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Four Corners Property Trust (FCPT) Financials

Four Corners Property Trust logo
$24.88 0.00 (0.00%)
As of 01:55 PM Eastern
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Annual Income Statements for Four Corners Property Trust

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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 5.70 157 71 82 73 77 86 98 95 100 112
Consolidated Net Income / (Loss)		 5.70 157 72 83 73 78 86 98 95 101 112
Net Income / (Loss) Continuing Operations		 5.70 157 61 -61 73 78 86 98 95 101 112
Total Pre-Tax Income 		8.64 77 61 -60 73 78 85 98 96 101 113
Total Revenue		 31 -15 -19 -4.69 135 142 167 195 209 220 243
Net Interest Income / (Expense)		 -2.20 -15 -19 -20 -27 -29 -33 -36 -45 -49 -52
Total Interest Income		 0.00 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 52
Long-Term Debt Interest Expense		 - 15 19 20 27 29 33 36 45 49 52
Total Non-Interest Income		 33 0.00 0.32 15 161 171 200 232 254 269 295
Other Service Charges		 - - 0.32 - 0.94 - 0.04 0.54 0.92 0.96 0.80
Net Realized & Unrealized Capital Gains on Investments		 - - - 15 21 0.00 27 8.14 2.34 0.00 0.00
Other Non-Interest Income		 33 - - - 140 171 173 223 251 268 294
Total Non-Interest Expense		 23 -75 -80 57 61 64 82 97 114 119 130
Other Operating Expenses		 19 -95 -102 33 35 35 47 56 63 64 70
Depreciation Expense		 3.76 21 22 24 26 29 35 41 51 55 60
Income Tax Expense		 2.94 -80 -0.02 0.26 0.27 0.25 -0.53 0.24 0.13 0.31 0.30
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 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 $1.09
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 102.69M
Diluted Earnings per Share		 $0.91 $2.63 $1.18 $1.28 $1.06 $1.08 $1.11 $1.20 $1.07 $1.07 $1.09
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 102.95M
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 109.75M
Cash Dividends to Common per Share		 - $0.97 $1.00 $1.11 $1.17 $1.23 $1.29 $1.34 $1.37 $1.39 $1.43

Quarterly Income Statements for Four Corners Property Trust

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 24 24 24 25 26 26 26 28 29 29 30
Consolidated Net Income / (Loss)		 24 24 24 25 26 26 26 28 29 29 30
Net Income / (Loss) Continuing Operations		 24 24 24 25 26 26 26 28 29 29 30
Total Pre-Tax Income 		24 25 24 25 26 26 26 28 29 30 30
Total Revenue		 53 52 54 54 55 56 59 60 61 63 65
Net Interest Income / (Expense)		 -12 -12 -12 -12 -12 -12 -13 -13 -13 -13 -13
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 12 12 12 12 12 12 13 13 13 13 13
Long-Term Debt Interest Expense		 12 12 12 12 12 12 13 13 13 13 13
Total Non-Interest Income		 65 65 66 67 67 69 72 73 74 76 78
Other Non-Interest Income		 65 65 66 66 67 68 71 73 74 76 78
Total Non-Interest Expense		 29 29 30 30 29 30 33 32 32 33 35
Other Operating Expenses		 16 15 17 16 15 16 18 17 17 17 19
Depreciation Expense		 13 13 13 13 14 14 14 15 15 16 16
Nonoperating Income / (Expense), net		 - - 0.24 - - - - - - - 0.34
Income Tax Expense		 -0.09 0.08 0.03 0.09 0.09 0.11 0.06 0.11 0.03 0.10 0.10
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		 $0.27 $0.27 $0.26 $0.27 $0.27 $0.27 $0.26 $0.28 $0.28 $0.27 $0.28
Weighted Average Basic Shares Outstanding		 90.37M 88.53M 91.72M 91.81M 94.39M 93.64M 99.71M 100.82M 103.88M 102.69M 109.28M
Diluted Earnings per Share		 $0.27 $0.26 $0.26 $0.27 $0.27 $0.27 $0.26 $0.28 $0.28 $0.27 $0.28
Weighted Average Diluted Shares Outstanding		 90.60M 88.75M 91.93M 91.99M 94.88M 94.06M 100.07M 101.17M 104.17M 102.95M 109.56M
Weighted Average Basic & Diluted Shares Outstanding		 90.57M 91.99M 91.99M 92.66M 96.73M 99.97M 100.47M 104.46M 106.08M 109.75M 109.75M
Cash Dividends to Common per Share		 $0.34 $0.34 $0.35 $0.35 $0.35 $0.36 $0.36 $0.36 $0.36 $0.37 $0.37

