Four Corners Property Trust, Inc. (FCPT)
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.
Sector: Real Estate Investment Trusts
Industry: REIT - Retail
Four Corners Property Trust, Inc.
NYSE:FCPTReal Estate · REIT - Retail
+0.99%$22.37
AH Close$22.37+0.00%vs close
AH Close$22.37+0.00%vs close
Mkt Cap$2.46B
Float108.37M
O/S109.76M
Inst Own-
SI3.4%
Div Yield6.55%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$294.13M
Net Income$112.36M
Total Assets$2.92B
Free Cash Flow$192.28M
Debt & Equity
Debt 43%
Equity 57%
Total Debt$1.21B
Total Equity$1.63B
Shares Outstanding
Short Interest
Split History1 split
- 1.4:1Forward splitJan 14, 20161 share → 1.4
Balance Sheet Details
Assets$2.92B
Liabilities$1.29B
Accounts Receivable$5.8M
Accounts Payable$751K
Inventory$246K
PP&E (Net)$4.8M
Goodwill$0
Intangible Assets$129.37M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $294.13M | $268.07M | $250.61M | $223.19M | $199.38M | $170.94M | $160.23M | $143.63M | $133.21M | $124.02M | $33.46M | $17.7M | $16.91M | $16.52M |
| YoY Growth | 9.7% | 7.0% | 12.3% | 11.9% | 16.6% | 6.7% | 11.6% | 7.8% | 7.4% | 270.7% | 89.1% | 4.7% | 2.3% | - |
| Cost of Revenue | $13.56M | $40.6M | $40.26M | $35.81M | $29.6M | $19.59M | $21.21M | $19.01M | $18.65M | $17.85M | $17M | $14.77M | $16.13M | $13.67M |
| Gross Profit | $280.57M | $227.47M | $210.35M | $187.38M | $169.78M | $151.35M | $139.02M | $124.62M | $114.56M | $106.17M | $16.46M | $2.92M | $780K | $2.85M |
| Gross Margin | 95.4% | 84.9% | 83.9% | 84.0% | 85.2% | 88.5% | 86.8% | 86.8% | 86.0% | 85.6% | 49.2% | 16.5% | 4.6% | 17.3% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $1 | $1 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $26.84M | $23.79M | $22.68M | $20.04M | $17.65M | $15.05M | $13.93M | $13.64M | $12.26M | $10.98M | $1.86M | $2.17M | $0 | $2.15M |
| Other | $89.87M | $54.51M | $50.73M | $41.47M | $34.83M | $29.43M | $26.31M | $781K | $324K | $97K | $3.76M | $3.03M | $875K | $3.04M |
| Total Operating Expenses | $116.71M | $78.3M | $73.41M | $61.51M | $52.48M | $44.48M | $40.25M | $37.52M | $34.07M | $31.55M | $5.61M | $3.03M | $875K | $3.04M |
| Operating Income (EBIT) | $163.86M | $149.17M | $136.94M | $125.87M | $117.33M | $106.88M | $98.78M | $87.1M | $61.02M | $59.78M | $10.85M | -$110K | $95K | -$180K |
| Operating Margin | 55.7% | 55.6% | 54.6% | 56.4% | 58.9% | 62.5% | 61.6% | 60.6% | 45.8% | 48.2% | 32.4% | -0.6% | 0.6% | -1.1% |
| Interest Expense | $51.87M | $49.23M | $44.61M | $36.41M | $32.55M | $29.23M | $26.52M | $19.96M | $19.47M | $14.83M | $2.2M | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$51.07M | -$48.27M | -$41.35M | -$27.72M | -$32.09M | -$29.06M | -$25.57M | -$3.91M | -$8.84M | $1.89M | -$2.2M | $0 | $0 | $0 |
| Income Before Tax (EBT) | $112.79M | $100.9M | $95.59M | $98.14M | $85.21M | $77.81M | $73.2M | $83.19M | $71.87M | $76.5M | $8.64M | -$110K | -$95K | -$180K |
| Income Tax Expense | $303K | $308K | $130K | $237K | -$534K | $247K | $265K | $262K | -$18K | -$80.35M | $2.94M | -$142K | -$124K | -$141K |
| Net Income | $112.36M | $100.47M | $95.34M | $97.77M | $85.58M | $77.33M | $72.62M | $82.4M | $71.39M | $156.81M | $5.7M | $32K | $29K | -$39K |
| Net Income Margin | 38.2% | 37.5% | 38.0% | 43.8% | 42.9% | 45.2% | 45.3% | 57.4% | 53.6% | 126.4% | 17.0% | 0.2% | 0.2% | -0.2% |
