Four Corners Property Trust, Inc. (FCPT)
Four Corners Property Trust (FCPT) is a real estate investment trust (REIT) specializing in the acquisition and net-leasing of restaurant and retail properties. With a focus on strategic property acquisitions, FCPT aims to deliver stable and growing returns to its shareholders through consistent dividend payouts.
Company Overview
Four Corners Property Trust offers investors stable income through its diversified portfolio of net-leased restaurant and retail properties, boasting a high gross margin of 92.9% and a compelling dividend yield of 5.65%, making it an attractive REIT in a resilient sector.
Investment Thesis
Four Corners Property Trust presents a compelling investment opportunity due to its stable income generation, strategic focus on net-leased properties, and attractive dividend yield of 5.65%. The company's high gross margin of 92.9% underscores its efficient business model and ability to generate consistent cash flow. FCPT's focus on the restaurant and retail sectors, while potentially subject to cyclical pressures, also offers resilience due to the essential nature of many of its tenants' businesses. Upcoming growth will be driven by strategic acquisitions of properties with strong tenant profiles and favorable lease terms. The company's experienced management team and disciplined approach to capital allocation further enhance its investment appeal. FCPT's beta of 0.84 suggests lower volatility compared to the broader market, making it an attractive option for risk-averse investors seeking stable income and long-term capital appreciation.
Key Highlights
- Market capitalization of $2.69 billion, reflecting substantial investor confidence in FCPT's business model and growth prospects.
- P/E ratio of 23.57, indicating a reasonable valuation relative to its earnings.
- Profit margin of 38.0%, demonstrating efficient operations and strong profitability.
- Gross margin of 92.9%, highlighting the effectiveness of its net-lease structure.
- Dividend yield of 5.65%, offering an attractive income stream for investors.
Competitors
Strengths
- Stable income stream from net-lease structure.
- High gross margin of 92.9%.
- Attractive dividend yield of 5.65%.
- Experienced management team.
Weaknesses
- Concentration in restaurant and retail sectors.
- Sensitivity to economic cycles and consumer spending.
- Reliance on tenants' ability to meet lease obligations.
- Potential impact of rising interest rates on borrowing costs.
Catalysts
- Ongoing: Strategic acquisitions of net-leased restaurant and retail properties will drive portfolio growth and increase rental income.
- Ongoing: Portfolio optimization efforts, including asset sales and reinvestment, will improve the overall quality of the portfolio.
- Ongoing: Tenant diversification initiatives will reduce concentration risk and enhance income stability.
- Upcoming: Potential interest rate cuts by the Federal Reserve could lower borrowing costs and improve financial performance.
Risks
- Potential: Economic downturns could negatively impact restaurant and retail sales, leading to tenant defaults and reduced rental income.
- Potential: Rising interest rates could increase borrowing costs and reduce profitability.
- Ongoing: Competition from other REITs could limit acquisition opportunities and put pressure on rental rates.
- Potential: Changes in consumer preferences could affect tenant performance and lead to vacancies.
- Ongoing: The company's P/E ratio of 23.57, while reasonable, suggests that the stock may be sensitive to earnings disappointments.
Growth Opportunities
- Strategic Acquisitions: FCPT can continue to expand its portfolio through strategic acquisitions of net-leased restaurant and retail properties. The market for these properties is substantial, with billions of dollars in transactions occurring annually. By carefully selecting properties with strong tenant profiles and favorable lease terms, FCPT can increase its rental income and drive long-term growth. Timeline: Ongoing.
- Portfolio Optimization: FCPT can optimize its existing portfolio by selectively disposing of underperforming assets and reinvesting the proceeds into higher-yielding properties. This strategy can improve the overall quality of the portfolio and enhance its long-term growth potential. Timeline: Ongoing.
- Tenant Diversification: While FCPT focuses on restaurant and retail properties, it can further diversify its tenant base by targeting tenants in other industries that operate under similar net-lease structures. This can reduce the company's exposure to any single industry or tenant and improve the stability of its income stream. Timeline: Ongoing.
