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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. In the quarter to June 2026, revenue grew 7.65%, EPS fell 3.57%, free cash flow grew 15.8% and total debt rose 4.21%, each against the same quarter a year earlier. Revenue growth for ten consecutive years; insiders bought in the last twelve months.

21.99 0.19 +0.87%
Market cap
$2.4B
P/E
19.8×
Fwd P/E
20.9×
Dividend yield
8.39%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.55
Total sells 0.10
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — 1 1 — 1 — — — — —
Sell 1 — — 1 1 — — — — — — —
Insider Ownership 1.15%

Capital & Financial Ratios $m

Market Cap 2,390.00
Revenue 306.40
Net Income 118.71
Free Cash Flow 194.79
Net Debt 1,228.57
Current Ratio 0.14
Debt/Equity 0.77
P/E ratio 19.81
Fwd P/E 20.90
P/S ratio 7.86
P/B ratio 1.48
Past 5Y EPS Growth 0.18%
This Y EPS Growth 3.70%
Next Y EPS Growth 1.16%
Next Y revenue growth 9.88%
Next 5Y EPS Growth 1.71%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 11.9×, 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 26.43%
10-year low 10-year high
P/S against its own 10 years 1.28%
10-year low 10-year high
P/B against its own 10 years 0.90%
10-year low 10-year high
EV/Sales against its own 10 years 3.39%
10-year low 10-year high
EV/FCF against its own 10 years 1.51%
10-year low 10-year high

Dividends

Payout Ratio 1.66
Annual Dividend Rate 1.85
Annual Dividend Yield 8.39%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.48
0.37
0.37
0.12
0.12
0.12
0.13
0.13
0.13
2025 1.43
0.36
0.36
0.36
0.37
2024 1.39
0.35
0.35
0.35
0.36
2023 1.37
0.34
0.34
0.34
0.35
2022 1.34
0.33
0.33
0.33
0.34
2021 1.29
0.32
0.32
0.32
0.33
2020 1.54
0.31
0.31
0.31
0.31
0.32
2019 1.15
0.29
0.29
0.29
0.29
2018 0.83
0.28
0.28
0.28
2017 1.00
0.24
0.24
0.24
0.28
2016 1.17
0.20
0.24
0.24
0.24
0.24
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 16 4 12 25
Receivables 65 69 72 73
Inventory — — — —
Other — — — —
81 73 84 98
2023 2024 2025 Q'26
Payables — — — —
ST’ Debt 671 622 622 623
Other — — — —
702 657 662 703

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%

Revenue $m

Mar Jun Sep Dec Year
’26 78 78 — — —
’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 — — —
’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 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 0.28 0.27 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 14.09 20.23 21.28 24.97 12.80 25.57 22.67 20.51 22.38 22.80