| Supplementary Data | ||||||||||||||
| EPS | 1.09 | 1.07 | 1.08 | 1.20 | 1.12 | 1.08 | 1.06 | 1.29 | 1.18 | 2.75 | 0.11 | 0.00 | 0.00 | -0.00 |
| Diluted EPS | 1.09 | 1.07 | 1.07 | 1.20 | 1.11 | 1.08 | 1.06 | 1.28 | 1.18 | 2.63 | 0.11 | 0.00 | 0.00 | -0.00 |
| Weighted Average OS | 102.69M | 93.64M | 88.53M | 81.59M | 76.67M | 71.31M | 68.43M | 64.04M | 60.63M | 56.98M | 51.29M | 42.44M | 42.44M | 42.44M |
| EBITDA | $224.26M | $204.65M | $190.93M | $176.02M | $152.16M | $136.48M | $126.03M | $125.53M | $113.15M | $111.91M | $14.6M | $753K | $780K | $701K |
| EBITDA Margin | 76.2% | 76.3% | 76.2% | 78.9% | 76.3% | 79.8% | 78.7% | 87.4% | 84.9% | 90.2% | 43.7% | 4.3% | 4.6% | 4.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $12.14M | $4.08M | $16.32M | $26.3M | $6.3M | $11.06M | $5.08M | $92.04M | $64.47M | $26.64M | $98.07M | $7K | $7K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $12.14M | $4.08M | $16.32M | $26.3M | $6.3M | $11.06M | $5.08M | $92.04M | $64.47M | $26.64M | $98.07M | $7K | $7K |
| Accounts Receivable | $5.8M | $3.48M | $2.98M | $2.66M | $1.31M | $1.03M | $380K | $782K | $383K | $162K | $70K | $0 | $0 |
| Inventory | $246K | $221K | $238K | $7.8M | $252K | $2.95M | $196K | $183K | $186K | $202K | $198K | $113K | $165K |
| Other Current Assets | $0 | $0 | $8.46M | $0 | $0 | $0 | $0 | $1.2M | $4.91M | $0 | $0 | $0 | $0 |
| Total Current Assets | $20.91M | $10.52M | $30.55M | $40.13M | $12.29M | $19.34M | $10.72M | $96.82M | $71.94M | $26.64M | $98.07M | $182K | $224K |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $4.8M | $3.4M | $3.92M | $4.43M | $4.92M | $5.4M | $3.81M | $1.19B | $966.11M | $894.26M | $828.69M | $11.72M | $12.54M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $129.37M | $123.61M | $118.03M | $106.21M | $104.25M | $96.29M | $57.92M | $19M | $3.87M | $1.77M | $0 | $0 | $0 |
| Long-Term Investments | $0 | $2.44B | $8.46M | $35.28M | $1.72B | $0 | $1.97B | $1.8B | $1.56B | $1.48B | $165K | $0 | $0 |
| Deferred Tax Assets | $1.68M | $1.45M | $1.25M | $988K | $864K | $0 | -$1.45M | $1.34B | $1.07B | $937.15M | $208K | $38K | $31K |
| Other Long-Term Assets | $2.76B | $70.17M | $2.21B | $2.01B | $56.09M | $1.55B | -$591.21M | -$3.11B | -$2.6B | -$2.4B | $2.67M | $7K | $7K |
| Total Long-Term Assets | $2.9B | $2.64B | $2.34B | $2.16B | $1.89B | $1.65B | $1.44B | $1.25B | $996.72M | $910.51M | $831.36M | $11.77M | $12.58M |
| Other Assets | $0 | $0 | $77.24M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.92B | $2.65B | $2.45B | $2.2B | $1.9B | $1.67B | $1.45B | $1.34B | $1.07B | $937.15M | $929.44M | $11.95M | $12.81M |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $751K | $931K | $1.26M | $766K | $550K | $376K | $799K | $986K | $1.05M | $726K | $922K | $450K | $432K |
| Short-Term Debt | $0 | $0 | $50M | $9K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $2.5M | $2.52M | $1.54M | $0 | $0 | $0 | $0 | $0 | $0 | $2.01M | $407K | $407K |
| Current Unearned Revenue | $17.94M | $6.74M | $0 | $11.71M | $11.31M | $11.93M | $10.46M | $1.61M | $8.29M | $7.97M | $7.94M | $0 | $0 |
| Other Current Liabilities | $0 | $0 | -$43.29M | -$9K | $0 | $0 | $0 | $105K | -$6.75M | -$10.59M | -$2.8M | $342K | $262K |
