Four Corners Property Trust (FCPT) Financials

$25.46 +0.05 (+0.18%)

Closing price 03:58 PM Eastern

Extended Trading

$25.45 0.00 (-0.02%)

As of 04:10 PM Eastern

Annual Income Statements for Four Corners Property Trust

This table shows Four Corners Property Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	5.70	157	71	82	73	77	86	98	95	100
Consolidated Net Income / (Loss)	5.70	157	72	83	73	78	86	98	95	101
Net Income / (Loss) Continuing Operations	5.70	157	61	-61	73	78	86	98	95	101
Total Pre-Tax Income	8.64	77	61	-60	73	78	85	98	96	101
Total Revenue	31	-15	-19	-4.69	135	142	167	195	208	220
Net Interest Income / (Expense)	-2.20	-15	-19	-20	-27	-29	-33	-36	-45	-49
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	2.20	15	19	20	27	29	33	36	45	49
Long-Term Debt Interest Expense	-	15	19	20	27	29	33	36	45	49
Total Non-Interest Income	33	0.00	0.32	15	161	171	200	232	253	269
Other Service Charges	-	-	0.32	-	0.94	-	0.04	0.54	-	0.96
Net Realized & Unrealized Capital Gains on Investments	-	-	-	15	21	0.00	27	8.14	2.34	0.00
Other Non-Interest Income	33	-	-	-	140	171	173	223	251	268
Total Non-Interest Expense	23	-75	-80	57	61	64	82	97	114	119
Other Operating Expenses	19	-95	-102	33	35	35	47	56	63	64
Depreciation Expense	3.76	21	22	24	26	29	35	41	51	55
Income Tax Expense	2.94	-80	-0.02	0.26	0.27	0.25	-0.53	0.24	0.13	0.31
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.04	0.50	0.53	0.32	0.24	0.16	0.14	0.12	0.12
Basic Earnings per Share	$0.92	$2.75	$1.18	$1.29	$1.06	$1.08	$1.12	$1.20	$1.08	$1.07
Weighted Average Basic Shares Outstanding	6.21M	56.98M	60.63M	64.04M	68.43M	71.31M	76.67M	81.59M	88.53M	93.64M
Diluted Earnings per Share	$0.91	$2.63	$1.18	$1.28	$1.06	$1.08	$1.11	$1.20	$1.07	$1.07
Weighted Average Diluted Shares Outstanding	6.26M	59.57M	60.70M	64.39M	68.63M	71.61M	76.84M	81.81M	88.75M	94.06M
Weighted Average Basic & Diluted Shares Outstanding	6.20M	57M	60.50M	63.90M	70.18M	76.11M	80.36M	86.09M	91.99M	99.97M
Cash Dividends to Common per Share	-	$0.97	$1.00	$1.11	$1.17	$1.23	$1.29	$1.34	$1.37	$1.39

This table shows Four Corners Property Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	25	23	23	24	24	24	24	25	26	26	26
Consolidated Net Income / (Loss)	25	23	23	24	24	24	24	25	26	26	26
Net Income / (Loss) Continuing Operations	25	23	23	24	24	24	24	25	26	26	26
Total Pre-Tax Income	25	23	23	24	24	25	24	25	26	26	26
Total Revenue	49	49	52	51	53	52	54	54	55	56	59
Net Interest Income / (Expense)	-9.18	-9.82	-9.92	-10	-12	-12	-12	-12	-12	-12	-13
Total Interest Income	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Expense	9.18	9.82	9.92	10	12	12	12	12	12	12	13
Long-Term Debt Interest Expense	9.18	9.82	9.92	10	12	12	12	12	12	12	13
Total Non-Interest Income	58	58	62	61	65	65	67	67	67	69	72
Other Service Charges	-	-	0.30	0.23	0.28	-	0.24	0.15	0.33	0.24	0.39
Other Non-Interest Income	56	57	60	61	65	65	66	66	67	68	71
Total Non-Interest Expense	24	25	29	27	29	29	30	30	29	30	33
Other Operating Expenses	14	14	17	15	16	15	17	16	15	16	18
Depreciation Expense	11	11	12	12	13	13	13	13	14	14	14
Income Tax Expense	-0.02	0.03	0.05	0.09	-0.09	0.08	0.03	0.09	0.09	0.11	0.06
Net Income / (Loss) Attributable to Noncontrolling Interest	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Basic Earnings per Share	$0.30	$0.27	$0.27	$0.27	$0.27	$0.27	$0.26	$0.27	$0.27	$0.27	$0.26
Weighted Average Basic Shares Outstanding	81.88M	81.59M	85.83M	87.37M	90.37M	88.53M	91.72M	91.81M	94.39M	93.64M	99.71M
Diluted Earnings per Share	$0.30	$0.27	$0.27	$0.27	$0.27	$0.26	$0.26	$0.27	$0.27	$0.27	$0.26
Weighted Average Diluted Shares Outstanding	82.12M	81.81M	86.10M	87.56M	90.60M	88.75M	91.93M	91.99M	94.88M	94.06M	100.07M
Weighted Average Basic & Diluted Shares Outstanding	83.89M	86.09M	87.03M	90.57M	90.57M	91.99M	91.99M	92.66M	96.73M	99.97M	100.47M
Cash Dividends to Common per Share	$0.33	$0.34	$0.34	$0.34	$0.34	$0.34	$0.35	$0.35	$0.35	$0.36	$0.36