Annual Cash Flow Statements for Four Corners Property Trust

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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 98 -71 43 24 -88 5.98 -4.76 20 -1.51 -21 8.06
Net Cash From Operating Activities		 22 71 79 81 105 91 122 142 165 144 192
Net Cash From Continuing Operating Activities		 22 71 79 81 105 91 122 142 165 144 192
Net Income / (Loss) Continuing Operations		 5.70 157 72 83 73 78 86 98 95 101 112
Consolidated Net Income / (Loss)		 5.70 157 72 83 73 78 86 98 95 101 112
Depreciation Expense		 3.76 21 22 24 26 29 35 41 51 55 60
Amortization Expense		 0.27 1.59 2.14 1.83 2.05 2.13 2.37 2.10 2.31 2.60 3.16
Non-Cash Adjustments to Reconcile Net Income		 1.32 -96 -8.05 -11 3.76 4.67 4.77 -1.14 4.50 8.86 11
Changes in Operating Assets and Liabilities, net		 11 -12 -8.85 -16 -0.39 -22 -5.30 1.65 12 -22 5.67
Net Cash From Investing Activities		 -0.56 -59 -80 -247 -207 -229 -265 -271 -313 -273 -325
Net Cash From Continuing Investing Activities		 -0.56 -59 -80 -247 -207 -229 -265 -271 -313 -273 -325
Purchase of Investment Securities		 - - - - - - -268 -296 -341 -273 -325
Sale and/or Maturity of Investments		 0.00 24 16 21 0.00 0.00 3.34 25 28 0.00 0.00
Net Cash From Financing Activities		 77 -83 44 190 15 144 138 149 146 108 141
Net Cash From Continuing Financing Activities		 77 -83 44 190 15 144 138 149 146 108 141
Issuance of Debt		 400 45 161 125 52 302 291 183 245 302 262
Issuance of Common Equity		 0.00 0.64 32 162 47 152 117 142 153 216 225
Repayment of Debt		 -315 -7.08 -83 -26 0.00 -219 -165 -64 -129 -278 -192
Payment of Dividends		 -0.12 -122 -59 -70 -78 -86 -97 -108 -120 -128 -144
Other Financing Activities, Net		 -7.96 0.00 -6.95 -0.39 -3.06 -4.01 -7.87 -4.39 -3.51 -3.70 -10
Cash Interest Paid		 0.98 13 14 20 26 23 23 31 49 59 58
Cash Income Taxes Paid		 0.00 2.17 0.56 0.47 0.59 0.60 0.31 0.33 0.37 0.45 0.56