Analyst estimates 2026–2028

Powerpack
High 24.00 26.96 28.54 29.85 32.50 30.10 30.13 29.30 30.93 29.81
People
People Employees 324 342 361 361 349 461 543 516 536 496
Revenue/emp, $m 0.38 0.39 0.40 0.44 0.49 0.43 0.41 0.49 0.50 0.59
Income, $m
Income, $m Revenue 124 133 144 160 171 199 223 251 268 294
Gross margin, % 85.60 85.79 86.46 86.76 88.54 85.15 83.96 83.94 84.86 85.38
EBT 77 72 83 73 78 85 98 96 101 113
EBT margin, % 61.69 53.96 57.92 45.69 45.52 42.74 43.97 38.14 37.64 38.35
Net income 157 72 83 73 78 86 98 95 101 112
Depreciation 22 24 26 28 27 36 44 53 57 63
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
Earnings 2.75 1.18 1.29 1.06 1.08 1.12 1.20 1.08 1.07 1.09
Cash flow 1.24 1.30 1.26 1.53 1.28 1.60 1.74 1.87 1.54 1.87
Capex 0.00 0.00 0.00 0.00 0.00 0.04 0.31 0.31 0.00 0.00
Free cash flow 1.24 1.30 1.26 1.53 1.28 1.64 2.05 2.18 1.54 1.87
Book value 8.25 8.61 10.91 10.62 11.84 12.57 13.95 14.23 15.49 15.87
Shares, m 57 61 64 68 71 77 82 89 94 103
Valuation, ×
Valuation, × P/E 7.79 21.90 20.31 26.59 27.56 26.50 21.83 23.69 25.36 20.96
P/S 9.38 11.66 11.68 12.04 12.42 11.31 9.58 9.04 9.48 8.05
P/B 2.48 2.97 2.40 2.65 2.51 2.34 1.88 1.80 1.75 1.45
EV/Sales 12.71 15.05 15.33 16.19 16.82 15.73 13.92 13.41 13.71 12.10
EV/FCF 22.22 25.40 27.23 24.79 31.45 24.92 18.24 15.20 18.36 14.33
Cash, $m
Cash, $m Operating cash flow 71 79 81 105 91 122 142 165 144 192
Capex — — — — — 3 25 28 — —
Free cash flow 71 79 81 105 91 126 167 193 144 192
Balance, $m
Balance, $m Working capital 12 69 103 23 35 35 (513) (621) (584) (578)
Total debt 439 516 616 670 764 878 995 1,113 1,138 1,204
Net debt 412 451 524 665 753 871 969 1,096 1,134 1,192
Shareholders’ equity 470 522 699 727 845 964 1,138 1,260 1,451 1,630
Returns, %
Returns, % ROA 16.80 7.12 6.83 5.21 4.97 4.79 4.77 4.10 3.94 4.03
ROIC 5.28 5.17 4.45 4.44 4.18 3.99 3.73 3.63 3.61 3.63
ROE 34.40 14.39 13.49 10.19 9.84 9.46 9.30 7.95 7.41 7.29
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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. $4.1B 31.9× 35.3× +11.15% (above 0%: growing) +7.41% (above 0%: growing) −86.16% (below 0%: shrinking) 70.92% 30.98% Compare
CURB Curbline Properties Corp. $3.1B 98.2× 183× +52.88% (above 0%: growing) −40.00% (below 0%: shrinking) −167.77% (below 0%: shrinking) 87.51% 19.18% Compare
AKR Acadia Realty Trust $2.6B 54.7× 54.2× −5.14% (below 0%: shrinking) +400.00% (above 0%: growing) +93.19% (above 0%: growing) 68.80% 23.76% Compare
UE Urban Edge Properties $2.6B 36.1× 42.4× +7.62% (above 0%: growing) −69.57% (below 0%: shrinking) −84.13% (below 0%: shrinking) 70.52% 31.44% Compare
FCPT Four Corners Property Trust, Inc. $2.4B 19.8× 20.9× +7.65% (above 0%: growing) −3.57% (below 0%: shrinking) +15.78% (above 0%: growing) 85.43% 55.08%
IVT InvenTrust Properties Corp. $2.3B 151× 192× +12.62% (above 0%: growing) −98.39% (below 0%: shrinking) −134.17% (below 0%: shrinking) 72.76% 15.29% Compare
NTST NETSTREIT Corp. $1.8B 120× 60.6× +26.92% (above 0%: growing) +50.00% (above 0%: growing) −756.51% (below 0%: shrinking) 90.67% 32.17% Compare
GTY Getty Realty Corporation $1.8B 17.2× 22.6× +10.88% (above 0%: growing) +50.00% (above 0%: growing) −85.46% (below 0%: shrinking) 96.01% 59.10% Compare
CBL CBL & Associates Properties, Inc. $1.5B 7.0× 14.9× +3.96% (above 0%: growing) +1,775.00% (above 0%: growing) +40.87% (above 0%: growing) 65.39% 30.53% Compare
Median of peers $2.5B 45.4× 48.3× +11.02% +28.71% −85.81% 71.84% 30.76%

All 26 Reit Retail stocks →

Four Corners Property Trust, Inc. (FCPT) key facts

  • Strength: Four Corners Property Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $294.1 million, up 9.72% from fiscal 2024.
  • Strength: Net income was $112.5 million, or $1.09 per share (basic), a net margin of 38.2%.
  • Four Corners Property Trust, Inc. (FCPT) is a Reit Retail company in the Real Estate sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, FCPT traded at $21.99, a market capitalization of $2.4 billion.
  • At that price the stock trades at 19.8× trailing-twelve-month earnings and 7.9× sales; its P/E is higher than 26% of its own readings over the past ten years.
  • Four Corners Property Trust, Inc. pays an annual dividend of $1.85 per share, a yield of 8.39%, with a payout ratio of 166.3%.
  • Return on equity was 7.29% and debt-to-equity 0.77.
  • Its Piotroski F-score is 7 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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

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stockrow.com/FCPT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com