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Four Corners Property Trust, Inc. logo

Four Corners Property Trust, Inc.

FCPT

NYSEReal EstateREIT - Retail

Open in GoAI

Previous close

$25.23

−$0.15 · -0.59%

Aug 21, 4:00 PM ET

Pre-market

$25.23

$0.00 · 0.00%

Aug 24, 5:58 AM ET

FCPT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

78

Undervalued

Momentum

46

Neutral

Sentiment

73

Bullish

Risk resilience

76

Moderate Risk

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Company profile

Company website

Four Corners Property Trust (FCPT), a real estate investment trust based in Mill Valley, California, specializes in acquiring and leasing properties primarily for restaurant operations. The company's strategy involves expanding its portfolio through the purchase of additional real estate, which it then net-leases to establishments within the restaurant and retail industries.

Industry
REIT - Retail
Sector
Real Estate
Headquarters
US
CEO
William Howard Lenehan
Listed since
Nov 10, 2015
Employees
496

Market position

Day range

Current $25.23

52-week range

Current $25.23

Open
$25.35
Previous close
$25.38
Volume
371.37K
0.48× average
Average volume
775.77K
Average daily volume
Market cap
2.77B USD
Beta
0.82
Market reference 1
50-day average
$25.2598
-0.12% below average
200-day average
$24.6853
+2.21% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
22.73×
P/B (TTM)
1.7×
P/S (TTM)
9.04×
Dividend yield
6.25%

Profitability & efficiency

Gross margin
92.87%
Operating margin
55.66%
Net margin
38.70%

Financial health

Debt / equity
0.78×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends101%78%55%32%Gross margin, FY2021: 85.15%Gross margin, FY2022: 83.96%Gross margin, FY2023: 83.94%Gross margin, FY2024: 84.86%Gross margin, FY2025: 95.39%Operating margin, FY2021: 58.85%Operating margin, FY2022: 56.39%Operating margin, FY2023: 54.64%Operating margin, FY2024: 55.65%Operating margin, FY2025: 55.71%Net margin, FY2021: 42.92%Net margin, FY2022: 43.81%Net margin, FY2023: 38.04%Net margin, FY2024: 37.48%Net margin, FY2025: 38.20%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 85.15%. Gross margin FY2022 83.96%. Gross margin FY2023 83.94%. Gross margin FY2024 84.86%. Gross margin FY2025 95.39%. Operating margin FY2021 58.85%. Operating margin FY2022 56.39%. Operating margin FY2023 54.64%. Operating margin FY2024 55.65%. Operating margin FY2025 55.71%. Net margin FY2021 42.92%. Net margin FY2022 43.81%. Net margin FY2023 38.04%. Net margin FY2024 37.48%. Net margin FY2025 38.20%.

Income trends

Revenue

294.13M USD+9.72%

Operating income

163.86M USD+9.85%

Net income

112.36M USD+11.84%
Income trends across reported periods314.99M USD231.57M USD148.15M USD64.73M USDRevenue, FY2021: 199.38M USDRevenue, FY2022: 223.19M USDRevenue, FY2023: 250.61M USDRevenue, FY2024: 268.07M USDRevenue, FY2025: 294.13M USDOperating income, FY2021: 117.34M USDOperating income, FY2022: 125.87M USDOperating income, FY2023: 136.94M USDOperating income, FY2024: 149.17M USDOperating income, FY2025: 163.86M USDNet income, FY2021: 85.58M USDNet income, FY2022: 97.77M USDNet income, FY2023: 95.34M USDNet income, FY2024: 100.47M USDNet income, FY2025: 112.36M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 199.38M USD. Revenue FY2022 223.19M USD. Revenue FY2023 250.61M USD. Revenue FY2024 268.07M USD. Revenue FY2025 294.13M USD. Operating income FY2021 117.34M USD. Operating income FY2022 125.87M USD. Operating income FY2023 136.94M USD. Operating income FY2024 149.17M USD. Operating income FY2025 163.86M USD. Net income FY2021 85.58M USD. Net income FY2022 97.77M USD. Net income FY2023 95.34M USD. Net income FY2024 100.47M USD. Net income FY2025 112.36M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue294.13M USD268.07M USD250.61M USD223.19M USD199.38M USD
Cost of goods sold13.56M USD40.6M USD40.26M USD35.81M USD29.6M USD
Gross profit280.57M USD227.47M USD210.35M USD187.38M USD169.78M USD
Selling, general, and administrative26.84M USD23.79M USD22.68M USD20.04M USD17.65M USD
Operating expenses116.71M USD78.3M USD73.41M USD61.51M USD52.48M USD
Interest expense51.87M USD49.23M USD44.61M USD36.41M USD32.56M USD
Depreciation and amortization60.42M USD54.51M USD50.73M USD41.47M USD34.83M USD
Operating income163.86M USD149.17M USD136.94M USD125.87M USD117.34M USD
Net income112.36M USD100.47M USD95.34M USD97.77M USD85.58M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

15 ratings
Strong buy00%
Buy533%
Hold1067%
Sell00%
Strong sell00%

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.4315

2025 complete year+11.4% since 2021

2026 partial: $0.8552

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Aug 31, 2026

$0.1222

Monthly

Record Aug 31, 2026 · Payment Sep 15, 2026

DividendUpcoming

Ex-dividend Sep 30, 2026

$0.1222

Monthly

Record Sep 30, 2026 · Payment Oct 15, 2026

Dividend

Ex-dividend Jul 31, 2026

$0.1222

Monthly

Record Jul 31, 2026 · Payment Aug 17, 2026

Dividend

Ex-dividend Jun 30, 2026

$0.3665

Quarterly

Record Jun 30, 2026 · Payment Jul 15, 2026

Dividend

Ex-dividend Mar 31, 2026

$0.3665

Quarterly

Record Mar 31, 2026 · Payment Apr 15, 2026

Dividend

Ex-dividend Dec 31, 2025

$0.3665

Quarterly

Record Dec 31, 2025 · Payment Jan 15, 2026

FCPT peers

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SPG

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DLR

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ETFs holding FCPT

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
167.34M
Weight
0.15%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.31+0.64%
Vanguard Real Estate ETF logoVanguard Real Estate ETFVNQ
Market value
106.89M
Weight
0.15%
AUM
73.1B USD
Expense ratio
0.13%
Price / 1D
$98.50-0.10%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
89.64M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
71.76M
Weight
0.09%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
32.28M
Weight
0.03%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
26.52M
Weight
0.18%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%
State Street SPDR Portfolio S&P 600 Small Cap ETF logoState Street SPDR Portfolio S&P 600 Small Cap ETFSPSM
Market value
26.16M
Weight
0.15%
AUM
17.03B USD
Expense ratio
0.03%
Price / 1D
$57.28+0.61%
Schwab U.S. REIT ETF logoSchwab U.S. REIT ETFSCHH
Market value
21.77M
Weight
0.19%
AUM
11.39B USD
Expense ratio
0.07%
Price / 1D
$24.04-0.08%

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