Four Corners Property Trust, Inc. (FCPT)
| Market Cap | 2.77B |
| Revenue (ttm) | 264.88M |
| Net Income (ttm) | 98.73M |
| Shares Out | 96.85M |
| EPS (ttm) | 1.07 |
| PE Ratio | 26.77 |
| Forward PE | 25.76 |
| Dividend | $1.38 (4.83%) |
| Ex-Dividend Date | Sep 30, 2024 |
| Volume | 100,779 |
| Open | 29.01 |
| Previous Close | 28.94 |
| Day's Range | 28.49 - 29.07 |
| 52-Week Range | 22.38 - 30.93 |
| Beta | 1.14 |
| Analysts | Buy |
| Price Target | 30.50 (+6.64%) |
| Earnings Date | Oct 30, 2024 |
About FCPT
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. [Read more]
Financial Performance
In 2023, FCPT's revenue was $250.61 million, an increase of 12.28% compared to the previous year's $223.19 million. Earnings were $95.34 million, a decrease of -2.49%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for FCPT stock is "Buy." The 12-month stock price forecast is $30.5, which is an increase of 6.64% from the latest price.
News
FCPT Announces Acquisition of a NAPA Auto Parts Property for $2.0 million
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant ...
FCPT Announces Acquisition of Five Outback Steakhouse Properties for $19.7 Million from a Repeat Seller
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant ...
Four Corners Is Overvalued Relative To Peers
Four Corners Property Trust is a well-managed restaurant REIT with strong historical growth, but its current valuation at 16X forward multiple seems driven by market extrapolation. The restaurant indu...
FCPT Announces Acquisition of a Raising Cane's Property, a Dollar General Property, and a Jiffy Lube Property for $6.6 Million
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant ...
FCPT Declares Fourth Quarter 2024 Dividend
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3550 per share (equivalent to ...
FCPT Announces Acquisition of a Miller's Ale House Property for $3.8 Million
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant ...
FCPT Announces Acquisition of Three Christian Brothers Automotive Properties for $9.6 Million
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant ...
Four Corners Property Trust, Inc. (FCPT) Q3 2024 Earnings Call Transcript
Four Corners Property Trust, Inc. (NYSE:FCPT) Q3 2024 Results Conference Call October 31, 2024 11:00 AM ET Company Participants Patrick Wernig - Manager, Investor Relations William Lenehan - Chief Ex...
FCPT Announces Third Quarter 2024 Financial and Operating Results
MILL VALLEY, Calif--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced financial results for the three and nine months ended September 30, 2024. M...
FCPT Announces Acquisition of a Tires Plus Property for $2.1 Million
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant ...
FCPT to Report Third Quarter 2024 Financial Results
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased res...
Four Corners Property Trust Delivered Solid Results And Continues Robust Investment Activity
FCPT has significantly reduced its tenant concentration from Darden Restaurants, which previously held a 51% share in FCPT's ABR as of March 2024. Q2 2024 results prove FCPT's quality, reflected in it...
Hurricane Helene: REIT Property Damage Report
Hurricane Helene caused significant flooding in Ashville, NC, and Atlanta, GA, impacting numerous REIT-owned properties, but the financial impact on REITs is likely less severe than it appears. REITs ...
FCPT Declares Third Quarter 2024 Dividend
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3450 per share (equivalent to ...
FCPT Announces Acquisition of 19 Bloomin' Brands Restaurant Properties for $66.4 Million
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant ...
Four Corners Property Trust, Inc. (FCPT) Q2 2024 Earnings Call Transcript
Four Corners Property Trust, Inc. (NYSE:FCPT) Q2 2024 Earnings Call August 1, 2024 11:00 AM ET Company Participants Patrick Wernig - Manager, Investor Relations Bill Lenehan - Chief Executive Officer...
FCPT Announces Second Quarter 2024 Financial and Operating Results
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced financial results for the three and six months ended June 30, 2024. Manage...
A Must-Read Net Lease Masterclass For REIT Investors
Net lease REITs provide efficient real estate capital for companies, creating wealth for shareholders, employees, and stakeholders. Business model transparency is key for value investing in net lease ...
Four Corners Property Trust: Staying Bullish On This High Yielding Retail-Centric REIT
Four Corners Property Trust's growth-by-acquisition strategy, geographic diversification, and balance through sector expansion position it for sustained growth, despite potential risks and headwinds. ...
FCPT Announces Acquisition of a Taco Bell Property for $1.7 Million
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant ...
Four Corners Property Trust Continues To Diversify With Lower Investment Volume
Four Corners Property Trust has made six acquisitions since the last review, diversifying away from its high tenant concentration. Top-tier business metrics include high occupancy rate, decent rent es...
FCPT Announces Acquisition of a Buffalo Wild Wings Property for $2.5 Million
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant ...
Thinking Outside The (Net Lease REIT) Box
Thinking outside the box involves looking at problems from a different perspective, such as using virtual reality to stimulate creativity. Realty Income has grown into a $73 billion REIT by thinking o...
FCPT to Report Second Quarter 2024 Financial Results
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased res...
FCPT Declares Second Quarter 2024 Dividend
MILL VALLEY, Calif.--(BUSINESS WIRE)--FCPT Declares Second Quarter 2024 Dividend.