Four Corners Property Trust

Four Corners Property Trust, Inc. engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the following business segments: Real Estate Operations and Restaurant Operations. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties. The Restaurant Operations segment consists of the Kerrow Restaurant operating business. The company was founded on July 2, 2015 and is headquartered in Mill Valley, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Four Corners Property Trust (FCPT) excels in Q4 2022, eyes growth opportunities

FCPT's Q4 2022 performance showcased robust financial metrics, including strong AFFO growth and increased cash rental revenues.
While facing minor challenges such as margin pressures and higher interest expenses, the company remains well-positioned to leverage opportunities for growth and operational enhancements.
With a focus on strategic acquisitions, operational investments, and team expansion, FCPT is poised for continued success in the real estate market.

FCPT excels in Q2 with strong portfolio performance and strategic acquisitions

FCPT's Q2 performance reflects a robust real estate portfolio, marked by high occupancy rates, revenue growth, and strategic acquisitions in key sectors.
Despite challenges in debt markets, the company's prudent financial management and successful debt issuance demonstrate resilience and adaptability.
With a focus on maintaining financial stability and seizing growth opportunities, FCPT is well-positioned to navigate market dynamics and drive long-term value creation.

FCPT reports solid Q3 performance amidst capital challenges and growth opportunities

FCPT's Q3 performance reflects stability and growth, supported by strong financial metrics and high occupancy rates.
While facing challenges in the capital market environment, the company maintains a disciplined approach to capital allocation.
Opportunities lie in the positive performance of the restaurant sector and strategic capital sources for future growth and value creation.

Four Corners Property Trust reports resilient Q4 performance and strategic focus

FCPT's Q4 performance reflects growth in AFFO, record acquisitions, and strategic portfolio optimization despite challenges like slowed acquisition activity and broken deal costs.
The company's strengths lie in its strong capital position, disciplined capital allocation strategy, and focus on quality acquisitions, while challenges include managing debt ratios and deal costs.
Opportunities for FCPT include strategic acquisitions in the current market landscape, leveraging its financial strength for growth, and proactive debt management for sustained stability and value creation.

FCPT reports solid Q1 earnings, navigates challenges with strategic focus

FCPT's Q1 2024 earnings call showcased a robust financial performance, underpinned by strong metrics and prudent financial decisions. While facing challenges in acquisition activity and tenant management, the company remains focused on leveraging opportunities for growth and optimizing its portfolio. With key leadership changes and a clear strategic direction, FCPT is poised for continued success in the real estate sector.

FCPT reports strong Q3 earnings, poised for strategic growth

Four Corners Property Trust (FCPT) delivered a solid Q3 performance, acquiring properties and maintaining a strong portfolio. With minimal exposure to risky sectors, diversified brands, and a healthy balance sheet, FCPT is well-positioned for growth. The company's focus on disciplined investments and active pipeline signal future opportunities for expansion.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Four Corners Property Trust, Inc. engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the Real Estate Operations and Restaurant Operations segments. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties. The Restaurant Operations segment includes the Kerrow Restaurant operating business. The company was founded on July 2, 2015 and is headquartered in Mill Valley, CA.

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of an Express Oil Change property for $1.5 million. The property is located in a highly trafficked corridor in Mississippi and is occupied under a triple net lease to the corporate entity with approximately elev

FCPT Announces Acquisition of an Express Oil Change Property for $1.5 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Red Lobster restaurant property for $2.4 million. The property is located in a strong retail corridor in Arizona and is occupied under a triple net lease to the corporate entity with approximately eight yea

FCPT Announces Acquisition of a Red Lobster Restaurant Property for $2.4 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Smokey Bones restaurant property for $4.4 million. The property is located in a strong retail corridor in Illinois and is occupied under a triple net lease to the corporate entity with approximately twelve

FCPT Announces Acquisition of a Smokey Bones Restaurant Property for $4.4 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Fresenius property for $2.7 million. The property is located in a strong medical corridor in Michigan and is corporate operated under a net lease with approximately six years of term remaining. The transact

FCPT Announces Acquisition of a Fresenius Property for $2.7 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that Fitch Ratings has upgraded FCPT's long-term issuer rating to ‘BBB' from ‘BBB-‘ with a stable outlook. “The rating upgrade by Fitch underscores the quality and performance of our portfolio, the strength of our financial position, and our commitment to a conservative financial policy,” said CFO Gerry Morgan. “This is an important step in lowering our borrowing costs. We thank Fitch for acknow

FCPT Upgraded by Fitch Ratings to BBB with Stable Outlook

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3325 per share (equivalent to $1.33 per share per annum) for the first quarter of 2022. The dividend is payable on April 14, 2022 to shareholders of record as of March 31, 2022. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of res

FCPT Declares First Quarter 2022 Dividend

FCPT enjoyed solid performance during the pandemic, collecting nearly all rent and only abating 1% of ABR.