- Capital Structure Management: FCPT can optimize its capital structure by strategically managing its debt levels and interest rates. By taking advantage of favorable market conditions, the company can reduce its borrowing costs and increase its financial flexibility. Timeline: Ongoing.
- Technology Integration: Implementing advanced property management and data analytics technologies can improve operational efficiency, enhance tenant relationships, and identify new growth opportunities. This includes using data to optimize rental rates, predict tenant turnover, and identify potential acquisition targets. Timeline: Ongoing.
Opportunities
- Strategic acquisitions of net-leased properties.
- Portfolio optimization through asset sales and reinvestment.
- Tenant diversification to reduce concentration risk.
- Expansion into new geographic markets.
Threats
- Economic downturns that impact restaurant and retail sales.
- Increased competition from other REITs.
- Rising interest rates that increase borrowing costs.
- Changes in consumer preferences that affect tenant performance.
Competitive Advantages
- Net-lease structure provides stable and predictable income.
- Focus on well-established brands and operators reduces risk.
- Experienced management team with a proven track record.
- Disciplined approach to investment and capital allocation.
About
Four Corners Property Trust, Inc. (FCPT), headquartered in Mill Valley, CA, is a real estate investment trust (REIT) established to capitalize on the demand for net-leased properties, primarily in the restaurant and retail industries. The company's core strategy revolves around acquiring and leasing single-tenant properties under long-term net leases, where tenants are responsible for property taxes, insurance, and maintenance. This structure provides FCPT with a stable and predictable income stream. FCPT's portfolio consists of a diverse collection of restaurant and retail properties located across the United States. The company focuses on well-established brands and operators, mitigating risk and ensuring consistent rental payments. Since its inception, FCPT has strategically expanded its portfolio through acquisitions, carefully selecting properties with strong underlying real estate fundamentals and favorable lease terms. The company's disciplined approach to investment and active asset management has enabled it to maintain high occupancy rates and generate attractive returns for its shareholders. FCPT continues to seek opportunities to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.
What They Do
- Acquires single-tenant restaurant and retail properties.
- Leases properties under long-term net leases.
- Generates rental income from tenants.
- Manages and maintains a portfolio of properties.
- Seeks to grow its portfolio through strategic acquisitions.
- Distributes income to shareholders through dividends.
Business Model
- Acquires properties with long-term net leases.
- Tenants pay rent, property taxes, insurance, and maintenance.
- FCPT generates stable and predictable income streams.
- Distributes a significant portion of its income as dividends.
Industry Context
Four Corners Property Trust operates within the REIT - Retail industry, which is characterized by companies that own and manage retail properties. The industry is influenced by consumer spending patterns, economic growth, and interest rate movements. The competitive landscape includes REITs with varying investment strategies and property focuses. FCPT differentiates itself through its specialization in net-leased restaurant and retail properties, providing a stable income stream and reduced operational responsibilities. The REIT - Retail industry is expected to experience moderate growth, driven by increasing demand for retail space and the continued expansion of the restaurant sector.
Key Customers
- Restaurant chains operating under national or regional brands.
- Retail businesses operating under national or regional brands.
- Franchisees of established restaurant and retail concepts.
Financials
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q4 2025 | $76M | $29M | $0.28 |
| Q3 2025 | $74M | $29M | $0.28 |
| Q2 2025 | $73M | $28M | $0.28 |
| Q1 2025 | $71M | $26M | $0.26 |
Source: Company filings
Chart & Info
Price Chart
Four Corners Property Trust, Inc. (FCPT) stock price: $24.77 (+0.00, +0.00%)
Why Bull
- •Recent insider buying suggests confidence in the company's growth trajectory, indicating that those closest to the business believe in its future.
- •Community sentiment has been increasingly positive, with discussions highlighting the strength of its real estate portfolio and stable tenant base.
