FCPT Stock Overview
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.
Four Corners Property Trust Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$27.08|
|52 Week High||US$30.13|
|52 Week Low||US$24.24|
|1 Month Change||-1.85%|
|3 Month Change||1.16%|
|1 Year Change||-1.74%|
|3 Year Change||-2.06%|
|5 Year Change||7.29%|
|Change since IPO||52.56%|
Recent News & Updates
|FCPT||US REITs||US Market|
Return vs Industry: FCPT exceeded the US REITs industry which returned -8.3% over the past year.
Return vs Market: FCPT exceeded the US Market which returned -18.8% over the past year.
|FCPT Average Weekly Movement||4.1%|
|REITs Industry Average Movement||4.9%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.7%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: FCPT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FCPT's weekly volatility (4%) has been stable over the past year.
About the Company
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant 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 Fundamentals Summary
|FCPT fundamental statistics|
Is FCPT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FCPT income statement (TTM)|
|Cost of Revenue||US$32.47m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.09|
|Net Profit Margin||42.15%|
How did FCPT perform over the long term?See historical performance and comparison
4.9%Current Dividend Yield
Does FCPT pay a reliable dividends?See FCPT dividend history and benchmarks
|Four Corners Property Trust dividend dates|
|Ex Dividend Date||Jun 29 2022|
|Dividend Pay Date||Jul 15 2022|
|Days until Ex dividend||0 days|
|Days until Dividend pay date||16 days|
Does FCPT pay a reliable dividends?See FCPT dividend history and benchmarks
Is FCPT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FCPT?
Other financial metrics that can be useful for relative valuation.
|What is FCPT's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does FCPT's PE Ratio compare to its peers?
|FCPT PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
OUT Outfront Media
UNIT Uniti Group
FCPT Four Corners Property Trust
Price-To-Earnings vs Peers: FCPT is expensive based on its Price-To-Earnings Ratio (24.9x) compared to the peer average (21.1x).
Price to Earnings Ratio vs Industry
How does FCPT's PE Ratio compare vs other companies in the US REITs Industry?
Price-To-Earnings vs Industry: FCPT is good value based on its Price-To-Earnings Ratio (24.9x) compared to the US REITs industry average (31.6x)
Price to Earnings Ratio vs Fair Ratio
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.
|Current PE Ratio||24.9x|
|Fair PE Ratio||35.9x|
Price-To-Earnings vs Fair Ratio: FCPT is good value based on its Price-To-Earnings Ratio (24.9x) compared to the estimated Fair Price-To-Earnings Ratio (35.9x).
Share Price vs Fair Value
What is the Fair Price of FCPT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FCPT ($27.08) is trading below our estimate of fair value ($63.39)
Significantly Below Fair Value: FCPT is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: FCPT is poor value based on its PEG Ratio (2.7x)
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How is Four Corners Property Trust forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FCPT's forecast earnings growth (9.3% per year) is above the savings rate (1.9%).
Earnings vs Market: FCPT's earnings (9.3% per year) are forecast to grow slower than the US market (13.8% per year).
High Growth Earnings: FCPT's earnings are forecast to grow, but not significantly.
Revenue vs Market: FCPT's revenue (9.4% per year) is forecast to grow faster than the US market (8.3% per year).
High Growth Revenue: FCPT's revenue (9.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FCPT's Return on Equity is forecast to be low in 3 years time (9.5%).
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How has Four Corners Property Trust performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCPT has high quality earnings.
Growing Profit Margin: FCPT's current net profit margins (42.1%) are lower than last year (44.9%).
Past Earnings Growth Analysis
Earnings Trend: FCPT's earnings have grown by 0.8% per year over the past 5 years.
Accelerating Growth: FCPT's earnings growth over the past year (10.9%) exceeds its 5-year average (0.8% per year).
Earnings vs Industry: FCPT earnings growth over the past year (10.9%) underperformed the REITs industry 69.5%.
Return on Equity
High ROE: FCPT's Return on Equity (9%) is considered low.
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How is Four Corners Property Trust's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: FCPT's short term assets ($132.6M) exceed its short term liabilities ($36.8M).
Long Term Liabilities: FCPT's short term assets ($132.6M) do not cover its long term liabilities ($986.1M).
Debt to Equity History and Analysis
Debt Level: FCPT's net debt to equity ratio (92%) is considered high.
Reducing Debt: FCPT's debt to equity ratio has increased from 92.1% to 99.1% over the past 5 years.
Debt Coverage: FCPT's debt is not well covered by operating cash flow (13%).
Interest Coverage: FCPT's interest payments on its debt are well covered by EBIT (3.6x coverage).
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What is Four Corners Property Trust current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FCPT's dividend (4.91%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: FCPT's dividend (4.91%) is in the top 25% of dividend payers in the US market (4.25%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FCPT has been paying a dividend for less than 10 years.
Growing Dividend: FCPT's dividend payments have increased, but the company has only paid a dividend for 6 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (80.5%), FCPT's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (85.4%), FCPT's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bill Lenehan (44 yo)
Mr. William Howard Lenehan IV, also known as Bill, has been the Chief Executive Officer of Four Corners Property Trust, Inc. since joining it on August 17, 2015 and has also been its President and Member o...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD2.38M) is below average for companies of similar size in the US market ($USD5.48M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
Experienced Management: FCPT's management team is considered experienced (4.4 years average tenure).
Experienced Board: FCPT's board of directors are considered experienced (5.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FCPT insiders have bought and sold the same number of shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.4%.
Four Corners Property Trust, Inc.'s employee growth, exchange listings and data sources
- Name: Four Corners Property Trust, Inc.
- Ticker: FCPT
- Exchange: NYSE
- Founded: NaN
- Industry: Specialized REITs
- Sector: Real Estate
- Implied Market Cap: US$2.186b
- Market Cap: US$2.183b
- Shares outstanding: 80.48m
- Website: https://www.fcpt.com
Number of Employees
- Four Corners Property Trust, Inc.
- 591 Redwood Highway
- Suite 1150
- Mill Valley
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/28 00:00|
|End of Day Share Price||2022/06/28 00:00|
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.