Four Corners Property Trust: Solid Performance In 2021, But There Are Reasons To Avoid

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Chili's restaurant property for $3.5 million. The property is located in a dense corridor in South Carolina and is occupied under a triple net lease by a franchisee operator with approximately four years of

FCPT Announces Acquisition of a Chili's Restaurant Property for $3.5 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two outparcel properties leased to Chili's and Verizon for $5.5 million. The properties are both located in a strong retail corridor in Colorado and are corporate-operated under net leases with a weighted ave

FCPT Announces Acquisition of Chili's and Verizon Outparcel Properties for $5.5 Million

Four Corners Property Trust, Inc. (FCPT) CEO Bill Lenehan on Q4 2021 Results - Earnings Call Transcript

Four Corners Property (FCPT) delivered FFO and revenue surprises of 2.50% and 0.81%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Four Corners Property Trust (FCPT) Surpasses Q4 FFO and Revenue Estimates

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced financial results for the three months and year ended December 31, 2021. Management Comments “FCPT closed out 2021 with over $70 million of acquisitions in the fourth quarter, high rent collection levels and strong AFFO per share growth of over 10% for the quarter and 8% for the year in total,” said CEO Bill Lenehan. “We continue to benefit from the expanded addressable

FCPT Announces Fourth Quarter 2021 Financial and Operating Results

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of an outparcel property leased to Truist Bank for $1.1 million. The property is located in a strong retail corridor in North Carolina and is corporate-operated under a triple net lease with 6 years of term rema

FCPT Announces Acquisition of a Truist Bank Outparcel Property for $1.1 million

Agree Realty

Realty Income Corp

Alpine Income Property Trust

Spirit Realty Capital

Investors have had a rough go of it so far this year, and the setup for the next month or so, and perhaps beyond, looks grim.

Raymond James Very Bullish on 5 Top High-Yielding, Inflation-Busting REITs

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today that it will release financial results for the three months and year ended December 31, 2021, after the market close on Wednesday, February 16, 2022. A conference call and audio webcast with analysts and investors will be held

FCPT to Report Fourth Quarter 2021 Financial Results

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), announced today the tax characterization of its 2021 common stock distributions as shown below. Record Date Payment Date Total Distribution ($ per share) Form 1099 Box 1a Ordinary Taxable Dividend ($ per share) Form 1099 Box 1b Qualified Taxab

FCPT Announces Tax Treatment of 2021 Distributions

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a VCA Animal Hospital property for $1.7 million. The property is located in a highly trafficked corridor in Michigan and is corporate-operated under a net lease with approximately 7 years of term remaining. T

FCPT Announces Acquisition of a VCA Animal Hospital Property for $1.7 million

Four Corners' (FCPT) recent spate of acquisitions reflect its efforts to bank on buyout opportunities and enhance its portfolio with real estate catering to the restaurant and non-restaurant industries.

Four Corners' (FCPT) 2021 Acquisition Volume Reaches $257M

MGM Growth Properties

STORE Capital

W. P. Carey

The Simplest Dividend Champions

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a dual-tenant DaVita Kidney Care and Nephrology Associates property for $4.5 million. The property is located in a strong retail corridor in Florida and is occupied under net leases with a weighted average si

FCPT Announces Acquisition of a Dual-Tenant DaVita Kidney Care and Nephrology Associates Property for $4.5 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Red Lobster restaurant property for $1.9 million. The property is located in a strong retail corridor in New York and is corporate-operated under a long-term, triple net ground lease with 8 years of term re

FCPT Announces Acquisition of a Red Lobster Restaurant Property for $1.9 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Caliber Collision property for $3.0 million. The property is located in a dense corridor in Pennsylvania and is corporate-operated with approximately eight years of term remaining. The transaction was price

FCPT Announces Acquisition of a Caliber Collision Property for $3.0 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Portillo's restaurant property for $3.3 million. The property is located in a strong retail corridor in Wisconsin and is occupied under a long-term triple net lease. The transaction was priced at a cap rate

FCPT Announces Acquisition of a Portillo's Restaurant Property from Seritage Transaction for $3.3 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two outparcel properties leased to Red Robin and AT&T for $2.8 million. The properties are located in strong retail corridors in Idaho and Missouri and are corporate-operated under net leases with an aver

FCPT Announces Acquisition of Red Robin and AT&T Outparcel Properties for $2.8 million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of three Mr. Tire properties for $2.5 million. The properties are located in dense corridors in Maryland and are under a master lease to the corporate entity with approximately 8 years of term remaining. The tra

News for Four Corners Property Trust Stock (FCPT)