This table details how cash moves in and out of Four Corners Property Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	98	-71	43	24	-88	5.98	-4.76	20	-1.51	-21
Net Cash From Operating Activities	22	71	79	81	105	91	122	142	165	144
Net Cash From Continuing Operating Activities	22	71	79	81	105	91	122	142	165	144
Net Income / (Loss) Continuing Operations	5.70	157	72	83	73	78	86	98	95	101
Consolidated Net Income / (Loss)	5.70	157	72	83	73	78	86	98	95	101
Depreciation Expense	3.76	21	22	24	26	29	35	41	51	55
Amortization Expense	0.27	1.59	2.14	1.83	2.05	2.13	2.37	2.10	2.31	2.60
Non-Cash Adjustments to Reconcile Net Income	1.32	-96	-8.05	-11	3.76	4.67	4.77	-1.14	5.73	8.86
Changes in Operating Assets and Liabilities, net	11	-12	-8.85	-16	-0.39	-22	-5.30	1.65	11	-22
Net Cash From Investing Activities	-0.56	-59	-80	-247	-207	-229	-265	-271	-313	-273
Net Cash From Continuing Investing Activities	-0.56	-59	-80	-247	-207	-229	-265	-271	-313	-273
Acquisitions	0.00	-0.15	-0.95	-	-2.20	1.46	0.13	0.38	0.51	0.10
Purchase of Investment Securities	-	-	-	-	-	-	-268	-296	-341	-273
Sale and/or Maturity of Investments	0.00	24	16	21	0.00	0.00	3.34	25	28	0.00
Net Cash From Financing Activities	77	-83	44	190	15	144	138	149	146	108
Net Cash From Continuing Financing Activities	77	-83	44	190	15	144	138	149	146	108
Issuance of Debt	400	45	161	125	52	302	291	183	245	302
Issuance of Common Equity	0.00	0.64	32	162	47	152	117	142	153	216
Repayment of Debt	-315	-7.08	-83	-26	0.00	-219	-165	-64	-129	-278
Repurchase of Common Equity	-	-	-	0.00	-3.17	-0.81	0.00	0.00	0.00	0.00
Payment of Dividends	-0.12	-122	-59	-70	-78	-86	-97	-108	-120	-128
Other Financing Activities, Net	-7.96	0.00	-6.95	-0.39	-3.06	-4.01	-7.87	-4.39	-3.51	-3.70
Cash Interest Paid	0.98	13	14	20	26	23	23	31	49	59
Cash Income Taxes Paid	0.00	2.17	0.56	0.47	0.59	0.60	0.31	0.33	0.37	0.45

This table details how cash moves in and out of Four Corners Property Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	15	-10	5.10	-20	5.10	8.48	1.98	-9.60	27	-40	18
Net Cash From Operating Activities	44	33	38	48	43	36	28	40	43	33	52
Net Cash From Continuing Operating Activities	44	33	38	48	43	36	28	40	43	33	52
Net Income / (Loss) Continuing Operations	25	23	23	24	24	24	24	25	26	26	26
Consolidated Net Income / (Loss)	25	23	23	24	24	24	24	25	26	26	26
Depreciation Expense	11	11	12	12	13	13	13	13	14	14	14
Amortization Expense	0.50	0.64	0.56	0.56	0.59	0.59	0.64	0.65	0.65	0.65	0.78
Non-Cash Adjustments to Reconcile Net Income	-0.20	1.17	0.66	1.87	1.50	1.71	2.12	2.21	2.27	2.26	3.19
Changes in Operating Assets and Liabilities, net	8.66	-3.05	1.38	9.74	3.43	-3.67	-13	-1.23	1.26	-9.81	6.97
Net Cash From Investing Activities	-64	-119	-10	-173	-121	-8.38	-16	-47	-73	-136	-58
Net Cash From Continuing Investing Activities	-64	-119	-10	-173	-121	-8.38	-16	-47	-73	-136	-58
Acquisitions	0.18	0.84	-0.98	-0.78	1.72	0.54	0.23	0.18	-0.51	0.21	-0.24
Purchase of Investment Securities	-72	-124	-21	-174	-133	-13	-17	-47	-73	-136	-58
Net Cash From Financing Activities	35	76	-22	105	83	-20	-9.20	-2.31	57	62	25
Net Cash From Continuing Financing Activities	35	76	-22	105	83	-20	-9.20	-2.31	57	62	25
Issuance of Debt	-	30	0.00	15	203	27	119	39	38	106	118
Issuance of Common Equity	62	76	8.91	119	-	25	6.90	2.39	116	91	0.00
Repayment of Debt	-	-	0.00	-	-88	-41	-100	-12	-65	-101	-48
Payment of Dividends	-27	-27	-29	-29	-31	-31	-32	-32	-32	-33	-35
Other Financing Activities, Net	-0.04	-2.20	-2.30	-0.04	-1.14	-0.04	-3.55	-0.04	-0.06	-0.04	-9.93
Cash Interest Paid	4.99	13	7.86	15	9.77	16	13	16	14	15	13
Cash Income Taxes Paid	0.05	-0.03	0.00	0.34	0.01	0.01	0.00	0.38	0.03	0.04	0.02

This table presents Four Corners Property Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	929	937	1,069	1,343	1,446	1,668	1,903	2,199	2,452	2,653
Cash and Due from Banks	98	27	64	92	5.08	11	6.30	26	16	4.08
Trading Account Securities	0.17	0.84	5.00	5.98	1.45	0.76	2.59	35	21	21
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	829	894	966	1,191	1,332	1,498	1,722	1,949	2,210	2,423
Intangible Assets	-	-	3.84	19	58	96	104	106	118	124
Other Assets	2.51	15	29	35	50	63	68	81	85	80
Total Liabilities & Shareholders' Equity	929	937	1,069	1,343	1,446	1,668	1,903	2,199	2,452	2,653
Total Liabilities	488	467	546	644	719	824	939	1,060	1,192	1,202
Short-Term Debt	0.48	-	-	-	5.01	19	-	0.01	2.97	0.47
Other Short-Term Payables	-	15	17	20	21	24	-	29	32	35
Long-Term Debt	392	439	516	616	670	754	878	995	1,113	1,138
Other Long-Term Liabilities	95	14	14	8.66	23	27	61	36	45	29
Total Equity & Noncontrolling Interests	442	470	522	699	727	845	964	1,138	1,260	1,451
Total Preferred & Common Equity	442	470	522	691	721	841	962	1,136	1,258	1,449
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	442	470	522	691	721	841	962	1,136	1,258	1,449
Common Stock	437	439	474	639	686	840	959	1,105	1,262	1,483
Retained Earnings	5.26	26	36	46	38	27	13	0.58	-26	-58
Accumulated Other Comprehensive Income / (Loss)	-0.32	0.21	4.48	5.96	-3.54	-26	-9.82	31	22	24
Noncontrolling Interest	0.00	-	-	7.87	5.69	3.06	2.22	2.26	2.21	2.18