Quarterly Cash Flow Statements for Four Corners Property Trust

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 5.10 8.48 1.98 -9.60 27 -40 18 -16 0.74 5.42 18
Net Cash From Operating Activities		 43 36 28 40 43 33 52 44 49 48 47
Net Cash From Continuing Operating Activities		 43 36 28 40 43 33 52 44 49 48 47
Net Income / (Loss) Continuing Operations		 24 24 24 25 26 26 26 28 29 29 30
Consolidated Net Income / (Loss)		 24 24 24 25 26 26 26 28 29 29 30
Depreciation Expense		 13 13 13 13 14 14 14 15 15 15 16
Amortization Expense		 0.59 0.59 0.64 0.65 0.65 0.65 0.78 0.79 0.79 0.80 0.80
Non-Cash Adjustments to Reconcile Net Income		 1.50 1.71 2.12 2.21 2.27 2.26 3.19 2.47 2.59 3.13 3.12
Changes in Operating Assets and Liabilities, net		 3.43 -3.67 -13 -1.23 1.26 -9.81 6.97 -2.07 1.62 -0.86 -3.30
Net Cash From Investing Activities		 -121 -8.38 -16 -47 -73 -136 -58 -87 -84 -97 -27
Net Cash From Continuing Investing Activities		 -121 -8.38 -16 -47 -73 -136 -58 -87 -84 -97 -27
Purchase of Investment Securities		 -133 -13 -17 -47 -73 -136 -58 -86 -84 -97 -27
Sale and/or Maturity of Investments		 11 3.68 - - - - -0.24 - - - -0.45
Net Cash From Financing Activities		 83 -20 -9.20 -2.31 57 62 25 27 35 54 -2.40
Net Cash From Continuing Financing Activities		 83 -20 -9.20 -2.31 57 62 25 27 35 54 -2.40
Issuance of Debt		 203 27 119 39 38 106 118 45 62 37 4.00
Issuance of Common Equity		 - 25 6.90 2.39 116 91 0.00 62 61 102 39
Repayment of Debt		 -88 -41 -100 -12 -65 -101 -48 -45 -51 -48 -4.00
Payment of Dividends		 -31 -31 -32 -32 -32 -33 -35 -35 -36 -37 -40
Other Financing Activities, Net		 -1.14 -0.04 -3.55 -0.04 -0.06 -0.04 -9.93 -0.04 -0.21 -0.04 -1.97
Cash Interest Paid		 9.77 16 13 16 14 15 13 16 13 15 12
Cash Income Taxes Paid		 0.01 0.01 0.00 0.38 0.03 0.04 0.02 0.48 0.01 0.05 0.00

Annual Balance Sheets for Four Corners Property Trust

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 2025
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 12/31/2025
Total Assets		 929 937 1,069 1,343 1,446 1,668 1,903 2,199 2,452 2,653 2,921
Cash and Due from Banks		 98 27 64 92 5.08 11 6.30 26 16 4.08 12
Trading Account Securities		 0.17 0.84 5.00 5.98 1.45 0.76 2.59 35 21 21 9.39
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 0.00
Premises and Equipment, Net		 829 894 966 1,191 1,332 1,498 1,722 1,949 2,210 2,423 2,681
Intangible Assets		 - - 3.84 19 58 96 104 106 118 124 129
Other Assets		 2.51 15 29 35 50 63 68 81 85 80 88
Total Liabilities & Shareholders' Equity		 929 937 1,069 1,343 1,446 1,668 1,903 2,199 2,452 2,653 2,921
Total Liabilities		 488 467 546 644 719 824 939 1,060 1,192 1,202 1,291
Short-Term Debt		 0.48 - - - 5.01 19 - 0.01 2.97 0.47 5.06
Other Short-Term Payables		 - 15 17 20 21 24 - 29 32 35 40
Long-Term Debt		 392 439 516 616 670 754 878 995 1,113 1,138 1,204
Other Long-Term Liabilities		 95 14 14 8.66 23 27 61 36 45 29 42
Total Equity & Noncontrolling Interests		 442 470 522 699 727 845 964 1,138 1,260 1,451 1,630
Total Preferred & Common Equity		 442 470 522 691 721 841 962 1,136 1,258 1,449 1,628
Preferred Stock		 0.00 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 1,628
Common Stock		 437 439 474 639 686 840 959 1,105 1,262 1,483 1,714
Retained Earnings		 5.26 26 36 46 38 27 13 0.58 -26 -58 -94
Accumulated Other Comprehensive Income / (Loss)		 -0.32 0.21 4.48 5.96 -3.54 -26 -9.82 31 22 24 7.67
Noncontrolling Interest		 0.00 - - 7.87 5.69 3.06 2.22 2.26 2.21 2.18 2.11

