Four Corners Property Trust Inc Stock Research

Market Summary

USD25.43-0.43

Market Closed

-1.66%

FCPT Stock Price

FCPT RSI Chart

FCPT Valuation

Market Cap

2.2B

Price/Earnings (Trailing)

22.19

Price/Sales (Trailing)

9.57

Price/Free Cashflow

-14.48

FCPT Price/Sales (Trailing)

FCPT Profitability

Return on Equity

8.59%

Return on Assets

4.45%

Free Cashflow Yield

-6.9%

FCPT Fundamentals

FCPT Revenue

Revenue (TTM)

228.7M

Revenue Y/Y

10.21%

Revenue Q/Q

4.51%

FCPT Earnings

Earnings (TTM)

98.6M

Earnings Y/Y

3.9%

Earnings Q/Q

1.12%

Price Action

52 Week Range

22.6729.44

(Low)(High)

Last 7 days

-1.4%

Last 30 days

0.5%

Last 90 days

-8.1%

Trailing 12 Months

-4.9%

FCPT Financial Health

FCPT Investor Care

Dividend Yield

5.35%

Dividend/Share (TTM)

1.36

Shares Dilution (1Y)

7.12%

Diluted EPS (TTM)

1.2

Peers (Alternatives to Four Corners Property Trust)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
PSA	49.7B	4.3B	-2.38%	-8.70%	11.41	11.54	18.80%	113.99%
DLR	26.9B	4.9B	-5.55%	-30.20%	72	5.48	9.82%	-73.28%
EQR	22.5B	2.0B	-1.73%	-20.60%	24.54	11.4	-20.93%	-31.79%
ARE	19.0B	2.7B	-7.73%	-29.45%	25.35	7.1	18.91%	81.13%
KIM	13.2B	1.7B	-4.07%	-25.83%	104.43	7.61	15.49%	-81.09%
MID-CAP
FRT	7.0B	1.1B	-10.37%	-21.58%	18.01	6.42	10.19%	46.60%
KRG	4.2B	814.4M	-4.25%	-3.38%	464.25	5.22	63.41%	107.43%
VNO	2.5B	1.8B	-11.94%	-60.40%	-6.85	1.4	9.23%	-286.27%
MAC	2.0B	857.9M	-3.13%	-16.92%	-22.78	2.33	-1.75%	-315.36%
SMALL-CAP
SKT	2.1B	421.5M	9.61%	22.04%	23.61	4.98	1.34%	437.34%
SLG	1.4B	862.4M	-5.85%	-62.50%	-11.22	1.63	7.01%	-127.00%
AIV	1.2B	184.6M	4.04%	30.13%	12.55	6.26	2.55%	1950.56%
PGRE	936.2M	745.2M	2.62%	-50.85%	-24.61	1.26	2.17%	-183.81%

Financials for Four Corners Property Trust

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	2.5%	229	223	218	213	207
Operating Expenses	5.1%	102	97.00	93.00	90.00	87.00
S&GA Expenses	3.9%	21.00	20.00	19.00	18.00	18.00
Interest Expenses	4.2%	38.00	36.00	35.00	34.00	33.00
Net Income	0.9%	99.00	98.00	99.00	95.00	87.00
Net Income Margin	-2.9%	0.44*	0.45*	0.45*	0.42*	-
Free Cahsflow	-219.8%	-154	129	-143	-	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	0.0%	2,198	2,199	2,100	2,011	1,998
Cash Equivalents	19.4%	31.00	26.00	37.00	18.00	58.00
Liabilities	0.4%	1,065	1,060	1,031	1,019	1,023
Shareholder's Equity	-0.5%	1,133	1,138	1,069	992	975
Retained Earnings	-1055.4%	-5.50	1.00	7.00	10.00	8.00
Additional Paid-In Capital	0.8%	1,113	1,105	1,028	965	959
Shares Outstanding	0.5%	86.00	86.00	83.00	81.00	80.00
Minority Interest	-0.8%	2.00	2.00	2.00	2.00	2.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	2.2%	145	142	138	129	125
Share Based Compensation	5.4%	5.00	5.00	5.00	4.00	4.00
Cashflow From Investing	12.1%	-238	-270	-224	-271	-275
Cashflow From Financing	-55.6%	66.00	149	116	137	197
Dividend Payments	8.1%	116	108	107	-	-

Risks for FCPT

What is the probability of a big loss on FCPT?