This table presents Four Corners Property Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	2,100	2,198	2,338	2,456	2,463	2,486	2,564	2,711
Cash and Due from Banks	37	31	11	5.68	26	17	44	22
Trading Account Securities	36	28	28	31	24	24	14	15
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	1,846	1,960	2,107	2,206	2,216	2,252	2,307	2,470
Intangible Assets	107	102	114	122	116	114	118	120
Other Assets	72	77	77	89	79	77	79	83
Total Liabilities & Shareholders' Equity	2,100	2,198	2,338	2,456	2,463	2,486	2,564	2,711
Total Liabilities	1,031	1,065	1,083	1,202	1,198	1,225	1,210	1,278
Short-Term Debt	0.00	-	-	0.00	0.61	0.35	7.37	2.99
Other Short-Term Payables	27	-	-	31	32	32	33	35
Long-Term Debt	967	996	1,012	1,126	1,131	1,159	1,132	1,202
Other Long-Term Liabilities	37	68	71	45	35	34	37	38
Total Equity & Noncontrolling Interests	1,069	1,133	1,255	1,254	1,264	1,261	1,355	1,433
Total Preferred & Common Equity	1,066	1,131	1,253	1,251	1,262	1,259	1,353	1,431
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,066	1,131	1,253	1,251	1,262	1,259	1,353	1,431
Common Stock	1,028	1,113	1,234	1,235	1,268	1,272	1,390	1,482
Retained Earnings	6.77	-5.50	-13	-19	-34	-41	-49	-67
Accumulated Other Comprehensive Income / (Loss)	32	23	32	35	28	28	11	15
Noncontrolling Interest	2.27	2.24	2.20	2.24	2.21	2.20	2.17	2.16