- •Investors are optimistic about the company's potential for dividend growth, particularly in a low-interest-rate environment where income generation is crucial.
- •Market perception has shifted positively as analysts recognize the resilience of the property trust model during economic fluctuations.
Why Bear
- •Concerns about rising interest rates could impact the attractiveness of real estate investments, leading to bearish sentiment among some investors.
- •Recent discussions in the community reflect apprehension about potential regulatory changes affecting the property trust sector.
- •Some analysts have pointed out the risk of overvaluation, suggesting that the stock may not have much room for growth given current market conditions.
- •There are worries about the long-term sustainability of tenant businesses, especially in the context of economic uncertainty, which could affect rental income.
Latest News
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Earnings Scheduled For February 11, 2026
benzinga · Feb 11, 2026
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FCPT Expands Portfolio, Acquires GreatWater 360 Auto Care Property
Yahoo! Finance: FCPT News · Jan 28, 2026
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FCPT Expands Portfolio, Acquires GreatWater 360 Auto Care Property
Zacks · Jan 28, 2026
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FCPT Expands Portfolio, Acquires GreatWater 360 Auto Care Property
zacks.com · Jan 28, 2026
Technical Analysis
Rationale
AI-generated technical analysis for FCPT including trend direction, momentum, and pattern recognition.
What to Watch
Key support and resistance levels, volume signals, and upcoming events.
Risk Management
Position sizing, stop-loss levels, and risk-reward assessment.
Community
Discussion
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Sentiment
Community sentiment and discussion activity for FCPT.
Make a Prediction
Set your price target for Four Corners Property Trust, Inc. (FCPT), choose a timeframe, and track your prediction accuracy.
Current price: $24.77
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for FCPT.
Price Targets
Wall Street price target analysis for FCPT.
Insider Flow (30d)
MoonshotScore
Score Factors
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Revenue Growth 4/100
Revenue grew only 9.7% YoY, suggesting the company is in a slower growth phase.
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Gross Margin 10/100
Gross margin of 85.4% shows excellent pricing power and a strong competitive moat.
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Operating Leverage 4/100
Limited operating leverage due to slower revenue growth, keeping profit scaling constrained.
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Cash Runway 5/100
Cash position data is currently unavailable for this company.
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R&D Intensity 5/100
R&D spending data is currently unavailable for this company.
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Insider Activity 8/100
Moderate net insider buying of +$0.23M suggests management sees value at current price levels.
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Short Interest 5/100
Float and volume data unavailable for liquidity analysis.
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Price Momentum 0/100
No bullish technical signals detected. The stock lacks upward price momentum currently.
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News Sentiment 5/100
No sentiment data available
What does this score mean?
The MoonshotScore rates FCPT's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Competitors & Peers
Latest News
Earnings Scheduled For February 11, 2026
FCPT Expands Portfolio, Acquires GreatWater 360 Auto Care Property
FCPT Expands Portfolio, Acquires GreatWater 360 Auto Care Property
FCPT Expands Portfolio, Acquires GreatWater 360 Auto Care Property
Frequently Asked Questions
What does Four Corners Property Trust, Inc. do?
Four Corners Property Trust (FCPT) is a real estate investment trust (REIT) that specializes in acquiring and net-leasing restaurant and retail properties. The company's business model revolves around purchasing single-tenant properties and leasing them to established restaurant and retail brands under long-term net leases. Under this structure, tenants are responsible for property taxes, insurance, and maintenance, providing FCPT with a stable and predictable income stream. FCPT focuses on building a diversified portfolio of properties located across the United States, aiming to deliver consistent returns to its shareholders through dividend payouts.
Is FCPT stock a good buy?