| Total Current Liabilities | $70.13M | $53.28M | $49.71M | $47.18M | $40.87M | $38.18M | $34.55M | $24.25M | $27.97M | $14.52M | $3.89M | $1.33M | $1.21M |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $1.2B | $1.14B | $1.06B | $995.48M | $877.59M | $753.88M | $669.94M | $615.89M | $515.54M | $438.89M | $392.3M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $14.31M | $11.71M | $0 | $11.93M | $10.46M | $1.61M | $8.29M | $7.97M | $7.94M | $484K | $406K |
| Long-Term Deferred Tax Liabilities | $0 | $0 | -$1.48M | -$11.71M | $0 | $0 | -$3.54M | $817K | -$6.08M | $196K | $80.88M | $1.03M | $1.22M |
| Other Long-Term Liabilities | $10.18M | $5.96M | $65.93M | $11.03M | $13.07M | $11.27M | $1.75M | $2.28M | $9.63M | -$5.14M | $10.87M | $99K | $99K |
| Total Long-Term Liabilities | $1.22B | $1.15B | $1.14B | $1.01B | $898.22M | $785.5M | $684.77M | $619.89M | $518.42M | $452.51M | $487.8M | $1.62M | $1.73M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.89M | $0 | $0 |
| Total Liabilities | $1.29B | $1.2B | $1.19B | $1.06B | $939.09M | $823.68M | $719.33M | $644.13M | $546.39M | $467.03M | $487.8M | $2.95M | $2.94M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $11K | $10K | $9K | $9K | $8K | $8K | $7K | $7K | $6K | $6K | $4K | $9M | $9.87M |
| Retained Earnings | -$93.56M | -$57.73M | -$26.28M | $576K | $12.75M | $26.67M | $38.4M | $46.02M | $36.32M | $25.94M | $5.26M | $0 | $0 |
| Comprehensive Income & Other | $7.67M | $23.63M | $21.98M | $30.94M | -$9.82M | -$25.7M | -$3.54M | $5.96M | $4.48M | $207K | -$316K | -$3.86M | -$3.03M |
| Other Stockholders' Equity | $1.72B | $1.51B | $1.28B | $1.14B | $948.91M | $814.76M | $682.64M | $645.07M | $478.16M | $439.07M | $436.38M | $0 | $0 |
| Total Equity | $1.63B | $1.45B | $1.26B | $1.14B | $961.67M | $841.44M | $721.05M | $691.1M | $514.49M | $465.02M | $441.64M | $9M | $9.87M |
| Minority Interest | $2.11M | $2.18M | $2.21M | $2.26M | $2.22M | $3.06M | $5.69M | $7.87M | $7.78M | $5.1M | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.92B | $2.65B | $2.45B | $2.2B | $1.9B | $1.67B | $1.44B | $1.34B | $1.06B | $932.05M | $929.44M | $11.95M | $12.81M |
| Supplementary Data | |||||||||||||
| Total Debt | $1.21B | $1.14B | $1.12B | $1B | $885.15M | $762.3M | $674.34M | $615.89M | $515.54M | $438.89M | $392.3M | $0 | $0 |
| Net Debt | $1.2B | $1.14B | $1.1B | $974.32M | $878.85M | $751.24M | $669.26M | $523.85M | $451.07M | $412.25M | $294.23M | -$7K | -$7K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | $112.49M | $100.59M | $95.46M | $97.91M | $85.75M | $77.57M | $72.94M | $82.93M | $71.89M | $156.85M | $5.7M | $32K | $29K | -$39K |
| Depreciation & Amortization | $59.6M | $54.51M | $50.73M | $41.47M | $34.83M | $29.43M | $26.31M | $22.38M | $21.81M | $20.58M | $3.76M | $863K | $875K | $881K |
| Deferred Income Tax | -$231K | -$200K | -$259K | -$125K | -$864K | $0 | $0 | -$13.97M | -$196K | -$80.69M | $1.2M | -$194K | -$186K | -$168K |
| Stock-Based Compensation | $8.85M | $6.99M | $6.27M | $4.98M | $3.95M | $3.38M | $3.6M | $3.97M | $2.68M | $1.55M | $101K | $117K | $118K | $52K |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | -$7.58M | -$8.59M | -$9.21M | -$9.29M | -$9.54M | -$10.1M | -$1.5M | $97K | $0 | $53K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $52K | $0 | $26K |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $18K | $0 | -$70K |