This table displays calculated financial ratios and metrics derived from Four Corners Property Trust's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	76.62%	-147.45%	-29.11%	75.51%	2,972.46%	5.24%	18.05%	16.85%	6.58%	5.50%
EBITDA Growth	1,582.07%	547.02%	4.08%	-141.63%	386.05%	7.53%	12.08%	15.78%	4.23%	6.97%
EBIT Growth	7,957.27%	591.69%	2.61%	-199.81%	219.57%	6.07%	9.75%	15.18%	-3.54%	6.58%
NOPAT Growth	7,501.30%	2,050.73%	-49.94%	-169.85%	270.19%	6.11%	10.79%	14.19%	-3.44%	6.40%
Net Income Growth	17,709.38%	2,652.24%	-54.17%	15.35%	-12.05%	6.35%	10.54%	14.19%	-2.50%	5.38%
EPS Growth	0.00%	189.01%	-55.13%	8.47%	-17.19%	1.89%	2.78%	8.11%	-10.83%	0.00%
Operating Cash Flow Growth	2,157.34%	227.01%	11.29%	2.45%	29.41%	-12.63%	33.85%	16.00%	16.27%	-12.72%
Free Cash Flow Firm Growth	-8,932.77%	105.85%	-240.55%	-374.39%	95.66%	-893.54%	-0.46%	-40.22%	24.29%	23.20%
Invested Capital Growth	9,173.41%	8.94%	14.17%	26.70%	6.60%	15.37%	13.88%	15.87%	11.33%	8.99%
Revenue Q/Q Growth	0.00%	-115.06%	-79.21%	65.32%	3,211.06%	4.48%	2.08%	2.16%	2.06%	1.44%
EBITDA Q/Q Growth	0.00%	13.83%	-7.77%	-138.12%	356.67%	5.48%	0.17%	1.44%	2.26%	1.68%
EBIT Q/Q Growth	0.00%	14.88%	-11.53%	-188.68%	206.59%	6.39%	-1.52%	0.15%	1.11%	1.79%
NOPAT Q/Q Growth	0.00%	-5.45%	-11.25%	-161.62%	253.04%	7.26%	-0.77%	-0.85%	0.68%	1.77%
Net Income Q/Q Growth	0.00%	21.00%	-16.34%	3.56%	-3.11%	1.72%	4.16%	-0.85%	1.66%	1.77%
EPS Q/Q Growth	0.00%	0.00%	-15.11%	0.00%	-3.64%	0.93%	1.83%	-2.44%	-0.93%	0.94%
Operating Cash Flow Q/Q Growth	1,660.80%	-2.13%	-0.68%	-4.56%	8.81%	3.02%	1.92%	3.16%	2.29%	-2.03%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	45.47%	-219.34%	90.71%	5.70%	14.62%	-17.27%	41.16%	-617.24%
Invested Capital Q/Q Growth	0.00%	8.29%	0.54%	9.39%	7.50%	6.22%	3.97%	4.82%	-0.18%	3.80%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	40.53%	0.00%	0.00%	0.00%	75.42%	77.06%	73.17%	72.50%	70.90%	71.89%
EBIT Margin	27.65%	0.00%	0.00%	0.00%	54.36%	54.79%	50.94%	50.21%	45.44%	45.91%
Profit (Net Income) Margin	18.24%	0.00%	0.00%	0.00%	54.16%	54.74%	51.26%	50.09%	45.82%	45.77%
Tax Burden Percent	65.94%	205.02%	117.20%	-137.20%	99.64%	99.68%	100.63%	99.76%	99.86%	99.69%
Interest Burden Percent	100.00%	127.97%	100.00%	98.72%	100.00%	100.22%	100.00%	100.00%	100.97%	100.00%
Effective Tax Rate	34.06%	-105.02%	-0.03%	0.00%	0.36%	0.32%	-0.63%	0.24%	0.14%	0.31%
Return on Invested Capital (ROIC)	1.35%	0.00%	0.00%	0.00%	5.37%	5.13%	4.96%	4.93%	4.19%	4.05%
ROIC Less NNEP Spread (ROIC-NNEP)	1.35%	0.00%	0.00%	0.00%	5.37%	5.15%	4.96%	4.93%	4.28%	4.05%
Return on Net Nonoperating Assets (RNNOA)	1.23%	0.00%	0.00%	0.00%	4.86%	4.75%	4.52%	4.39%	3.77%	3.37%
Return on Equity (ROE)	2.58%	34.41%	14.49%	13.58%	10.23%	9.87%	9.48%	9.31%	7.96%	7.42%
Cash Return on Invested Capital (CROIC)	-194.38%	5.50%	-6.93%	-27.20%	-1.02%	-9.14%	-8.02%	-9.78%	-6.53%	-4.55%
Operating Return on Assets (OROA)	1.84%	0.00%	0.00%	0.00%	5.25%	4.99%	4.77%	4.79%	4.07%	3.95%
Return on Assets (ROA)	1.21%	0.00%	0.00%	0.00%	5.23%	4.98%	4.80%	4.77%	4.11%	3.94%
Return on Common Equity (ROCE)	2.58%	34.41%	14.49%	13.49%	10.13%	9.82%	9.46%	9.30%	7.95%	7.41%
Return on Equity Simple (ROE_SIMPLE)	1.29%	33.36%	13.77%	12.00%	10.12%	9.22%	8.92%	8.62%	7.59%	6.94%
Net Operating Profit after Tax (NOPAT)	5.70	123	61	-43	73	77	86	98	95	101
NOPAT Margin	18.24%	0.00%	0.00%	0.00%	54.16%	54.62%	51.26%	50.09%	45.38%	45.77%
Net Nonoperating Expense Percent (NNEP)	0.00%	-8.24%	-2.21%	-22.23%	0.00%	-0.02%	0.00%	0.00%	-0.09%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	72.35%	0.00%	0.00%	0.00%	45.64%	45.21%	49.06%	49.79%	54.56%	54.09%
Earnings before Interest and Taxes (EBIT)	8.64	60	61	-61	73	78	85	98	95	101
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	13	82	85	-36	102	109	122	142	148	158
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.99	1.82	2.19	1.93	2.11	2.17	2.07	1.72	1.73	1.81
Price to Tangible Book Value (P/TBV)	0.99	1.82	2.20	1.99	2.30	2.45	2.32	1.90	1.91	1.98
Price to Revenue (P/Rev)	14.04	0.00	0.00	0.00	11.32	12.88	11.88	9.98	10.43	11.94
Price to Earnings (P/E)	76.98	5.46	16.00	16.20	20.99	23.60	23.23	19.96	22.79	26.13
Dividend Yield	0.00%	63.53%	5.37%	5.58%	5.20%	4.96%	5.00%	5.75%	5.69%	5.12%
Earnings Yield	1.30%	18.30%	6.25%	6.17%	4.77%	4.24%	4.31%	5.01%	4.39%	3.83%
Enterprise Value to Invested Capital (EV/IC)	0.88	1.40	1.54	1.42	1.57	1.60	1.55	1.37	1.38	1.45
Enterprise Value to Revenue (EV/Rev)	23.47	0.00	0.00	0.00	16.33	18.27	17.10	14.95	15.71	17.11
Enterprise Value to EBITDA (EV/EBITDA)	57.91	15.49	18.68	0.00	21.66	23.71	23.38	20.63	22.16	23.81
Enterprise Value to EBIT (EV/EBIT)	84.86	21.23	25.98	0.00	30.05	33.35	33.58	29.78	34.58	37.28
Enterprise Value to NOPAT (EV/NOPAT)	128.69	10.35	25.97	0.00	30.16	33.46	33.37	29.86	34.63	37.40
Enterprise Value to Operating Cash Flow (EV/OCF)	33.81	17.89	20.19	23.08	21.01	28.31	23.37	20.59	19.83	26.10
