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 O'Reilly Auto Parts property for $2.3 million. The property is located in a highly trafficked corridor in Illinois and is corporate-operated under a net lease with approximately five years of term remainin

FCPT Announces Acquisition of an O'Reilly Auto Parts Property for $2.3 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 Pathway Vet Alliance properties for $3.9 million. The properties consist of a Thrive Vet Care property and a dual-tenant property that is anchored by Eye Care for Animals and includes a space of approxima

FCPT Announces Acquisition of Two Vet Clinic Properties for $3.9 million

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

FCPT Announces Acquisition of a Gerber Collision Property for $1.7 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a National Tire and Battery (NTB) property and a Goodyear Tire property for $2.7 million. The properties are located in strong retail corridors in Louisiana and are corporate-operated. Both the NTB and the Goodyear properties are occup

FCPT Announces Acquisition of a Two Property Portfolio for $2.7 Million

Four Corners Property Trust is an up-and-coming net lease REIT that's benefited from its strategic focus on restaurant properties. It continues to demonstrate strong growth with healthy investment spreads, and has a robust pipeline.

Four Corners Property: Price Is What You Pay, Value Is What You Get

Four Corners Property Trust's (FCPT) CEO Bill Lenehan on Q2 2021 Results - Earnings Call Transcript

MILL VALLEY, Calif.--(BUSINESS WIRE)--FCPT Announces Acquisition of a Popeyes and a Bojangles Property for $4.6 million

FCPT Announces Acquisition of a Popeyes and a Bojangles Property for $4.6 Million

Four Corners Property (FCPT) delivered FFO and revenue surprises of -2.56% and 2.39%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Four Corners Property Trust (FCPT) Q2 FFO Miss Estimates

MILL VALLEY, Calif.--(BUSINESS WIRE)--FCPT Announces Acquisition of a BP / 7-Eleven property for $3.7 million

FCPT Announces Acquisition of a BP / 7-Eleven Property for $3.7 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--FCPT Announces Second Quarter 2021 Financial and Operating Results

FCPT Announces Second Quarter 2021 Financial and Operating Results

MILL VALLEY, Calif.--(BUSINESS WIRE)--FCPT Announces Acquisition of Two Service Kings for $6.2 Million

FCPT Announces Acquisition of Two Service Kings for $6.2 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of eight Sonic Drive-In properties for $10.6 million via a sale-leaseback transaction. The properties are located in Kentucky and are occupied under a triple net master lease to Soar QSR, a Sonic franchisee and subsidiary of CMG Companies

FCPT Announces Sale Leaseback of Eight Sonic Drive-In Properties for $10.6 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a dual-tenant property leased to Aspen Dental and Starbucks for $3.4 million. The properties are located in a strong retail corridor in Illinois and are under long term net leases with each brand's corporate tenant. The transaction was

FCPT Announces Acquisition of a Dual-Tenant Aspen Dental / Starbucks for $3.4 million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of an Outback Steakhouse property for $2.3 million. The property is located in a strong retail corridor in Florida and is corporate-operated under a net lease with approximately eight years of term remaining. The transaction was priced a

FCPT Announces Acquisition of an Outback Steakhouse Property for $2.3 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE: FCPT), a real estate investment trust (REIT) primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), announced today that it will release financial results for the three and six months ended June 30, 2021, after the market close on Wednesday, August 4, 2021. A conference call and audio webcast with analysts and investors will be held on Thursday, August 5 at 1:00 p.m.

FCPT to Report Second Quarter 2021 Financial Results

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of an Outback Steakhouse property for $1.9 million from a previously announced Brookfield Properties transaction. The property is located in a strong retail corridor in Washington and is franchisee-operated under a triple net lease with a

FCPT Announces Acquisition of an Outback Steakhouse Property from Brookfield Properties for $1.9 Million

Agree Realty

American Fin Tr Inc - Ordinary Shares - Class A

Broadstone Net Lease

CareTrust REIT

EPR Properties

Essential Properties Realty Trust Inc

Global Net Lease

Gladstone Commercial

Getty Realty

Innovative Industrial Properties

Industrial Logistics Properties

Gladstone Land

Lexington Realty

MGM Growth Properties

NETLease Corporate Real Estate ETF

National Health Investors

National Retail Properties

NETSTREIT Corp

Realty Income Corp

One Liberty Properties

Alpine Income Property Trust

Postal Realty Trust

Power REIT

Net lease real estate has become an asset class of its own, with more REITs popping up to take advantage of its efficient business model.

The Inaugural Net Lease REIT Report: Becoming An Asset Class Of Its Own

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Chase Bank property for $1.8 million from the Seritage transaction announced in October 2019 and expanded in August 2020. The property is located in a highly trafficked corridor in Louisiana and is corporate-operated under a triple-n

FCPT Announces Acquisition of a Chase Bank Property from Seritage Transaction for $1.8 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Burger King property for $1.7 million. The property is located in a highly trafficked retail corridor in Wisconsin and is occupied under a triple net lease to a franchisee with approximately 15 years of term remaining. The transactio

FCPT Announces Acquisition of a Burger King Property for $1.7 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Circle K property for $2.3 million. The property is located in a highly trafficked retail corridor in Illinois and is occupied under a triple net lease with the corporate operator. The lease has approximately four years of term remai

FCPT Announces Acquisition of a Circle K Property for $2.3 million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Mavis Discount Tire property for $1.7 million. The property is located in a highly trafficked retail corridor in Wisconsin and is occupied under a triple net lease to the brand's corporate entity with approximately six years of term

FCPT Announces Acquisition of a Mavis Discount Tire Property for $1.7 million

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Stanton Optical property for $2.1 million. The property is located in a highly trafficked retail corridor in Wisconsin and is occupied under a triple net lease to the brand's corporate entity with approximately seven years of term r

FCPT Announces Acquisition of a Stanton Optical Property for $2.1 Million

Apollo Investment

American Tower

Ares Capital

AvalonBay Communities

UBS ETRACS Wells Fargo Business Development Cmpn Indx ETN 2015-26.4.41 Lkd to Wells Fargo Business Dvlpmnt Indx Ser B

VanEck Vectors BDC Income ETF

TCG BDC

Capital Southwest

Equity LifeStyle Properties

Equity Residential

Essex Property Trust

Fidus Investment

FS KKR Capital Corp

Gladstone Investment

Golub Capital BDC

Gladstone Capital

Goldman Sachs BDC

Hercules Capital

Main Street Capital

Newtek Business Services

New Mountain Finance

Oaktree Specialty Lending

PennantPark Floating Rate Capital

BDCs have been easily outperforming other higher-yield sectors including REITs (short and longer term) and readers have been asking if there are any good ETF that track the sector. This article discusses the two most popular (and only ones that are not leveraged) which are VanEck Vectors BDC Income ETF and WF BDC Index ETN.

ETFs Are The Worst Way To Invest In This High-Yield Sector

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Chili's property for $2.8 million. The property is located in a strong retail corridor in Texas and is corporate-operated under a triple net lease with approximately nine years of term remaining. The transaction was priced at a 6.2%

FCPT Announces Acquisition of a Chili's Restaurant Property for $2.8 Million

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 $0.3175 per share (equivalent to $1.27 per share per annum) for the second quarter of 2021. The dividend is payable on July 15, 2021 to shareholders of record as of June 30, 2021. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant prop

FCPT Declares Second Quarter 2021 Dividend

News for Four Corners Property Trust Stock (FCPT)