33.9%

Probability that Four Corners Property Trust stock will be more than 20% underwater in next one year

19.6%

Probability that Four Corners Property Trust stock will be more than 30% underwater in next one year.

19.6%

Probability that Four Corners Property Trust stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FCPT drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Four Corners Property Trust was unfortunately bought at previous high price.

Drawdowns

Returns for FCPT

Cumulative Returns on FCPT

8.4%

7-Year Cumulative Returns

6.6%

5-Year Cumulative Returns

10%

3-Year Cumulative Returns

What are the long-term rolling returns for FCPT?

FIve years rolling returns for Four Corners Property Trust.

Annualized Returns

Which funds bought or sold FCPT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-23	Front Row Advisors LLC	unchanged	-	-	6,000	-%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-4.13	-90,431	12,833,600	-%
2023-05-19	Coppell Advisory Solutions LLC	sold off	-100	-596	-	-%
2023-05-18	JPMORGAN CHASE & CO	reduced	-2.3	97,000	8,085,000	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-20.71	-322,000	1,480,000	-%
2023-05-17	Thrivent Financial for Lutherans	added	25.18	1,957,000	8,554,000	0.02%
2023-05-17	VIRGINIA RETIREMENT SYSTEMS ET AL	added	126	507,876	863,469	0.01%
2023-05-16	Rockefeller Capital Management L.P.	sold off	-100	-6,000	-	-%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	new	-	1,202,920	1,202,920	-%
2023-05-16	Red Tortoise LLC	added	22.81	804	3,760	-%

Latest Funds Activity

Are funds buying FCPT calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own FCPT

No. of Funds

Four Corners Property Trust News

Schedule 13G FIlings of Four Corners Property Trust

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	11.68%	9,799,966	SC 13G/A
Feb 03, 2023	state street corp	5.74%	4,812,491	SC 13G/A
Feb 01, 2023	victory capital management inc	6.01%	5,028,036	SC 13G
Jan 26, 2023	blackrock inc.	18.7%	15,682,098	SC 13G/A
Jan 20, 2023	blackrock inc.	18.7%	15,682,098	SC 13G/A
Feb 11, 2022	state street corp	5.41%	4,186,265	SC 13G
Feb 10, 2022	fmr llc	-	0	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Jan 27, 2022	blackrock inc.	19.3%	14,963,276	SC 13G/A

FCPT Fair Value

Four Corners Property Trust fair value in different scenarios

The table shows the Fair Value estimates for Four Corners Property Trust for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	23.17 -8.89%	28.71 12.90%	37.54 47.62%	48.24 89.70%	59.81 135.19%
Current Inflation	21.32 -16.16%	26.00 2.24%	33.31 30.99%	42.17 65.83%	51.78 103.62%
Very High Inflation	19.05 -25.09%	22.74 -10.58%	28.36 11.52%	35.19 38.38%	42.62 67.60%

Historical Four Corners Property Trust Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Four Corners Property Trust

View All Filings

Date Filed	Form Type	Document
May 24, 2023	8-K	Current Report
May 02, 2023	10-Q	Quarterly Report
May 01, 2023	8-K	Current Report
Apr 21, 2023	DEF 14A	DEF 14A
Apr 21, 2023	DEFA14A	DEFA14A
Apr 17, 2023	4	Insider Trading
Apr 17, 2023	4	Insider Trading
Apr 17, 2023	4	Insider Trading
Apr 17, 2023	4	Insider Trading
Apr 17, 2023	4	Insider Trading