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	26.45	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.89	0.93	0.99	0.88	0.93	0.91	0.91	0.87	0.89	0.78
Long-Term Debt to Equity	0.89	0.93	0.99	0.88	0.92	0.89	0.91	0.87	0.88	0.78
Financial Leverage	0.91	0.91	0.96	0.93	0.91	0.92	0.91	0.89	0.88	0.83
Leverage Ratio	2.13	2.05	2.02	1.97	1.96	1.98	1.97	1.95	1.94	1.88
Compound Leverage Factor	2.13	2.62	2.02	1.95	1.96	1.99	1.97	1.95	1.96	1.88
Debt to Total Capital	47.07%	48.28%	49.68%	46.84%	48.15%	47.78%	47.66%	46.65%	46.96%	43.97%
Short-Term Debt to Total Capital	0.06%	0.00%	0.00%	0.00%	0.36%	1.16%	0.00%	0.00%	0.12%	0.02%
Long-Term Debt to Total Capital	47.01%	48.28%	49.68%	46.84%	47.80%	46.62%	47.66%	46.65%	46.84%	43.95%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.60%	0.41%	0.19%	0.12%	0.11%	0.09%	0.08%
Common Equity to Total Capital	52.93%	51.72%	50.32%	52.56%	51.44%	52.03%	52.22%	53.24%	52.94%	55.95%
Debt to EBITDA	31.01	5.36	6.04	-17.35	6.65	7.07	7.17	7.02	7.55	7.20
Net Debt to EBITDA	23.27	5.03	5.29	-14.75	6.60	6.97	7.12	6.84	7.44	7.18
Long-Term Debt to EBITDA	30.97	5.36	6.04	-17.35	6.60	6.90	7.17	7.02	7.53	7.20
Debt to NOPAT	68.92	3.58	8.40	-14.37	9.25	9.98	10.23	10.17	11.80	11.32
Net Debt to NOPAT	51.71	3.36	7.35	-12.22	9.18	9.84	10.16	9.90	11.63	11.28
Long-Term Debt to NOPAT	68.84	3.58	8.40	-14.37	9.18	9.74	10.23	10.17	11.77	11.31
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.64%	0.95%	0.56%	0.29%	0.21%	0.19%	0.16%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-820	48	-67	-320	-14	-138	-139	-194	-147	-113
Operating Cash Flow to CapEx	3,901.62%	85.20%	83.00%	30.15%	51.02%	39.67%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-372.09	3.24	-3.46	-16.03	-0.52	-4.72	-4.26	-5.34	-3.30	-2.30
Operating Cash Flow to Interest Expense	9.85	4.78	4.05	4.05	3.95	3.13	3.76	3.90	3.70	2.93
Operating Cash Flow Less CapEx to Interest Expense	9.59	-0.83	-0.83	-9.39	-3.79	-4.76	3.76	3.90	3.70	2.93
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.07	0.00	0.00	0.00	0.10	0.09	0.09	0.10	0.09	0.09
Fixed Asset Turnover	0.07	0.00	0.00	0.00	0.11	0.10	0.10	0.11	0.10	0.09
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	834	909	1,038	1,315	1,402	1,617	1,841	2,134	2,376	2,589
Invested Capital Turnover	0.07	0.00	0.00	0.00	0.10	0.09	0.10	0.10	0.09	0.09
Increase / (Decrease) in Invested Capital	825	75	129	277	87	215	224	292	242	214
Enterprise Value (EV)	733	1,269	1,594	1,867	2,199	2,590	2,861	2,923	3,274	3,762
Market Capitalization	439	857	1,143	1,335	1,524	1,825	1,988	1,952	2,172	2,625
Book Value per Share	$10.33	$7.85	$8.53	$10.20	$10.46	$11.46	$12.43	$13.54	$13.89	$14.98
Tangible Book Value per Share	$10.33	$7.85	$8.47	$9.92	$9.62	$10.15	$11.08	$12.28	$12.58	$13.70
Total Capital	834	909	1,038	1,315	1,402	1,617	1,841	2,134	2,376	2,589
Total Debt	393	439	516	616	675	773	878	995	1,116	1,138
Total Long-Term Debt	392	439	516	616	670	754	878	995	1,113	1,138
Net Debt	295	412	451	524	670	762	871	969	1,099	1,134
Capital Expenditures (CapEx)	0.56	83	95	268	205	231	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	-34	-11	-126	0.00	-0.17	0.00	0.00	-0.92	0.00
Net Nonoperating Obligations (NNO)	393	439	516	616	675	773	878	995	1,116	1,138
Total Depreciation and Amortization (D&A)	4.02	22	24	26	28	32	37	44	53	57
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.92	$2.75	$1.18	$1.29	$1.06	$0.00	$1.12	$1.20	$1.08	$1.07
Adjusted Weighted Average Basic Shares Outstanding	6.21M	56.98M	60.63M	64.04M	68.43M	0.00	76.67M	81.59M	88.53M	93.64M
Adjusted Diluted Earnings per Share	$0.91	$2.63	$1.18	$1.28	$1.06	$0.00	$1.11	$1.20	$1.07	$1.07
Adjusted Weighted Average Diluted Shares Outstanding	6.26M	59.57M	60.70M	64.39M	68.63M	0.00	76.84M	81.81M	88.75M	94.06M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.06	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	59.83M	59.97M	61.39M	68.35M	70.18M	0.00	80.36M	86.09M	91.99M	99.97M
Normalized Net Operating Profit after Tax (NOPAT)	5.70	42	43	-43	73	77	60	98	95	101
Normalized NOPAT Margin	18.24%	0.00%	0.00%	0.00%	54.16%	54.62%	35.66%	50.09%	45.38%	45.77%
Pre Tax Income Margin	27.65%	0.00%	0.00%	0.00%	54.36%	54.91%	50.94%	50.21%	45.88%	45.91%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.92	4.03	3.15	-3.07	2.76	2.66	2.62	2.70	2.12	2.05
NOPAT to Interest Expense	2.59	8.27	3.15	-2.15	2.75	2.65	2.63	2.69	2.12	2.04
EBIT Less CapEx to Interest Expense	3.67	-1.58	-1.73	-16.51	-4.98	-5.23	2.62	2.70	2.12	2.05
NOPAT Less CapEx to Interest Expense	2.33	2.65	-1.73	-15.59	-4.99	-5.24	2.63	2.69	2.12	2.04
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	2.14%	77.53%	81.64%	84.35%	107.61%	111.29%	113.01%	109.84%	125.41%	127.35%
Augmented Payout Ratio	2.14%	77.53%	81.64%	84.35%	111.95%	112.34%	113.01%	109.84%	125.41%	127.35%

