How does FCPT's PE Ratio compare to its peers?

FCPT is expensive based on its Price-To-Earnings Ratio (28.4x) compared to the peer average (14.6x).

How does FCPT's PE Ratio compare vs other companies in the US Specialized REITs Industry?

FCPT is expensive based on its Price-To-Earnings Ratio (28.4x) compared to the US Specialized REITs industry average (28.4x).

What is FCPT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FCPT is good value based on its Price-To-Earnings Ratio (28.4x) compared to the estimated Fair Price-To-Earnings Ratio (34.9x).

What is the Fair Price of FCPT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

FCPT ($28.96) is trading below our estimate of [[fair value]] ($53.13)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

Four Corners Property Trust (NYSE:FCPT) - Stock Price, News & Analysis

FCPT 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

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

Rewards

Trading at 45.5% below our estimate of its fair value

Earnings are forecast to grow 7.57% per year

Earnings have grown 6.8% per year over the past 5 years

Risk Analysis

Interest payments are not well covered by earnings

Shareholders have been diluted in the past year

Four Corners Property Trust, Inc. Competitors

OUTFRONT Media

NYSE:OUT

US$3.1b

EPR Properties

NYSE:EPR

US$3.4b

Uniti Group

NasdaqGS:UNIT

US$1.4b

Safehold

NYSE:SAFE

US$1.5b

Price History & Performance

Summary of all time highs, changes and price drops for Four Corners Property Trust
Historical stock prices
Current Share Price	US$28.96
52 Week High	US$30.93
52 Week Low	US$22.38
Beta	1.12
11 Month Change	-0.79%
3 Month Change	7.46%
1 Year Change	26.85%
33 Year Change	2.15%
5 Year Change	2.55%
Change since IPO	63.15%

Four Corners Property Trust Delivered Solid Results And Continues Robust Investment Activity

Oct 03

Recent updates

Four Corners Property Trust Delivered Solid Results And Continues Robust Investment Activity

Oct 03

Four Corners Property Trust: Staying Bullish On This High Yielding Retail-Centric REIT

Jul 30

Four Corners Property Trust Continues To Diversify With Lower Investment Volume

Jul 21

Four Corners Property Trust: Its Peers Have Better Value Proposition

May 30

Four Corners Property Trust: A Fortress Balance Sheet With Ample Growth Prospects

Apr 17

Four Corners Property Trust: A Sleeper REIT You Should Add To Your Watchlist

Jan 19

Four Corners: Upgrade To Buy On Sector Diversification And Improved Tenant Quality (Ratings Upgrade)

Nov 08

Four Corners: A Look At This 5.6% Yielding REIT

Sep 08

The Dividend Of Four Corners Property Trust Remains Attractive

Jul 04

Four Corners Property Trust FFO of $0.41 in-line, revenue of $57.36M beats by $0.15M

Feb 15

Here's Why We Think Four Corners Property Trust (NYSE:FCPT) Might Deserve Your Attention Today

Feb 15

Shareholder Returns

	FCPT	US Specialized REITs	US Market
7D	3.8%	1.8%	-1.0%
1Y	26.9%	14.6%	30.3%

Return vs Industry: FCPT exceeded the US Specialized REITs industry which returned 15.2% over the past year.

Return vs Market: FCPT underperformed the US Market which returned 30.4% over the past year.

Price Volatility

Is FCPT's price volatile compared to industry and market?
FCPT volatility
FCPT Average Weekly Movement	2.2%
Specialized REITs Industry Average Movement	3.2%
Market Average Movement	6.2%
10% most volatile stocks in US Market	15.7%
10% least volatile stocks in US Market	3.1%

Stable Share Price: FCPT has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FCPT's weekly volatility (2%) 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?
FCPT fundamental statistics
Market cap	US$2.82b
Earnings (TTM)	US$98.73m
Revenue (TTM)	US$264.88m

28.4x

P/E Ratio

10.6x

P/S Ratio

Is FCPT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FCPT 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 FCPT perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

83%

Payout Ratio

Does FCPT pay a reliable dividends?

See FCPT dividend history and benchmarks

When do you need to buy FCPT 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	40 days
Days until Dividend pay date	55 days

Does FCPT pay a reliable dividends?

See FCPT dividend history and benchmarks

FCPT Stock Overview

Rewards

Risk Analysis

Four Corners Property Trust, Inc. Competitors

NYSE:OUT

US$3.1b

NYSE:EPR

US$3.4b

NasdaqGS:UNIT

US$1.4b

NYSE:SAFE

US$1.5b

Price History & Performance

Recent News & Updates

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

Third quarter dividend increased to US$0.35

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

Third quarter 2024 earnings: EPS in line with expectations, revenues disappoint

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

Four Corners Property Trust Delivered Solid Results And Continues Robust Investment Activity

Recent updates

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

Third quarter dividend increased to US$0.35

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

Third quarter 2024 earnings: EPS in line with expectations, revenues disappoint

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

Four Corners Property Trust Delivered Solid Results And Continues Robust Investment Activity

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: EPS in line with analyst expectations despite revenue beat

Four Corners Property Trust: Staying Bullish On This High Yielding Retail-Centric REIT

Four Corners Property Trust Continues To Diversify With Lower Investment Volume

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: Its Peers Have Better Value Proposition

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: Revenues exceed analysts expectations while EPS lags behind

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

Four Corners Property Trust: A Fortress Balance Sheet With Ample Growth Prospects

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: Revenues and EPS in line with analyst expectations

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

Four Corners Property Trust: A Sleeper REIT You Should Add To Your Watchlist

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.

Four Corners: Upgrade To Buy On Sector Diversification And Improved Tenant Quality (Ratings Upgrade)

Third quarter 2023 earnings: EPS misses analyst expectations

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

Four Corners: A Look At This 5.6% Yielding REIT

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: EPS exceeds analyst expectations

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

The Dividend Of Four Corners Property Trust Remains Attractive

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