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Four Corners Property Trust, Inc.

FCPT Real Estate Reit Retail

Four Corners Property Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $294.1 million, up 9.72% from fiscal 2024.

Revenue
+12.9%
EPS
−5.82%
Free cash flow
+24.9%
Total debt
+29.2%

Quarter to September 2026, against a year earlier

23.48 0.20 −0.84%
Market cap
$2.6B
P/E
21.6×
Fwd P/E
20.4×
Dividend yield
6.74%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.78
Sold, $m 0.08
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 1 — 1 — — — — — 1
Sell — — 1 1 — — — — — — — —
Insider Ownership 1.15%

Capital & Financial Ratios $m

Size
Market Cap 2,600.00
Revenue ttm 315.93
Net income ttm 118.71
Free cash flow ttm 206.95
Net debt Q 1,561.96
Valuation
P/E 21.61
Forward P/E 20.40
Price / sales 8.19
Forward P/S Powerpack
Price / FCF 9.84
Price / book 1.59
Financial health
Current ratio Q 0.12
Debt / equity Q 0.96
Interest coverage Q 2.67
Growth
Revenue growth Q +12.86% (above 0%: growing)
Operating income growth Q +11.47% (above 0%: growing)
EPS, this year +2.79%
EPS, next year A +1.71%
Revenue, next year A +0.50%
EPS, past 5 yrs +0.18%
EPS, next 5 yrs A +1.64%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 13.1×, against a ten-year median of 14.5×; over the ten years it ranged from −2.9× in 2016 to 17.1× in 2020.
P/E against its own 10 years 38.10%
10-year low 10-year high
P/S against its own 10 years 3.30%
10-year low 10-year high
P/B against its own 10 years 4.91%
10-year low 10-year high
EV/Sales against its own 10 years 20.58%
10-year low 10-year high
EV/FCF against its own 10 years 10.76%
10-year low 10-year high

Dividends raised 5 years running

Yield
6.74%
Annual rate
1.59
Payout ratio
145.7%
Growth, 2018–26
+7.57%/yr
  1. 0.83 ’18
  2. 1.15 ’19 +39
  3. 1.54 ’20 +34
  4. 1.29 ’21 −16
  5. 1.34 ’22 +4
  6. 1.37 ’23 +2
  7. 1.39 ’24 +2
  8. 1.43 ’25 +3
  9. 1.48 ’26 +3
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 16 4 12 7
Receivables 65 69 72 74
Inventory — — — —
Other — — — —
81 73 84 81
2023 2024 2025 Q'26
Payables — — — —
ST’ Debt 671 622 622 623
Other — — — —
702 657 662 678

Compound Annual Growth %

10y 5y 3y
Sales 24.28% 11.46% 9.64%
Cash Flow 24.38% 16.02% 10.63%
Earnings 34.74% 7.76% 4.75%
Book Value 13.95% 14.05% 12.71%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.47 Actual 0.46