Quarterly Balance Sheets for Four Corners Property Trust

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 Q2 2025 Q3 2025 Q1 2026
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 6/30/2025 9/30/2025 3/31/2026
Total Assets		 2,100 2,198 2,338 2,456 2,463 2,486 2,564 2,711 2,766 2,834 2,952
Cash and Due from Banks		 37 31 11 5.68 26 17 44 22 5.98 6.73 30
Trading Account Securities		 36 28 28 31 24 24 14 15 12 10 11
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 0.00
Premises and Equipment, Net		 1,846 1,960 2,107 2,206 2,216 2,252 2,307 2,470 2,539 2,606 2,693
Intangible Assets		 107 102 114 122 116 114 118 120 122 124 127
Other Assets		 72 77 77 89 79 77 79 83 85 86 89
Total Liabilities & Shareholders' Equity		 2,100 2,198 2,338 2,456 2,463 2,486 2,564 2,711 2,766 2,834 2,952
Total Liabilities		 1,031 1,065 1,083 1,202 1,198 1,225 1,210 1,278 1,283 1,299 1,288
Short-Term Debt		 0.00 - - 0.00 0.61 0.35 7.37 2.99 5.40 5.75 2.88
Other Short-Term Payables		 27 - - 31 32 32 33 35 36 37 40
Long-Term Debt		 967 996 1,012 1,126 1,131 1,159 1,132 1,202 1,203 1,214 1,205
Other Long-Term Liabilities		 37 68 71 45 35 34 37 38 38 41 40
Total Equity & Noncontrolling Interests		 1,069 1,133 1,255 1,254 1,264 1,261 1,355 1,433 1,483 1,536 1,664
Total Preferred & Common Equity		 1,066 1,131 1,253 1,251 1,262 1,259 1,353 1,431 1,481 1,534 1,662
Preferred Stock		 0.00 0.00 0.00 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 1,481 1,534 1,662
Common Stock		 1,028 1,113 1,234 1,235 1,268 1,272 1,390 1,482 1,546 1,609 1,753
Retained Earnings		 6.77 -5.50 -13 -19 -34 -41 -49 -67 -75 -83 -103
Accumulated Other Comprehensive Income / (Loss)		 32 23 32 35 28 28 11 15 9.79 7.88 12
Noncontrolling Interest		 2.27 2.24 2.20 2.24 2.21 2.20 2.17 2.16 2.14 2.13 2.11

Annual Metrics And Ratios for Four Corners Property Trust

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 2025
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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
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 $1.09
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 102.69M
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 $1.09
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 102.95M
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 $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 109.75M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Four Corners Property Trust