This table displays calculated financial ratios and metrics derived from Four Corners Property Trust's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.77%	9.29%	12.62%	-2.14%	9.26%	7.54%	4.88%	6.41%	3.07%	7.72%	9.14%
EBITDA Growth	15.83%	6.12%	10.44%	-7.15%	7.52%	7.80%	6.30%	7.36%	4.85%	9.40%	9.20%
EBIT Growth	14.36%	0.66%	3.71%	-16.05%	-1.08%	2.16%	3.87%	4.39%	6.63%	11.39%	10.01%
NOPAT Growth	14.99%	-3.52%	3.90%	-15.94%	-0.80%	6.81%	3.97%	4.43%	5.87%	7.14%	9.87%
Net Income Growth	15.77%	-3.52%	3.90%	-16.03%	-1.47%	6.81%	3.97%	4.43%	5.87%	7.14%	8.77%
EPS Growth	7.14%	-10.00%	-3.57%	-22.86%	-10.00%	-3.70%	-3.70%	0.00%	0.00%	3.85%	0.00%
Operating Cash Flow Growth	25.38%	15.31%	8.97%	56.81%	-2.20%	11.29%	-27.17%	-16.73%	0.62%	-8.22%	86.64%
Free Cash Flow Firm Growth	-5.51%	-34.27%	43.58%	-18.83%	-33.19%	19.36%	-48.43%	54.78%	72.17%	13.73%	11.15%
Invested Capital Growth	14.93%	15.87%	9.61%	15.77%	16.90%	11.33%	12.53%	6.78%	4.82%	8.99%	10.10%
Revenue Q/Q Growth	-6.69%	-0.16%	8.03%	-1.66%	4.17%	-1.73%	2.37%	-0.22%	0.91%	2.70%	5.08%
EBITDA Q/Q Growth	-8.89%	-1.79%	4.87%	0.51%	5.50%	-1.52%	-0.64%	1.52%	3.03%	2.75%	0.97%
EBIT Q/Q Growth	-13.86%	-5.11%	2.76%	2.34%	1.50%	-2.00%	-1.79%	2.85%	3.69%	2.37%	-0.24%
NOPAT Q/Q Growth	-13.34%	-6.10%	1.11%	2.16%	2.27%	1.11%	-1.58%	2.61%	3.68%	2.32%	-0.08%
Net Income Q/Q Growth	-12.84%	-6.73%	1.11%	2.16%	2.27%	1.11%	-1.58%	2.61%	3.68%	2.32%	-0.08%
EPS Q/Q Growth	-14.29%	-10.00%	0.00%	0.00%	0.00%	-3.70%	0.00%	3.85%	0.00%	0.00%	-3.70%
Operating Cash Flow Q/Q Growth	45.13%	-25.81%	15.95%	25.60%	-9.48%	-15.58%	-24.12%	43.62%	9.37%	-23.00%	54.31%
Free Cash Flow Firm Q/Q Growth	-0.11%	-12.20%	39.31%	-74.34%	-12.20%	32.07%	-11.70%	46.89%	30.95%	-110.60%	-15.16%
Invested Capital Q/Q Growth	3.97%	4.82%	-0.22%	6.47%	4.98%	-0.18%	0.85%	1.03%	3.06%	3.80%	1.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	72.85%	71.66%	69.26%	70.79%	71.69%	71.84%	70.20%	71.42%	72.92%	72.96%	70.11%
EBIT Margin	50.07%	47.59%	44.71%	46.53%	45.34%	45.21%	44.28%	45.65%	46.90%	46.76%	44.39%
Profit (Net Income) Margin	50.46%	47.14%	44.62%	46.35%	45.50%	46.82%	44.23%	45.49%	46.74%	46.57%	44.28%
Tax Burden Percent	100.09%	99.88%	99.79%	99.62%	100.37%	99.67%	99.89%	99.65%	99.65%	99.60%	99.76%
Interest Burden Percent	100.67%	99.17%	100.00%	100.00%	100.00%	103.89%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	-0.09%	0.12%	0.21%	0.38%	-0.37%	0.33%	0.11%	0.35%	0.35%	0.40%	0.24%
Return on Invested Capital (ROIC)	5.04%	4.64%	4.40%	4.38%	4.21%	4.33%	4.14%	4.17%	4.16%	4.12%	3.95%
ROIC Less NNEP Spread (ROIC-NNEP)	5.06%	4.64%	4.40%	4.38%	4.21%	4.33%	4.14%	4.17%	4.16%	4.12%	3.95%
Return on Net Nonoperating Assets (RNNOA)	4.84%	4.13%	4.10%	3.86%	3.79%	3.81%	3.68%	3.60%	3.61%	3.43%	3.43%
Return on Equity (ROE)	9.87%	8.77%	8.50%	8.24%	8.00%	8.13%	7.82%	7.77%	7.77%	7.55%	7.38%
Cash Return on Invested Capital (CROIC)	-8.71%	-9.78%	-4.32%	-10.15%	-11.33%	-6.53%	-7.53%	-2.40%	-0.65%	-4.55%	-5.54%
Operating Return on Assets (OROA)	4.87%	4.54%	4.28%	4.27%	4.06%	4.05%	4.03%	4.07%	4.05%	4.03%	3.86%
Return on Assets (ROA)	4.90%	4.49%	4.27%	4.26%	4.08%	4.20%	4.02%	4.06%	4.03%	4.01%	3.85%
Return on Common Equity (ROCE)	9.85%	8.75%	8.48%	8.22%	7.98%	8.12%	7.80%	7.76%	7.75%	7.54%	7.37%
Return on Equity Simple (ROE_SIMPLE)	9.26%	0.00%	8.74%	7.52%	7.50%	0.00%	7.64%	7.74%	7.31%	0.00%	7.18%
Net Operating Profit after Tax (NOPAT)	24	23	23	24	24	24	24	25	26	26	26
NOPAT Margin	50.12%	47.14%	44.62%	46.35%	45.50%	46.82%	44.23%	45.49%	46.74%	46.57%	44.28%
Net Nonoperating Expense Percent (NNEP)	-0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	49.93%	52.41%	55.29%	53.47%	54.66%	54.79%	55.72%	54.35%	53.10%	53.24%	55.61%
Earnings before Interest and Taxes (EBIT)	24	23	23	24	24	24	24	25	26	26	26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	35	35	36	36	38	38	38	39	40	41	41
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.68	1.72	1.91	1.67	1.52	1.73	1.73	1.80	2.01	1.81	2.01
Price to Tangible Book Value (P/TBV)	1.86	1.90	2.09	1.83	1.69	1.91	1.91	1.98	2.20	1.98	2.19
Price to Revenue (P/Rev)	9.35	9.98	10.73	10.45	9.33	10.43	10.32	10.55	12.53	11.94	12.77
Price to Earnings (P/E)	18.14	19.96	21.84	22.17	20.31	22.79	22.70	23.32	27.51	26.13	27.97
Dividend Yield	6.06%	5.75%	5.38%	5.64%	6.47%	5.69%	5.68%	5.57%	4.71%	5.12%	4.88%
Earnings Yield	5.51%	5.01%	4.58%	4.51%	4.92%	4.39%	4.41%	4.29%	3.64%	3.83%	3.58%
Enterprise Value to Invested Capital (EV/IC)	1.34	1.37	1.47	1.36	1.27	1.38	1.37	1.41	1.53	1.45	1.54
Enterprise Value to Revenue (EV/Rev)	14.22	14.95	15.55	15.48	14.83	15.71	15.55	15.87	17.60	17.11	18.04
Enterprise Value to EBITDA (EV/EBITDA)	19.48	20.63	21.59	21.79	20.95	22.16	21.82	22.23	24.54	23.81	25.10
Enterprise Value to EBIT (EV/EBIT)	27.77	29.78	31.71	32.90	32.33	34.58	34.13	35.00	38.47	37.28	39.25
Enterprise Value to NOPAT (EV/NOPAT)	27.56	29.86	31.60	32.78	32.24	34.63	34.16	35.03	38.58	37.40	39.47
Enterprise Value to Operating Cash Flow (EV/OCF)	19.77	20.59	21.51	19.03	18.75	19.83	21.27	23.25	25.92	26.10	24.13