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.45 0.45 Met by 0.00
Q1 FY26 0.45 0.45 Met by 0.00
Q2 FY26 0.46 0.45 Miss by 0.01
Q3 FY26 0.47 0.46 Miss by 0.01
Q4 FY26 0.48 — Reports 10 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.28 0.27 0.26 — —
’25 0.26 0.28 0.28 0.28 1.09
’24 0.26 0.27 0.27 0.27 1.07
’23 0.27 0.27 0.27 0.27 1.07
’22 0.28 0.35 0.30 0.27 1.20
’21 0.27 0.26 0.28 0.30 1.11
’20 0.27 0.26 0.27 0.27 1.08
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 78 78 84 — —
’25 71 73 74 76 294
’24 66 66 67 68 268
’23 60 61 65 65 251
’22 54 55 56 57 223
’21 47 49 51 53 199
’20 42 41 43 45 171
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 47 51 61 — —
’25 52 44 49 48 192
’24 28 40 43 33 144
’23 38 48 43 36 165
’22 35 30 44 33 142
’21 32 27 35 28 122
’20 17 20 29 26 91
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 47 51 61 — —
’25 52 44 49 48 192
’24 28 40 43 33 144
’23 38 48 43 64 193
’22 35 30 44 58 167
’21 32 27 35 32 126
’20 17 20 29 26 91
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 124 133 144 160 171 199 223 251 268 294 316 +10.1% 296 344 354 +6.4%
Gross margin, % 85.60 85.79 86.46 86.76 88.54 85.15 83.96 83.94 84.86 85.38 85.77 (0.2) pt
EBT 77 72 83 73 78 85 98 96 101 113 119 +4.4%
EBT margin, % 61.69 53.96 57.92 45.69 45.52 42.74 43.97 38.14 37.64 38.35 37.80 (23.3) pt
Net income 157 72 83 73 78 86 98 95 101 112 119 (3.6%)
Per share, $
Per share, $ Revenue 2.18 2.20 2.24 2.34 2.40 2.60 2.74 2.83 2.86 2.86 2.89 +3.1%
Earnings 2.75 1.18 1.29 1.06 1.08 1.12 1.20 1.08 1.07 1.09 1.09 (9.8%)
Cash flow 1.24 1.30 1.26 1.53 1.28 1.60 1.74 1.87 1.54 1.87 1.89 +4.6%
Capex 0.00 0.00 0.00 0.00 0.00 0.04 0.31 0.31 0.00 0.00 0.00 n/m
Free cash flow 1.24 1.30 1.26 1.53 1.28 1.64 2.05 2.18 1.54 1.87 1.89 +4.6%
Book value 8.25 8.61 10.91 10.62 11.84 12.57 13.95 14.23 15.49 15.87 14.90 +7.5%
Shares, m 57 61 64 68 71 77 82 89 94 103 108 +6.8%
Valuation, ×
Valuation, × P/E 7.79 21.90 20.31 26.59 27.56 26.50 21.83 23.69 25.36 20.96 21.61 22.3
P/S 9.38 11.66 11.68 12.04 12.42 11.31 9.58 9.04 9.48 8.05 8.19 10.5
P/B 2.48 2.97 2.40 2.65 2.51 2.34 1.88 1.80 1.75 1.45 1.59 2.2
EV/Sales 12.71 15.05 15.33 16.19 16.82 15.73 13.92 13.41 13.71 12.10 13.14 14.5
EV/FCF 22.22 25.40 27.23 24.79 31.45 24.92 18.24 15.20 18.36 14.33 15.78 22.2
Cash, $m
Cash, $m Operating cash flow 71 79 81 105 91 122 142 165 144 192 207 +11.7%
Capex — — — — — 3 25 28 — — 56 +188.2%
Free cash flow 71 79 81 105 91 126 167 193 144 192 207 +11.7%
Balance, $m
Balance, $m Working capital 12 69 103 23 35 35 (513) (621) (584) (578) (597) n/m
Net debt 412 451 524 665 753 871 969 1,096 1,134 1,192 1,562 +12.5%
Shareholders’ equity 470 522 699 727 845 964 1,138 1,260 1,451 1,630 1,631 +14.8%
Returns, %
Returns, % ROA 16.80 7.12 6.83 5.21 4.97 4.79 4.77 4.10 3.94 4.03 3.86 (12.8) pt
ROIC 5.28 5.17 4.45 4.44 4.18 3.99 3.73 3.63 3.61 3.63 3.43 (1.7) pt
ROE 34.40 14.39 13.49 10.19 9.84 9.46 9.30 7.95 7.41 7.29 7.49 (27.1) pt
People
People Employees 324 342 361 361 349 461 543 516 536 496 — +4.8%
Revenue/emp, $m 0.38 0.39 0.40 0.44 0.49 0.43 0.41 0.49 0.50 0.59 — +5.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Four Corners Property Trust, Inc. vs peers in Reit Retail (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SKT Tanger Inc. $4.4B 34.5× 35.5× +11.15% (above 0%: growing) +7.41% (above 0%: growing) −86.16% (below 0%: shrinking) 70.92% 30.98% Compare
CURB Curbline Properties Corp. $3.6B 123× 124× +46.15% (above 0%: growing) −33.33% (below 0%: shrinking) +34.90% (above 0%: growing) 87.10% 19.31% Compare
UE Urban Edge Properties $2.8B 24.5× 38.3× −0.47% (below 0%: shrinking) +255.33% (above 0%: growing) −33.79% (below 0%: shrinking) 69.37% 31.85% Compare
AKR Acadia Realty Trust $2.8B 73.2× 40.9× −5.96% (below 0%: shrinking) n/m −369.83% (below 0%: shrinking) 72.23% 10.76% Compare
FCPT Four Corners Property Trust, Inc. $2.6B 21.6× 20.4× +12.86% (above 0%: growing) −5.82% (below 0%: shrinking) +24.85% (above 0%: growing) 85.95% 55.51%
IVT InvenTrust Properties Corp. $2.5B 85.4× 242× +16.99% (above 0%: growing) +211.25% (above 0%: growing) +118.86% (above 0%: growing) 72.94% 17.51% Compare
NTST NETSTREIT Corp. $2.4B 87.2× 55.6× +37.17% (above 0%: growing) +981.08% (above 0%: growing) −47.21% (below 0%: shrinking) 91.03% 35.20% Compare
GTY Getty Realty Corporation $1.9B 17.5× 18.3× +13.31% (above 0%: growing) 0.00% −1,107.74% (below 0%: shrinking) 95.96% 61.69% Compare
CBL CBL & Associates Properties, Inc. $1.5B 6.8× 15.6× +3.96% (above 0%: growing) +1,775.00% (above 0%: growing) +40.87% (above 0%: growing) 65.39% 30.53% Compare
Median of peers $2.6B 53.9× 39.6× +12.23% +211.25% −40.50% 72.59% 30.76%

