0
Long-term Debt 623,288,000 616,404,000 615,892,000 516,904,000
Total Liabilities 662,300,000 660,339,000 644,442,000 551,100,000
Minority Interest 68,000 98,000 129,000 111,000
Common Stock 7,000 7,000 7,000 7,000
Retained Earnings 42,122,000 43,895,000 46,018,000 44,393,000
Treasury Stock 0 0 0 0
Capital Surplus 638,988,000 637,117,000 639,116,000 620,216,000
Shareholder Equity 676,968,000 683,360,000 691,097,000 677,182,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 40,160,000 40,222,000 38,736,000 36,885,000
Cost of Revenue 11,901,000 11,664,000 12,244,000 10,471,000
Gross Profit 28,259,000 28,558,000 26,492,000 26,414,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 15,332,000 15,610,000 15,834,000 13,696,000
Operating Income 24,828,000 24,612,000 22,902,000 23,189,000
Income Expense Net (Other) -6,831,000 -6,943,000 -1,497,000 -5,518,000
EBIT 24,828,000 24,612,000 22,902,000 23,189,000
Interest Income 7,137,000 7,356,000 5,966,000 5,682,000
Pretax Income 17,997,000 17,669,000 21,405,000 17,671,000
Income Tax 61,000 68,000 74,000 64,000
Minority Interest 68,000 98,000 129,000 111,000
Net Income 17,868,000 17,503,000 21,202,000 17,496,000
Net Income Basic 17,868,000 17,503,000 21,202,000 17,496,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income 17,868,000 17,503,000 21,202,000 17,496,000
Depreciation 6,518,000 6,361,000 6,042,000 5,743,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -41,724,000 -12,229,000 66,352,000 -61,759,000
Cash Flow 21,137,000 32,909,000 15,067,000 24,828,000
Capital Expenditures 0 0 0 0
Investments -44,341,000 -23,424,000 -46,569,000 -178,283,000
Investing Activity (Other) 0 0 86,000 36,000
Total Investing Cash Flows -44,136,000 -23,424,000 -46,402,000 -178,247,000
Dividends Paid -19,626,000 -19,580,000 -18,519,000 -17,278,000
Net Borrowings 0 0 98,519,000 0
Cash Flow Financing -18,725,000 -21,714,000 97,686,000 91,660,000
Financing Cash Flows (Other) -91,000 -2,794,000 -511,000 -114,000
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.

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