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 109,745,042.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 109,745,042.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.28
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 9.26% 7.54% 4.88% 6.41% 3.07% 7.72% 9.14% 10.26% 12.02% - 9.99%
EBITDA Growth		 7.52% 7.80% 6.30% 7.36% 4.85% 9.40% 9.20% 12.08% 11.98% - 13.62%
EBIT Growth		 -1.08% 2.16% 3.87% 4.39% 6.63% 11.39% 10.01% 13.23% 12.47% - 14.75%
NOPAT Growth		 -0.80% 6.81% 3.97% 4.43% 5.87% 7.14% 9.87% 13.17% 12.75% - 14.66%
Net Income Growth		 -1.47% 6.81% 3.97% 4.43% 5.87% 7.14% 8.77% 13.17% 12.75% - 15.96%
EPS Growth		 -10.00% -3.70% -3.70% 0.00% 0.00% 3.85% 0.00% 3.70% 3.70% - 7.69%
Operating Cash Flow Growth		 -2.20% 11.29% -27.17% -16.73% 0.62% -8.22% 86.64% 10.30% 12.76% - -8.52%
Free Cash Flow Firm Growth		 -33.19% 19.36% -48.43% 54.78% 72.17% 13.73% 11.15% -88.36% -161.55% - 5.41%
Invested Capital Growth		 16.90% 11.33% 12.53% 6.78% 4.82% 8.99% 10.10% 11.19% 10.49% - 8.88%
Revenue Q/Q Growth		 4.17% -1.73% 2.37% -0.22% 0.91% 2.70% 5.08% 1.25% 2.52% - 3.80%
EBITDA Q/Q Growth		 5.50% -1.52% -0.64% 1.52% 3.03% 2.75% 0.97% 4.86% 2.93% - 2.71%
EBIT Q/Q Growth		 1.50% -2.00% -1.79% 2.85% 3.69% 2.37% -0.24% 6.93% 2.99% - 1.87%
NOPAT Q/Q Growth		 2.27% 1.11% -1.58% 2.61% 3.68% 2.32% -0.08% 6.76% 3.30% - 1.88%
Net Income Q/Q Growth		 2.27% 1.11% -1.58% 2.61% 3.68% 2.32% -0.08% 6.76% 3.30% - 3.04%
EPS Q/Q Growth		 0.00% -3.70% 0.00% 3.85% 0.00% 0.00% -3.70% 7.69% 0.00% - 3.70%
Operating Cash Flow Q/Q Growth		 -9.48% -15.58% -24.12% 43.62% 9.37% -23.00% 54.31% -15.13% 11.81% - -1.81%
Free Cash Flow Firm Q/Q Growth		 -12.20% 32.07% -11.70% 46.89% 30.95% -110.60% -15.16% -12.49% 4.13% - 7.39%
Invested Capital Q/Q Growth		 4.98% -0.18% 0.85% 1.03% 3.06% 3.80% 1.88% 2.02% 2.41% - 1.16%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 71.69% 71.84% 70.20% 71.42% 72.92% 72.96% 70.11% 72.61% 72.90% - 72.42%
EBIT Margin		 45.34% 45.21% 44.28% 45.65% 46.90% 46.76% 44.39% 46.88% 47.09% - 46.31%
Profit (Net Income) Margin		 45.50% 46.82% 44.23% 45.49% 46.74% 46.57% 44.28% 46.69% 47.04% - 46.68%
Tax Burden Percent		 100.37% 99.67% 99.89% 99.65% 99.65% 99.60% 99.76% 99.60% 99.90% - 99.68%
Interest Burden Percent		 100.00% 103.89% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 101.14%
Effective Tax Rate		 -0.37% 0.33% 0.11% 0.35% 0.35% 0.40% 0.24% 0.40% 0.10% - 0.32%
Return on Invested Capital (ROIC)		 4.21% 4.33% 4.14% 4.17% 4.16% 4.12% 3.95% 4.21% 4.25% - 4.17%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.21% 4.33% 4.14% 4.17% 4.16% 4.12% 3.95% 4.21% 4.25% - 4.20%
Return on Net Nonoperating Assets (RNNOA)		 3.79% 3.81% 3.68% 3.60% 3.61% 3.43% 3.43% 3.63% 3.47% - 3.27%
Return on Equity (ROE)		 8.00% 8.13% 7.82% 7.77% 7.77% 7.55% 7.38% 7.84% 7.71% - 7.44%
Cash Return on Invested Capital (CROIC)		 -11.33% -6.53% -7.53% -2.40% -0.65% -4.55% -5.54% -6.45% -5.81% - -4.27%
Operating Return on Assets (OROA)		 4.06% 4.05% 4.03% 4.07% 4.05% 4.03% 3.86% 4.11% 4.13% - 4.07%
Return on Assets (ROA)		 4.08% 4.20% 4.02% 4.06% 4.03% 4.01% 3.85% 4.10% 4.13% - 4.10%
Return on Common Equity (ROCE)		 7.98% 8.12% 7.80% 7.76% 7.75% 7.54% 7.37% 7.82% 7.70% - 7.43%
Return on Equity Simple (ROE_SIMPLE)		 7.50% 0.00% 7.64% 7.74% 7.31% 0.00% 7.18% 7.16% 7.12% - 7.02%
