4Z1 Stock Overview

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. More details

4Z1 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	3/6
Financial Health	1/6
Dividends	4/6

Rewards

Trading at 53.5% below our estimate of its fair value

Earnings are forecast to grow 8.81% per year

Earnings grew by 5.3% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Shareholders have been diluted in the past year

My Notes

Capture your thoughts, links and company narrative

Four Corners Property Trust, Inc. Competitors

OUTFRONT Media

NYSE:OUT

US$2.9b

EPR Properties

NYSE:EPR

US$3.3b

Hamborner REIT

XTRA:HABA

€515.7m

Fideicomiso Irrevocable No. F/3277 en Banco Invex S. A. Institución de Banca Múltiple INVEX Grupo

BMV:EDUCA 18

Mex$69.6b

Price History & Performance

Summary of share price highs, lows and changes for Four Corners Property Trust
Historical stock prices
Current Share Price	US$25.80
52 Week High	US$27.60
52 Week Low	US$21.00
Beta	1.14
1 Month Change	-2.27%
3 Month Change	-3.01%
1 Year Change	13.16%
3 Year Change	2.38%
5 Year Change	n/a
Change since IPO	8.45%

Recent updates

Shareholder Returns

	4Z1	DE Specialized REITs	DE Market
7D	-3.7%	0%	0%
1Y	13.2%	0%	0%

Return vs Industry: 4Z1 exceeded the German Specialized REITs industry which returned -0.6% over the past year.

Return vs Market: 4Z1 exceeded the German Market which returned 8% over the past year.

Price Volatility

Is 4Z1's price volatile compared to industry and market?
4Z1 volatility
4Z1 Average Weekly Movement	3.1%
Specialized REITs Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in DE Market	0%
10% least volatile stocks in DE Market	0%

Stable Share Price: 4Z1 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: 4Z1's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2015	516	Bill Lenehan	www.fcpt.com

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail 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.

Four Corners Property Trust, Inc. Fundamentals Summary

How do Four Corners Property Trust's earnings and revenue compare to its market cap?
4Z1 fundamental statistics
Market cap	€2.53b
Earnings (TTM)	€95.22m
Revenue (TTM)	€255.48m

26.2x

P/E Ratio

9.8x

P/S Ratio

Is 4Z1 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
4Z1 income statement (TTM)
Revenue	US$264.88m
Cost of Revenue	US$40.25m
Gross Profit	US$224.63m
Other Expenses	US$125.90m
Earnings	US$98.73m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.02
Gross Margin	84.80%
Net Profit Margin	37.27%
Debt/Equity Ratio	84.1%

How did 4Z1 perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

83%

Payout Ratio

Does 4Z1 pay a reliable dividends?

See 4Z1 dividend history and benchmarks

When do you need to buy 4Z1 by to receive an upcoming dividend?
Four Corners Property Trust dividend dates
Ex Dividend Date	Dec 31 2024
Dividend Pay Date	Jan 15 2025
Days until Ex dividend	10 days
Days until Dividend pay date	25 days

Does 4Z1 pay a reliable dividends?

See 4Z1 dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 15:15
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Four Corners Property Trust, Inc. is covered by 17 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Wesley Golladay	Baird
Richard Hightower	Barclays
Nathan Crossett	Berenberg

4Z1 Stock Overview

Rewards

Risk Analysis

Four Corners Property Trust, Inc. Competitors

NYSE:OUT

US$2.9b

NYSE:EPR

US$3.3b

XTRA:HABA

€515.7m

BMV:EDUCA 18

Mex$69.6b

Price History & Performance

Recent News & Updates

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired P.F. Chang's China Bistro, Inc. Property in Illinois for $4.8 million.

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired City Barbeque property for $2.6 million.

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Panera Bread property for $2.0 million.

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired NAPA Auto Parts Property in New York for $2 million

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Three Retail Properties in Texas and Florida for $6.6 million.

Third quarter dividend of US$0.35 announced

Recent updates

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired P.F. Chang's China Bistro, Inc. Property in Illinois for $4.8 million.

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired City Barbeque property for $2.6 million.

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Panera Bread property for $2.0 million.

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired NAPA Auto Parts Property in New York for $2 million

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Three Retail Properties in Texas and Florida for $6.6 million.

