Four Corners Property Trust, Inc. (FCPT) vs NETSTREIT Corp. (NTST)

Four Corners Property Trust, Inc. and NETSTREIT Corp. are both Reit Retail companies. Four Corners Property Trust, Inc. and NETSTREIT Corp. are of similar size ($2.6B and $2.4B). Four Corners Property Trust, Inc. trades at the lower P/E: 21.6× against 87.2×. NETSTREIT Corp. grew revenue faster over the last twelve months: 27.1% against 10.2%. Four Corners Property Trust, Inc. has the higher net margin (37.5% vs 9.18%) and the higher return on invested capital (3.43% vs 1.52%). Both pay a dividend; Four Corners Property Trust, Inc. yields more (6.74% vs 4.68%). Across the 22 metrics below, Four Corners Property Trust, Inc. leads on 11 and NETSTREIT Corp. on 11.

Valuation

Metric FCPT NTST Reit Retail median
P/E 21.61 87.19 24.06
P/S 8.19 8.17 7.25
P/B 1.59 0.96 1.77
Price to free cash flow 9.84 n/m 17.80
EV/EBITDA 16.89 16.68 15.96
EV/Sales 13.14 13.02 10.99
Earnings yield 4.63% 1.15% 4.16%
Free cash flow yield 10.16% (37.55%) 3.05%

Profitability

Metric FCPT NTST Reit Retail median
Gross margin 85.77% 90.43% 71.84%
Operating margin 55.53% 32.49% 36.94%
Net margin 37.54% 9.18% 29.40%
Free cash flow margin 65.50% (306.90%) 21.18%
Return on equity 7.49% 1.31% 7.18%
Return on assets 3.86% 0.76% 3.65%
Return on invested capital 3.43% 1.52% 3.22%

Growth

Metric FCPT NTST Reit Retail median
Revenue growth (TTM) 10.16% 27.07% 8.64%
EPS growth (last fiscal year) 1.87% 150.00% 16.00%
Revenue growth, 5-year CAGR 11.46% 42.04% 8.62%
Net income growth, 5-year CAGR 7.76% 58.59% 1.85%

Health

Metric FCPT NTST Reit Retail median
Debt to equity 0.96 0.59 0.88
Current ratio 0.12 2.77 1.24
Net debt to EBITDA 5.26 7.56 5.40

Dividend

Metric FCPT NTST Reit Retail median
Dividend yield 6.74% 4.68% 4.14%
Payout ratio 1.46 4.10 1.07

Size

Metric FCPT NTST Reit Retail median
Market cap 2.60b 2.37b 4.04b

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