FCPT presents a mixed investment profile. Its high gross margin of 92.9% and attractive dividend yield of 5.65% are compelling, suggesting a stable income stream. However, the company's concentration in the restaurant and retail sectors exposes it to economic cycles and consumer spending patterns. The P/E ratio of 23.57 indicates a reasonable valuation, but investors should consider the potential impact of rising interest rates and competition from other REITs. Overall, FCPT may be a suitable investment for risk-averse investors seeking stable income, but careful consideration should be given to the potential risks.
What are the main risks for FCPT?
FCPT faces several risks, including economic downturns that could negatively impact restaurant and retail sales, leading to tenant defaults and reduced rental income. Rising interest rates could increase borrowing costs and reduce profitability. The company also faces competition from other REITs, which could limit acquisition opportunities and put pressure on rental rates. Changes in consumer preferences could affect tenant performance and lead to vacancies. Additionally, FCPT's reliance on tenants' ability to meet lease obligations exposes it to credit risk. These factors could negatively impact FCPT's financial performance and stock price.
Is FCPT a good stock to buy?
Whether FCPT is a good investment depends on your financial goals, risk tolerance, and investment horizon. Review the Investment Thesis, SWOT analysis, and Risk sections on this page. Always do your own research and consult a financial advisor before investing.
What is the FCPT MoonshotScore?
MoonshotScore is our proprietary AI-powered rating system that evaluates stocks based on growth potential, financial health, market momentum, and risk factors. It helps investors quickly identify high-potential opportunities. Check the MoonshotScore badge on this page for the current rating.
How often is FCPT data updated?
Stock prices are updated in real-time during market hours (9:30 AM - 4:00 PM ET). Company fundamentals, analyst ratings, and AI insights are refreshed daily. News is updated continuously throughout the day.
What are the growth catalysts for FCPT?
Growth catalysts vary by company and may include new product launches, market expansion, earnings surprises, partnerships, or industry tailwinds. Check the Catalysts section on this page for specific drivers relevant to Four Corners Property Trust, Inc..
Who are FCPT's main competitors?
Four Corners Property Trust, Inc.'s competitors depend on its industry and market segments. Check the Competitors section on this page for a list of direct competitors and how FCPT compares.
What do analysts say about FCPT?
Analyst ratings and price targets for FCPT are aggregated from multiple sources. Check the Analyst Consensus tab for buy/hold/sell ratings and the current consensus price target.
What is FCPT's market cap?
Market capitalization reflects the total market value of FCPT's outstanding shares. Check the Key Statistics section at the top of this page for the current market cap and other key financial metrics.
How has FCPT stock performed recently?
Check the Chart & Info tab for FCPT's recent price action, including daily, weekly, and monthly performance charts with technical indicators.
What are the risks of investing in FCPT?
Every stock carries risk. Check the Risks and Weaknesses sections on this page for FCPT-specific risk factors. Consider macroeconomic conditions, industry trends, and company-specific challenges.
Are insiders buying or selling FCPT?
Insider activity can signal management confidence. Check the Insider Flow tab for recent insider buys, sells, and exercise transactions for FCPT.
Is FCPT a good stock for beginners?
Four Corners Property Trust, Inc. (FCPT) can be suitable for beginner investors depending on several factors. Look at the MoonshotScore on this page for an overall AI-powered assessment of growth potential and risk. Beginners should also check the company's market cap (larger companies tend to be less volatile), gross margin (higher margins mean stronger business fundamentals), and cash position (healthy cash reduces bankruptcy risk). Always start with a small position size and never invest money you cannot afford to lose.
How risky is FCPT for first-time investors?
Every stock carries risk, including Four Corners Property Trust, Inc. (FCPT). First-time investors should review the Risk Factors section on this page for company-specific risks. Key risk indicators include price volatility (check the chart for daily swings), insider selling activity (see Insider Flow tab), and cash runway (see MoonshotScore breakdown). A diversified portfolio with an index fund like the S&P 500 as a core holding is generally recommended before adding individual stocks like FCPT.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Data provided for informational purposes only.
- The analysis is based on publicly available information and financial data.
- Future performance is subject to market conditions and company-specific factors.