| Other Working Capital | $5.67M | -$22.46M | $10.87M | $1.65M | $2.29M | -$13.76M | $8.82M | -$16.23M | -$8.99M | -$12.32M | $10.65M | -$39K | $64K | $51K |
| Total Working Capital Change | $5.67M | -$22.46M | $10.87M | $1.65M | -$5.29M | -$22.35M | -$388K | -$16.23M | -$8.99M | -$12.32M | $10.65M | $128K | $64K | $60K |
| Other Non-Cash Items | $5.91M | $4.67M | $2.03M | -$3.88M | $4.06M | $3.43M | $2.21M | $1.8M | -$8.24M | -$15.03M | $290K | $15K | $14K | $20K |
| Net Cash from Operating | $192.28M | $144.1M | $165.1M | $142M | $122.42M | $91.46M | $104.67M | $80.88M | $78.94M | $70.94M | $21.69M | $961K | $914K | $806K |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$247.05M | -$95.11M | -$83.26M | -$556K | -$55K | -$26K | -$131K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | -$813K | $0 | $0 | $96.47M | $76.18M | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$268.39M | -$230.53M | $0 | -$268.27M | -$97.42M | -$76.18M | -$556K | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $3.34M | $0 | $0 | $21.14M | $15.64M | $24.09M | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$325.25M | -$272.92M | -$312.79M | -$270.9M | $129K | $2.27M | -$207.35M | $81K | -$4.91M | -$150K | $556K | -$55K | -$26K | -$131K |
| Net Cash from Investing | -$325.25M | -$272.92M | -$312.79M | -$270.9M | -$264.92M | -$229.07M | -$207.35M | -$247.05M | -$85.32M | -$59.32M | -$556K | -$55K | -$26K | -$131K |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$70M | -$24M | -$116M | -$119M | -$126M | -$83M | -$52M | -$100M | -$77.69M | -$37.92M | -$400M | - | - | - |
| Common Stock Issuance | $225.23M | $215.91M | $153.4M | $141.83M | $116.51M | $151.75M | $47.23M | $161.86M | $32.15M | $640K | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$393K | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$143.98M | -$128.11M | -$119.72M | -$107.54M | -$96.9M | -$86.33M | -$78.49M | -$69.49M | -$58.7M | -$121.6M | -$314.99M | $0 | $0 | $0 |
| Other Financing Activities | -$10.22M | -$3.69M | -$3.51M | -$4.39M | -$7.87M | -$4.82M | -$6.22M | -$2.33M | -$6.95M | $0 | -$8.09M | -$906K | -$888K | -$675K |
| Net Cash from Financing | $141.03M | $108.11M | $146.18M | $148.9M | $137.74M | $143.6M | $14.52M | $190.03M | $44.2M | -$83.05M | $76.93M | -$906K | -$888K | -$675K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $8.06M | -$20.7M | -$1.51M | $20M | -$4.76M | $5.98M | -$88.16M | $23.87M | $37.82M | -$71.43M | $98.07M | $0 | $0 | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $192.28M | $144.1M | $165.1M | $142M | $122.42M | $91.46M | $104.67M | $80.88M | $78.94M | $70.94M | $21.69M | $961K | $914K | $806K |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$247.05M | -$95.11M | -$83.26M | -$556K | -$55K | -$26K | -$131K |
| Free Cash Flow | $192.28M | $144.1M | $165.1M | $142M | $122.42M | $91.46M | $104.67M | -$166.16M | -$16.17M | -$12.32M | $21.14M | $906K | $888K | $675K |
| Cash at Beginning | $4.08M | $24.78M | $26.3M | $6.3M | $11.06M | $5.08M | $93.24M | $69.37M | $26.64M | $98.07M | $7K | $7K | $7K | $7K |
| Cash at End | $12.14M | $4.08M | $24.78M | $26.3M | $6.3M | $11.06M | $5.08M | $93.24M | $64.47M | $26.64M | $98.07M | $7K | $7K | $7K |