Four Corners Property Trust, Inc. (FCPT) Stock

Four Corners Property Trust, Inc. (FCPT) is a Real Estate stock trading at $25.22 (as of 2026-08-21), with a market capitalization of $2.77B and a trailing P/E of 23.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Four Corners Property Trust, Inc. is a real estate investment trust that acquires and leases restaurant properties. The company grows its portfolio by purchasing real estate intended to be leased on a net basis, primarily for use in the restaurant and retail industries.

Understand Four Corners Property Trust, Inc.: how it makes money

Four Corners Property Trust acquires and leases restaurant properties, and makes money mainly by earning rental income from tenants on a net basis.

FCPT’s profit engine is rent collection from its net-leased restaurant property portfolio, meaning tenant rental payments are the key driver of revenue.

Revenue by segment (latest quarter)
Rental$0.1B
Restaurant$0.0B
Other$0.0B

Business quality (Strong): Clear business model and a simple rent-focused revenue mix, but the provided segment information does not fully explain all remaining revenue within the quarter.

Valuation: At 22× earnings, FCPT trades 34% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Net leasing model focused on restaurant properties: The company primarily acquires and leases restaurant properties on a net basis for use in the restaurant and retail industries.
  • Growth approach built around acquisitions: FCPT seeks to grow its portfolio by acquiring additional real estate to lease.

Bear case

  • Concentration to restaurant and retail use: Because the company’s properties are primarily for the restaurant and retail industries, performance could be pressured if those tenants face challenges.
  • Limited visibility into non-rental revenue: The provided segment candidates show most revenue as rental-related, but the remaining portion of total revenue is not broken out in the supplied facts.
Valuation — source: SEC EDGAR (first-party)
Price$25.22
Market Cap$2.77B
P/E Ratio23.3
Price / Book1.71
Price / Sales9.03
DCF Value (model)$43.22
DCF Upside vs Price71.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$294.13M
Net Margin38.2%
Revenue Growth (YoY)7.7%
EPS Growth (YoY)-3.6%
Valuation vs Sector & Industry
Stock P/E23.3
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
vs Sector-14.1%
vs Industry-33.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($472.64M)
Institutional Holders Tracked10
Congressional Trades (recent)5
Company
SectorReal Estate
IndustryTrading
CEOWilliam Howard Lenehan
Employees536
CountryUS
IPO Date2015-11-10

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

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FCPT earnings history · FCPT institutional & insider holders · FCPT KPIs & operating metrics · FCPT financials · FCPT investor presentations & press releases · FCPT SEC filings · FCPT peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.