Net Operating Profit after Tax (NOPAT)		 24 24 24 25 26 26 26 28 29 - 30
NOPAT Margin		 45.50% 46.82% 44.23% 45.49% 46.74% 46.57% 44.28% 46.69% 47.04% - 46.16%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -0.03%
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		 54.66% 54.79% 55.72% 54.35% 53.10% 53.24% 55.61% 53.12% 52.91% - 53.69%
Earnings before Interest and Taxes (EBIT)		 24 24 24 25 26 26 26 28 29 - 30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 38 38 38 39 40 41 41 43 45 - 47
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.52 1.73 1.73 1.80 2.01 1.81 2.01 1.83 1.66 - 1.56
Price to Tangible Book Value (P/TBV)		 1.69 1.91 1.91 1.98 2.20 1.98 2.19 1.99 1.81 - 1.69
Price to Revenue (P/Rev)		 9.33 10.43 10.32 10.55 12.53 11.94 12.77 11.74 10.76 - 10.43
Price to Earnings (P/E)		 20.31 22.79 22.70 23.32 27.51 26.13 27.97 25.55 23.36 - 22.27
Dividend Yield		 6.47% 5.69% 5.68% 5.57% 4.71% 5.12% 4.88% 5.24% 5.82% - 6.10%
Earnings Yield		 4.92% 4.39% 4.41% 4.29% 3.64% 3.83% 3.58% 3.91% 4.28% - 4.49%
Enterprise Value to Invested Capital (EV/IC)		 1.27 1.38 1.37 1.41 1.53 1.45 1.54 1.45 1.37 - 1.31
Enterprise Value to Revenue (EV/Rev)		 14.83 15.71 15.55 15.87 17.60 17.11 18.04 16.97 15.89 - 15.17
Enterprise Value to EBITDA (EV/EBITDA)		 20.95 22.16 21.82 22.23 24.54 23.81 25.10 23.51 22.02 - 20.84
Enterprise Value to EBIT (EV/EBIT)		 32.33 34.58 34.13 35.00 38.47 37.28 39.25 36.67 34.29 - 32.36
Enterprise Value to NOPAT (EV/NOPAT)		 32.24 34.63 34.16 35.03 38.58 37.40 39.47 36.88 34.47 - 32.36
Enterprise Value to Operating Cash Flow (EV/OCF)		 18.75 19.83 21.27 23.25 25.92 26.10 24.13 22.70 21.19 - 20.10
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
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.90 0.89 0.90 0.92 0.84 0.78 0.84 0.81 0.79 - 0.73
Long-Term Debt to Equity		 0.90 0.88 0.89 0.92 0.84 0.78 0.84 0.81 0.79 - 0.72
Financial Leverage		 0.90 0.88 0.89 0.86 0.87 0.83 0.87 0.86 0.82 - 0.78
Leverage Ratio		 1.96 1.94 1.94 1.92 1.92 1.88 1.92 1.91 1.87 - 1.83
Compound Leverage Factor		 1.96 2.01 1.94 1.92 1.92 1.88 1.92 1.91 1.87 - 1.85
Debt to Total Capital		 47.32% 46.96% 47.23% 47.88% 45.69% 43.97% 45.68% 44.89% 44.27% - 42.06%
Short-Term Debt to Total Capital		 0.00% 0.12% 0.03% 0.01% 0.30% 0.02% 0.11% 0.20% 0.21% - 0.10%
Long-Term Debt to Total Capital		 47.32% 46.84% 47.21% 47.87% 45.39% 43.95% 45.57% 44.69% 44.06% - 41.96%
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		 0.09% 0.09% 0.09% 0.09% 0.09% 0.08% 0.08% 0.08% 0.08% - 0.07%
Common Equity to Total Capital		 52.59% 52.94% 52.68% 52.03% 54.23% 55.95% 54.24% 55.03% 55.65% - 57.87%
Debt to EBITDA		 7.80 7.55 7.50 7.55 7.33 7.20 7.46 7.27 7.14 - 6.67
Net Debt to EBITDA		 7.76 7.44 7.33 7.44 7.05 7.18 7.32 7.23 7.10 - 6.50
Long-Term Debt to EBITDA		 7.80 7.53 7.49 7.55 7.29 7.20 7.44 7.24 7.10 - 6.65
Debt to NOPAT		 11.99 11.80 11.74 11.90 11.53 11.32 11.73 11.40 11.17 - 10.35
Net Debt to NOPAT		 11.93 11.63 11.47 11.72 11.08 11.28 11.52 11.35 11.11 - 10.10
Long-Term Debt to NOPAT		 11.99 11.77 11.73 11.89 11.45 11.31 11.70 11.35 11.12 - 10.33
Noncontrolling Interest Sharing Ratio		 0.19% 0.19% 0.19% 0.18% 0.17% 0.16% 0.16% 0.16% 0.15% - 0.14%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -320 -217 -243 -129 -89 -187 -216 -243 -233 - -204
