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Four Corners Property Trust

FCPT

Four Corners Property Trust is a real estate investment trust (REIT) primarily focused on the ownership, acquisition, and leasing of restaurant and retail properties across the United States.

Market cap
$2.83B+4.2%
Revenue$300.8M+10.2%
Net income$116.5M+13.6%
EPS (diluted)$1.12+4.7%
Trailing twelve months · change vs. prior year

Earnings

Q2 2026 report

July 29, 2026

Next report

Date not yet announced

Financials

Q1 2026

Income statement

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Revenue$78.2M+9.4%
Net income$30.3M+16.0%
EPS (diluted)$0.28+7.7%

Balance sheet

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Cash & equivalents$29.6M+33.2%
Total debt$5.5M+38.5%
Total assets$3.0B+8.9%

Cash flow

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Operating cash flow$47.2M-8.5%

Valuation & ratios

Valuation

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Market cap$2.83B+4.2%
Enterprise value$2.81B+7.0%
P/E24.3×-0.5×
P/S9.4×0.0×

Profitability

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Net margin38.7%+1.2pp

Segments

By segment

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Real Estate Operations$69.8M+10.0%
Restaurant Operations$8.4M+4.5%
Other$11.0K-47.6%

By product

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Real Estate$69.8M+10.0%
Restaurant$8.4M+4.5%

Competitors

Profile

Four Corners Property Trust is a real estate investment trust (REIT) primarily focused on the ownership, acquisition, and leasing of restaurant and retail properties across the United States. The company specializes in net lease arrangements where tenants are responsible for most property-level operating expenses, providing a stable and long-term income stream. Originally spun off from Darden Restaurants, the firm actively manages a diversified portfolio of free-standing properties leased to high-quality national brands.

Competitive position

FCPT maintains a significant portfolio of high-quality, free-standing restaurant properties with a high percentage of investment-grade tenancy and long-term lease structures.

GeographiesUnited States
Customer segmentsEnterprise, Retailers, Restaurant Groups
Business modelTriple Net Lease (NNN), Franchisee Operator, UPREIT
SuppliersReal Estate Developers, Capital Markets, Commercial Banks, Municipal Zoning Authorities
CustomersDarden Restaurants, National Retail Chains, Casual Dining Operators, Quick Service Restaurant Brands
Listed2015
Employees543.0
CEOWilliam Howard Lenehan
Websitefcpt.com
FilingsSEC EDGAR

Questions, answered.

What is Four Corners Property Trust's market cap?
Four Corners Property Trust (FCPT) has a market capitalization of $2.8B and trades on NYSE.
What is Four Corners Property Trust's revenue and profitability?
Four Corners Property Trust generated $300.8M in trailing twelve-month revenue with net income of $116.5M, representing a net margin of 38.7%. These figures are based on the Q1 2026 filing.
Who are Four Corners Property Trust's competitors?
Four Corners Property Trust's key competitors include Realty Income Corporation, National Retail Properties, Essential Properties Realty Trust, and others. These companies compete in similar markets and product categories.
Who does Four Corners Property Trust partner with?
Four Corners Property Trust's notable partners include Darden Restaurants, Inc., Fitch Ratings, Moody’s Investor Service.
What subsidiaries does Four Corners Property Trust have?
Four Corners Property Trust's subsidiaries include Four Corners Operating Partnership, LP, Four Corners GP, LLC, Kerrow Holdings, LLC.
Where is Four Corners Property Trust headquartered?
Four Corners Property Trust is headquartered in United States of America and employs approximately 543 people. It has been publicly traded since 2015.