Four Corners Property TrustFCPT
FCPT
About: Four Corners Property Trust Inc is a real estate investment trust predominantly engaged in the ownership, acquisition and leasing of restaurant and retail 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. The firm operates through two segments namely, real estate operations and restaurant operations. The real estate operations segment consists of rental revenues generated by leasing restaurant and retail properties to tenants. The restaurant operations segment is conducted through a taxable REIT subsidiary (TRS) and consists of Kerrow Restaurant Operating Business. The firm generates majority of the revenue from the real estate operations segment.
Employees: 543
0
Funds holding %
of 7,398 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
89% more repeat investments, than reductions
Existing positions increased: 125 | Existing positions reduced: 66
67% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 24
3% more funds holding
Funds holding: 292 [Q3] → 300 (+8) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
4% less call options, than puts
Call options by funds: $117K | Put options by funds: $122K
2.61% less ownership
Funds ownership: 103.72% [Q3] → 101.11% (-2.61%) [Q4]
5% less capital invested
Capital invested by funds: $2.8B [Q3] → $2.66B (-$145M) [Q4]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$30
5%
upside
Avg. target
$31
7%
upside
High target
$31
9%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Wells Fargo John Kilichowski 53% 1-year accuracy 8 / 15 met price target | 9%upside $31 | Overweight Maintained | 10 Mar 2025 |
Barclays Richard Hightower 62% 1-year accuracy 13 / 21 met price target | 5%upside $30 | Equal-Weight Maintained | 4 Feb 2025 |
Financial journalist opinion
Based on 6 articles about FCPT published over the past 30 days
Positive
Zacks Investment Research
1 day ago
FCPT Acquires Properties Through Sale-Leaseback, Diversifies Portfolio
FCPT announces the acquisition of multiple properties through a sale-leaseback as part of its diversification efforts.
Neutral
Business Wire
2 days ago
FCPT Announces Sale-Leaseback of Nine Burger King Properties from Ampler Restaurant Group for $19.9 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 nine Burger King properties for $19.9 million from Ampler Restaurant Group via sale-leaseback. The properties are located in strong retail corridors in Tennessee and are franchisee-operated under long-term, t.
Neutral
Business Wire
5 days ago
FCPT Announces Sale-Leaseback of a Portfolio of Six Whataburger Properties from MWB Restaurants for $16.8 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 six Whataburger properties for $16.8 million from MWB Restaurants via sale-leaseback. The properties are newly constructed and located in strong retail corridors in Alabama and franchisee-operated under long.
Positive
Zacks Investment Research
2 weeks ago
FCPT Acquires Properties Through Sale-Leaseback, Bolsters Portfolio
FCPT expands portfolio with a sale-leaseback acquisition for $10.1 million.
Neutral
Business Wire
2 weeks ago
FCPT Announces Sale Leaseback of Six Burger King Properties for $10.1 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 6 Burger King properties for $10.1 million via sale leaseback. The properties are located in highly-trafficked corridors in Texas and are each under long-term, triple net leases guaranteed by Burger King Corp.
Neutral
Business Wire
3 weeks ago
FCPT Declares First Quarter 2025 Dividend
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 $0.3550 per share (equivalent to $1.42 per share per annum) for the first quarter of 2025. The dividend is payable on April 15, 2025, to shareholders of record as of March 31, 2025. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of re.
Negative
Seeking Alpha
1 month ago
Four Corners Property: Slowing Growth, High Valuation And Concentration Risks Make It Hard To Recommend
Despite high occupancy rates and a robust balance sheet, the company's AFFO growth has slowed, and it trades at a premium valuation. The company's heavy reliance on a single tenant and high concentration in the restaurant sector make it riskier than its peers. Given its current valuation and exposure risks, I recommend a "hold" rating for Four Corners, as better opportunities exist in the triple net lease retail space.
Positive
Seeking Alpha
1 month ago
Four Corners Property: Have Your Diner Pay You Back
Four Corners Property Trust is a net lease REIT with a durable, e-commerce-resistant portfolio of nationally recognized tenants. FCPT demonstrates strong operational fundamentals with near-full occupancy, healthy rent coverage ratios, and steady growth in rental revenue and AFFO. It also has a solid balance sheet with ample liquidity, supporting accretive acquisitions and offering a well-covered dividend yield.
Neutral
Seeking Alpha
1 month ago
Four Corners Property Trust, Inc. (FCPT) Q4 2024 Earnings Call Transcript
Four Corners Property Trust, Inc. (NYSE:FCPT ) Q4 2024 Earnings Conference Call February 13, 2025 11:00 AM ET Company Participants Patrick Wernig - Chief Financial Officer Bill Lenehan - Chief Executive Officer Josh Zhang - Chief Investment Officer Conference Call Participants Anthony Paolone - JPMorgan Kyle Katorincek - Janney Montgomery Michael Goldsmith - UBS John Kilichowski - Wells Fargo Rich Hightower - Barclays Alec Feygin - Baird Mitch Germain - JMP Jim Kammert - Evercore Operator Good morning all, and thank you for joining us to the FCPT Fourth Quarter 2024 Financial Results Conference Call. My name is Carly, and I'll be coordinating your call today.
Positive
Zacks Investment Research
1 month ago
Four Corners Property Trust (FCPT) Beats Q4 FFO Estimates
Four Corners Property Trust (FCPT) came out with quarterly funds from operations (FFO) of $0.44 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to FFO of $0.43 per share a year ago.
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