Four Corners Property Trust, Inc. (FCPT) vs SITE CENTERS CORP. (SITC)

Four Corners Property Trust, Inc. and SITE CENTERS CORP. are both Reit Retail companies. Four Corners Property Trust, Inc. is the larger, with a market value of $2.4B against $158.5M — 15.3× the size. SITE CENTERS CORP. trades at the lower P/E: 1.3× against 20.0×. Four Corners Property Trust, Inc. grew revenue faster over the last twelve months: 9.65% against −58.6%. SITE CENTERS CORP. has the higher net margin (179.5% vs 38.7%) and the lower return on invested capital (−229.5% vs 3.74%). Both pay a dividend; Four Corners Property Trust, Inc. yields more (5.95% vs 4.08%). Across the 22 metrics below, SITE CENTERS CORP. leads on 15 and Four Corners Property Trust, Inc. on 7.

Valuation

Metric FCPT SITC Reit Retail median
P/E 20.00 1.27 24.82
P/S 7.93 2.25 6.69
P/B 1.50 0.57 1.75
Price to free cash flow 9.69 0.23 13.29
EV/EBITDA 15.42 n/m 15.42
EV/Sales 11.94 2.36 10.60
Earnings yield 5.00% 78.76% 3.91%
Free cash flow yield 10.32% 443.19% 2.98%

Profitability

Metric FCPT SITC Reit Retail median
Gross margin 85.60% 61.50% 71.78%
Operating margin 55.70% (210.81%) 34.62%
Net margin 38.70% 179.48% 27.14%
Free cash flow margin 63.57% 998.59% 18.82%
Return on equity 7.64% 33.27% 7.05%
Return on assets 4.12% 19.32% 3.40%
Return on invested capital 3.74% (229.47%) 3.18%

Growth

Metric FCPT SITC Reit Retail median
Revenue growth (TTM) 9.65% (58.57%) 8.49%
EPS growth (last fiscal year) 1.87% (65.61%) —
Revenue growth, 5-year CAGR 11.46% (23.12%) 8.62%
Net income growth, 5-year CAGR 7.76% 63.57% 1.85%

Health

Metric FCPT SITC Reit Retail median
Debt to equity 0.77 0.00 0.94
Current ratio 0.14 8.22 1.62
Net debt to EBITDA 5.26 2.11 5.40

Dividend

Metric FCPT SITC Reit Retail median
Dividend yield 5.95% 4.08% 4.57%
Payout ratio 1.22 1.08 1.21

Size

Metric FCPT SITC Reit Retail median
Market cap 2.43b 158.48m 3.65b

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