Latest Insider Trading transactions for FCPT

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-04-14	Lenehan William H	acquired	-	-	1,296	president and ceo
2023-04-14	Brat James L	acquired	-	-	647	chief operations officer
2023-04-14	Morgan Gerald R	acquired	-	-	344	chief financial officer
2023-04-14	Tennican Elizabeth	acquired	-	-	141	-
2023-04-14	Jesuele Barbara Angelica Faylona	acquired	-	-	15.00	-
2023-04-14	Stewart Niccole	acquired	-	-	212	chief accounting officer
2023-04-14	MOODY JOHN S	acquired	-	-	92.00	-
2023-04-14	Steele Toni S	acquired	-	-	141	-
2023-04-14	Jemley Charles	acquired	-	-	280	-
2023-04-14	Ogilvie Marran H.	acquired	-	-	413	-

About Four Corners Property Trust

William H. Lenehan

www.fourcornerspropertytrust.com

460

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.

FCPT Income Statement

2023-03-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Revenues:
Rental revenue	$ 52,197	$ 46,903
Restaurant revenue	7,755	7,494
Total revenues	59,952	54,397
Operating expenses:
General and administrative	6,055	5,269
Depreciation and amortization	12,176	9,704
Total operating expenses	28,693	23,705
Interest expense	(9,918)	(8,375)
Other income	300	57
Realized gain on sale	1,562	0
Income tax expense	(48)	(88)
Net income	23,155	22,286
Net income attributable to noncontrolling interest	(31)	(31)
Net Income Available to Common Shareholders	$ 23,124	$ 22,255
Basic net income per share (in usd per share)	$ 0.27	$ 0.28
Diluted net income per share (in usd per share)	$ 0.27	$ 0.28
Weighted average number of common shares outstanding:
Basic (in shares)	85,833,602	80,195,140
Diluted (in shares)	86,095,554	80,346,024
Dividends declared per common share (in usd per share)	$ 0.3400	$ 0.3325
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]	Restaurant Revenue [Member]	Restaurant Revenue [Member]
Property
Operating expenses:
Expenses	$ 3,167	$ 1,849
Restaurant
Revenues:
Restaurant revenue	7,755	7,494
Operating expenses:
Expenses	$ 7,295	$ 6,883

FCPT Balance Sheet

2023-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Real estate investments:
Land	$ 1,124,878	$ 1,115,827
Buildings, equipment and improvements	1,549,401	1,539,875
Total real estate investments	2,674,279	2,655,702
Less: Accumulated depreciation	(714,686)	(706,702)
Total real estate investments, net	1,959,593	1,949,000
Intangible lease assets, net	102,113	106,206
Total real estate investments and intangible lease assets, net	2,061,706	2,055,206
Real estate held for sale	0	7,522
Cash and cash equivalents	31,399	26,296
Straight-line rent adjustment	61,650	61,027
Derivative assets	27,888	35,276
Deferred tax assets	1,033	988
Other assets	13,828	12,272
Total Assets	2,197,504	2,198,587
Liabilities:
Long-term debt, net of deferred financing costs	996,041	995,477
Dividends payable	29,203	29,064
Rent received in advance	12,876	11,710
Derivative liabilities	658	9
Other liabilities	25,759	24,017
Total liabilities	1,064,537	1,060,277
Equity:
Preferred stock, par value 0.0001 per share; 25,000,000 authorized, zero shares issued and outstanding	0	0
Common stock, par value 0.0001 per share; 500,000,000 shares authorized, 86,088,900 and 85,637,293 shares issued and outstanding, respectively	9	9
Additional paid-in capital	1,112,936	1,104,522
Retained earnings (accumulated deficit)	(5,503)	576
Accumulated other comprehensive income	23,285	30,944
Noncontrolling interest	2,240	2,259
Total equity	1,132,967	1,138,310
Total Liabilities and Equity	$ 2,197,504	$ 2,198,587