Third quarter dividend of US$0.35 announced

Four Corners Property Trust, Inc. Declares Quarterly Cash Dividend for the Fourth Quarter of 2024, Payable on January 15, 2025

Third quarter 2024 earnings released: FFO per share: US$0.4 (vs US$0.43 in 3Q 2023)

Four Corners Property Trust, Inc. to Report Q3, 2024 Results on Oct 30, 2024

Second quarter dividend of US$0.34 announced

Four Corners Property Trust, Inc. has filed a Follow-on Equity Offering in the amount of $500 million.

Four Corners Property Trust, Inc. Declares Cash Dividend for the Third Quarter of 2024, Payable on October 15, 2024

New minor risk - Shareholder dilution

Second quarter 2024 earnings released: EPS: US$0.27 (vs US$0.27 in 2Q 2023)

Four Corners Property Trust, Inc. to Report Q2, 2024 Results on Jul 31, 2024

First quarter dividend of US$0.34 announced

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Mercy Health Clinic property for $3.8 million.

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired National Veterinary Associates property in Florida for $1.8 million.

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Longhorn Steakhouse Property in Illinois for $2 million.

First quarter 2024 earnings released: EPS: US$0.26 (vs US$0.27 in 1Q 2023)

Four Corners Property Trust, Inc., Annual General Meeting, Jun 06, 2024

Four Corners Property Trust, Inc. to Report Q1, 2024 Results on May 01, 2024

Upcoming dividend of US$0.34 per share

Fourth quarter dividend of US$0.34 announced

Four Corners Property Trust, Inc. Declares Cash Dividend for the First Quarter of 2024, Payable on April 15, 2024

Four Corners Property Trust Announces Gerry Morgan to Retire as Chief Financial Officer, Effective May 3, 2024

Full year 2023 earnings released: FFO per share: US$1.6 (vs US$1.61 in FY 2022)

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Baptist Medical Group primary care property for $9.7 million.

Four Corners Property Trust, Inc. to Report Q4, 2023 Results on Feb 14, 2024

Upcoming dividend of US$0.34 per share at 5.5% yield

Insufficient new directors

Four Corners Property Trust, Inc. Declares Quarterly Cash Dividend for the Fourth Quarter of 2023, Payable on January 12, 2024

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Taco Bell property in Oklahoma for $2.2 million.

Third quarter 2023 earnings released: FFO per share: US$0.4 (vs US$0.41 in 3Q 2022)

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Oak Street Health Property in Arkansas for $2.4 million.

Four Corners Property Trust, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Four Corners Property Trust, Inc. Declares a Quarterly Cash Dividend for the Third Quarter of 2023, Payable on October 13, 2023

An unknown buyer acquired Red Lobster Property from Four Corners Property Trust, Inc. (NYSE:FCPT) for $5.9 million.

An unknown buyer acquired Red Lobster Property from Four Corners Property Trust, Inc. (NYSE:FCPT) for $5.9 million.

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Three newly built properties located in a strong retail corridor in Michigan for $5.2 million.

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Four properties located in Virginia, Georgia and Ohio of Tire Discounters Inc. for $9.1 million.

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Jiffy Lube property in Iowa for $1.6 million.

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Dual-tenant Aspen Dental and WellNow Urgent Care property in New York for $3.3 million.

Four Corners Property Trust, Inc. Declares Dividend on Common Share for the Second Quarter of 2023

Second quarter 2023 earnings released: EPS: US$0.27 (vs US$0.35 in 2Q 2022)

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Four Property Developer Portfolio for $17.9 million.

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Two Wawa Properties in New Jersey for $2.5 million.

Four Corners Property Trust, Inc. to Report Q2, 2023 Results on Aug 01, 2023

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Nine Car Wash properties located in Florida, Indiana, Louisiana, Ohio, Oklahoma, and South Carolina for $40 million.

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired An Olive Garden Property for $3.4 million.

Four Corners Property Trust, Inc. acquired National Veterinary Alliance Property for $7.8 million.

Four Corners Property Trust, Inc. acquired Bojangles Property for $1.4 million.

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Five Oak Street Health properties in Illinois and Indiana for $24.3 million.

Upcoming dividend of US$0.34 per share at 5.3% yield

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Fast Pace Health property for $2.1 million.

An unknown buyer acquired Burger King property located in Virginia from Four Corners Property Trust, Inc. for $2.1 million.

Four Corners Property Trust, Inc. acquired Fresenius Medical Care Property for $2.6 million.

President recently bought €185k worth of stock

Four Corners Property Trust, Inc. acquired Three Properties of W.W. Williams for $10.3 million.