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.90	0.87	0.88	0.81	0.90	0.89	0.90	0.92	0.84	0.78	0.84
Long-Term Debt to Equity	0.90	0.87	0.88	0.81	0.90	0.88	0.89	0.92	0.84	0.78	0.84
Financial Leverage	0.96	0.89	0.93	0.88	0.90	0.88	0.89	0.86	0.87	0.83	0.87
Leverage Ratio	2.02	1.95	1.99	1.94	1.96	1.94	1.94	1.92	1.92	1.88	1.92
Compound Leverage Factor	2.04	1.93	1.99	1.94	1.96	2.01	1.94	1.92	1.92	1.88	1.92
Debt to Total Capital	47.50%	46.65%	46.78%	44.63%	47.32%	46.96%	47.23%	47.88%	45.69%	43.97%	45.68%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.12%	0.03%	0.01%	0.30%	0.02%	0.11%
Long-Term Debt to Total Capital	47.50%	46.65%	46.78%	44.63%	47.32%	46.84%	47.21%	47.87%	45.39%	43.95%	45.57%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.11%	0.11%	0.11%	0.10%	0.09%	0.09%	0.09%	0.09%	0.09%	0.08%	0.08%
Common Equity to Total Capital	52.39%	53.24%	53.11%	55.27%	52.59%	52.94%	52.68%	52.03%	54.23%	55.95%	54.24%
Debt to EBITDA	6.92	7.02	6.89	7.13	7.80	7.55	7.50	7.55	7.33	7.20	7.46
Net Debt to EBITDA	6.66	6.84	6.67	7.06	7.76	7.44	7.33	7.44	7.05	7.18	7.32
Long-Term Debt to EBITDA	6.92	7.02	6.89	7.13	7.80	7.53	7.49	7.55	7.29	7.20	7.44
Debt to NOPAT	9.79	10.17	10.08	10.73	11.99	11.80	11.74	11.90	11.53	11.32	11.73
Net Debt to NOPAT	9.42	9.90	9.77	10.61	11.93	11.63	11.47	11.72	11.08	11.28	11.52
Long-Term Debt to NOPAT	9.79	10.17	10.08	10.73	11.99	11.77	11.73	11.89	11.45	11.31	11.70
Noncontrolling Interest Sharing Ratio	0.23%	0.21%	0.21%	0.20%	0.19%	0.19%	0.19%	0.18%	0.17%	0.16%	0.16%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-240	-269	-163	-285	-320	-217	-243	-129	-89	-187	-216
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-26.17	-27.43	-16.49	-28.36	-26.05	-17.58	-19.76	-10.46	-7.22	-15.24	-16.95
Operating Cash Flow to Interest Expense	4.81	3.33	3.82	4.74	3.51	2.95	2.25	3.22	3.52	2.72	4.05
Operating Cash Flow Less CapEx to Interest Expense	4.81	3.33	3.82	4.74	3.51	2.95	2.25	3.22	3.52	2.72	4.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.10	0.10	0.10	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09
Fixed Asset Turnover	0.11	0.11	0.11	0.10	0.10	0.10	0.10	0.10	0.10	0.09	0.10
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,036	2,134	2,129	2,267	2,380	2,376	2,396	2,420	2,494	2,589	2,638
Invested Capital Turnover	0.10	0.10	0.10	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09
Increase / (Decrease) in Invested Capital	265	292	187	309	344	242	267	154	115	214	242
Enterprise Value (EV)	2,721	2,923	3,121	3,089	3,027	3,274	3,293	3,413	3,813	3,762	4,054
Market Capitalization	1,789	1,952	2,154	2,087	1,904	2,172	2,185	2,269	2,716	2,625	2,869
Book Value per Share	$13.09	$13.54	$13.13	$14.40	$13.82	$13.89	$13.76	$13.69	$14.60	$14.98	$14.31
Tangible Book Value per Share	$11.78	$12.28	$11.95	$13.08	$12.47	$12.58	$12.50	$12.45	$13.32	$13.70	$13.11
Total Capital	2,036	2,134	2,129	2,267	2,380	2,376	2,396	2,420	2,494	2,589	2,638
Total Debt	967	995	996	1,012	1,126	1,116	1,132	1,159	1,140	1,138	1,205
Total Long-Term Debt	967	995	996	1,012	1,126	1,113	1,131	1,159	1,132	1,138	1,202
Net Debt	930	969	965	1,000	1,120	1,099	1,105	1,142	1,095	1,134	1,183
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	-0.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	967	995	996	1,012	1,126	1,116	1,132	1,159	1,140	1,138	1,205
Total Depreciation and Amortization (D&A)	11	12	13	12	14	14	14	14	14	15	15
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.30	$0.27	$0.27	$0.27	$0.27	$0.27	$0.26	$0.27	$0.27	$0.27	$0.26
Adjusted Weighted Average Basic Shares Outstanding	81.88M	81.59M	85.83M	87.37M	90.37M	88.53M	91.72M	91.81M	94.39M	93.64M	99.71M
Adjusted Diluted Earnings per Share	$0.30	$0.27	$0.27	$0.27	$0.27	$0.26	$0.26	$0.27	$0.27	$0.27	$0.26
Adjusted Weighted Average Diluted Shares Outstanding	82.12M	81.81M	86.10M	87.56M	90.60M	88.75M	91.93M	91.99M	94.88M	94.06M	100.07M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	83.89M	86.09M	87.03M	90.57M	90.57M	91.99M	91.99M	92.66M	96.73M	99.97M	100.47M
Normalized Net Operating Profit after Tax (NOPAT)	17	23	23	24	17	24	24	25	26	26	26
Normalized NOPAT Margin	35.05%	47.14%	44.62%	46.35%	31.74%	46.82%	44.23%	45.49%	46.74%	46.57%	44.28%
Pre Tax Income Margin	50.41%	47.19%	44.71%	46.53%	45.34%	46.97%	44.28%	45.65%	46.90%	46.76%	44.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.66	2.35	2.34	2.36	1.96	1.91	1.96	2.01	2.09	2.14	2.06
NOPAT to Interest Expense	2.66	2.33	2.33	2.35	1.97	1.98	1.96	2.00	2.08	2.13	2.06
EBIT Less CapEx to Interest Expense	2.66	2.35	2.34	2.36	1.96	1.91	1.96	2.01	2.09	2.14	2.06
NOPAT Less CapEx to Interest Expense	2.66	2.33	2.33	2.35	1.97	1.98	1.96	2.00	2.08	2.13	2.06
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	105.75%	109.84%	111.31%	119.33%	124.04%	125.41%	126.78%	127.94%	127.08%	127.35%	128.45%
Augmented Payout Ratio	105.75%	109.84%	111.31%	119.33%	124.04%	125.41%	126.78%	127.94%	127.08%	127.35%	128.45%