All 26 Reit Retail stocks →

Pay and ownership Proxy statement filed 16 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 5.70m 2.04m 101.99
2024 4.62m 5.66m 114.11
2023 5.34m 4.03m 98.26
2022 3.63m 2.57m 110.91
2021 2.78m 1.92m 113.81

Ownership

Directors and executive officers, together 1.20%
BlackRock, Inc. 15.10%
FMR LLC 8.80%
State Street Corp 5.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Four Corners Property Trust, Inc. (FCPT) Latest News

30 Oct

Impact 3 · · MarketBeat

29 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby

28 Oct

Impact 4 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · Associated Press earnings

14 Oct

Impact 4 · · Business Wire

7 Oct

Impact 3 · · Business Wire

5 Oct

Impact 3 · · Simply Wall St.

31 Jul

Impact 3 · · MarketBeat transcript

30 Jul

Impact 4 · transcript

29 Jul

Impact 3 ·

28 Jul

Impact 3 ·

25 Jul

Impact 4 ·
Impact 3 ·

17 Jul

Impact 4 ·

16 Jul

Impact 4 ·

9 Jul

Impact 4 ·

12 Jun

Impact 4 ·

1 Jun

Impact 3 · · Zacks

29 May

Impact 4 · · Business Wire

1 May

Impact 4 · · MarketBeat
Impact 4 · · GuruFocus.com

30 Apr

Impact 4 · · Moby

29 Apr

Impact 3 · · Business Wire

26 Apr

Impact 3 · · Simply Wall St.

7 Apr

Impact 4 · · Zacks

6 Apr

Impact 4 · · Business Wire

2 Apr

Impact 4 · · Zacks

24 Mar

Impact 3 ·

FCPT metrics, ten years each

stockrow.com/FCPT · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com