Financials Breakdown Chart

Key Financial Trends

Four Corners Property Trust (NYSE: FCPT) has demonstrated consistent operational and financial performance over the past four years, from Q3 2022 through Q1 2025. Key trends and notable points from the recent quarters' income statements, cash flow statements, and balance sheets are summarized below.

Consistent Net Income Growth: Net income attributable to common shareholders has shown a generally stable upward trend, increasing from approximately $23.1 million in Q1 2023 to $26.2 million in Q1 2025, indicating steady profitability.
Stable Earnings Per Share (EPS): Diluted earnings per share have remained steady around $0.26–$0.30 per quarter over the years, reflecting consistent earnings relative to share count.
Cash Flow from Operating Activities Increasing: Operating cash flow rose to $51.6 million in Q1 2025 from $37.9 million in Q1 2023, supporting the company's operational strength and ability to generate cash.
Strong Asset Base Growth: Total assets increased from about $2.2 billion in Q1 2023 to $2.7 billion in Q1 2025, primarily driven by growth in premises and equipment and other investments, indicating expansion.
Equity Expansion: Total common equity rose from $1.13 billion in Q1 2023 to $1.43 billion in Q1 2025, showing strengthening of shareholders' equity over time.
Interest expense related to long-term debt has gradually increased from about $9.9 million in Q1 2023 to over $12.7 million in Q1 2025, reflecting possibly higher debt levels or costs.
The company consistently pays quarterly cash dividends, around $0.34 to $0.36 per share, illustrating a shareholder return policy but also an ongoing cash outflow.
Depreciation and amortization expenses remain significant components of costs, increasing modestly over time in line with asset growth.
There is no reported interest income, suggesting a focus on real estate assets rather than interest-bearing activities.
Trading account securities fluctuate but remain a modest portion of total assets, contributing to liquidity management.
Increasing Debt Load: Long-term debt rose from approximately $996 million in Q1 2023 to about $1.2 billion in Q1 2025, which could increase financial risk despite manageable interest expenses so far.
Rising Operating Expenses: Other operating expenses, including depreciation, have increased, from around $30.3 million in Q1 2023 to nearly $32.9 million in Q1 2025, which could pressure margins in the future.
Declining Cash and Cash Equivalents: Cash balances have decreased from $31.4 million in Q1 2023 to $22.3 million in Q1 2025, possibly reflecting investment and financing activity usage.

Summary: Four Corners Property Trust continues to show steady profitability, consistent cash flow generation, and asset base growth. While the company uses debt to finance expansion (reflected in increasing long-term debt and interest expense), it maintains a healthy equity position and returns cash to shareholders via dividends. Expenses have grown somewhat, and cash reserves have slightly decreased, warranting monitoring. Overall, the financials suggest a stable real estate investment trust with a focus on operational growth balanced against managing leverage.

09/18/25 04:58 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Four Corners Property Trust's Financials

When does Four Corners Property Trust's fiscal year end?

According to the most recent income statement we have on file, Four Corners Property Trust's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Four Corners Property Trust's net income changed over the last 9 years?

Four Corners Property Trust's net income appears to be on an upward trend, with a most recent value of $100.60 million in 2024, rising from $5.70 million in 2015. The previous period was $95.46 million in 2023. Find out what analysts predict for Four Corners Property Trust in the coming months.

How has Four Corners Property Trust's revenue changed over the last 9 years?

Over the last 9 years, Four Corners Property Trust's total revenue changed from $31.25 million in 2015 to $219.81 million in 2024, a change of 603.3%.

How much debt does Four Corners Property Trust have?

Four Corners Property Trust's total liabilities were at $1.20 billion at the end of 2024, a 0.9% increase from 2023, and a 146.5% increase since 2015.

How much cash does Four Corners Property Trust have?

In the past 9 years, Four Corners Property Trust's cash and equivalents has ranged from $4.08 million in 2024 to $98.07 million in 2015, and is currently $4.08 million as of their latest financial filing in 2024.

How has Four Corners Property Trust's book value per share changed over the last 9 years?

Over the last 9 years, Four Corners Property Trust's book value per share changed from 10.33 in 2015 to 14.98 in 2024, a change of 44.9%.

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This page (NYSE:FCPT) was last updated on 9/18/2025 by MarketBeat.com Staff

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Four Corners Property Trust (FCPT) Financials

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Four Corners Property Trust (FCPT) Financials

Annual Income Statements for Four Corners Property Trust

Quarterly Income Statements for Four Corners Property Trust

Annual Cash Flow Statements for Four Corners Property Trust

Quarterly Cash Flow Statements for Four Corners Property Trust

Annual Balance Sheets for Four Corners Property Trust

Quarterly Balance Sheets for Four Corners Property Trust

Annual Metrics And Ratios for Four Corners Property Trust

Quarterly Metrics And Ratios for Four Corners Property Trust

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Key Financial Trends

Frequently Asked Questions About Four Corners Property Trust's Financials

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