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%
Free Cash Flow to Firm to Interest Expense		 -26.05 -17.58 -19.76 -10.46 -7.22 -15.24 -16.95 -18.56 -17.97 - -15.56
Operating Cash Flow to Interest Expense		 3.51 2.95 2.25 3.22 3.52 2.72 4.05 3.35 3.78 - 3.59
Operating Cash Flow Less CapEx to Interest Expense		 3.51 2.95 2.25 3.22 3.52 2.72 4.05 3.35 3.78 - 3.59
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 - 0.09
Fixed Asset Turnover		 0.10 0.10 0.10 0.10 0.10 0.09 0.10 0.10 0.10 - 0.10
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,380 2,376 2,396 2,420 2,494 2,589 2,638 2,691 2,756 - 2,872
Invested Capital Turnover		 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 - 0.09
Increase / (Decrease) in Invested Capital		 344 242 267 154 115 214 242 271 262 - 234
Enterprise Value (EV)		 3,027 3,274 3,293 3,413 3,813 3,762 4,054 3,908 3,764 - 3,776
Market Capitalization		 1,904 2,172 2,185 2,269 2,716 2,625 2,869 2,704 2,549 - 2,595
Book Value per Share		 $13.82 $13.89 $13.76 $13.69 $14.60 $14.98 $14.31 $14.74 $14.68 - $15.14
Tangible Book Value per Share		 $12.47 $12.58 $12.50 $12.45 $13.32 $13.70 $13.11 $13.52 $13.50 - $13.99
Total Capital		 2,380 2,376 2,396 2,420 2,494 2,589 2,638 2,691 2,756 - 2,872
Total Debt		 1,126 1,116 1,132 1,159 1,140 1,138 1,205 1,208 1,220 - 1,208
Total Long-Term Debt		 1,126 1,113 1,131 1,159 1,132 1,138 1,202 1,203 1,214 - 1,205
Net Debt		 1,120 1,099 1,105 1,142 1,095 1,134 1,183 1,202 1,213 - 1,178
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - -0.34
Net Nonoperating Obligations (NNO)		 1,126 1,116 1,132 1,159 1,140 1,138 1,205 1,208 1,220 - 1,208
Total Depreciation and Amortization (D&A)		 14 14 14 14 14 15 15 15 16 - 17
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.27 $0.27 $0.26 $0.27 $0.27 $0.27 $0.26 $0.28 $0.28 $0.27 $0.28
Adjusted Weighted Average Basic Shares Outstanding		 90.37M 88.53M 91.72M 91.81M 94.39M 93.64M 99.71M 100.82M 103.88M 102.69M 109.28M
Adjusted Diluted Earnings per Share		 $0.27 $0.26 $0.26 $0.27 $0.27 $0.27 $0.26 $0.28 $0.28 $0.27 $0.28
Adjusted Weighted Average Diluted Shares Outstanding		 90.60M 88.75M 91.93M 91.99M 94.88M 94.06M 100.07M 101.17M 104.17M 102.95M 109.56M
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		 90.57M 91.99M 91.99M 92.66M 96.73M 99.97M 100.47M 104.46M 106.08M 109.75M 109.75M
Normalized Net Operating Profit after Tax (NOPAT)		 17 24 24 25 26 26 26 28 29 - 30
Normalized NOPAT Margin		 31.74% 46.82% 44.23% 45.49% 46.74% 46.57% 44.28% 46.69% 47.04% - 46.16%
Pre Tax Income Margin		 45.34% 46.97% 44.28% 45.65% 46.90% 46.76% 44.39% 46.88% 47.09% - 46.84%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.96 1.91 1.96 2.01 2.09 2.14 2.06 2.15 2.23 - 2.30
NOPAT to Interest Expense		 1.97 1.98 1.96 2.00 2.08 2.13 2.06 2.14 2.23 - 2.29
EBIT Less CapEx to Interest Expense		 1.96 1.91 1.96 2.01 2.09 2.14 2.06 2.15 2.23 - 2.30
NOPAT Less CapEx to Interest Expense		 1.97 1.98 1.96 2.00 2.08 2.13 2.06 2.14 2.23 - 2.29
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 124.04% 125.41% 126.78% 127.94% 127.08% 127.35% 128.45% 128.05% 128.36% - 127.02%
Augmented Payout Ratio		 124.04% 125.41% 126.78% 127.94% 127.08% 127.35% 128.45% 128.05% 128.36% - 127.02%

Financials Breakdown Chart

Key Financial Trends

Here are 10 key takeaways from Four Corners Property Trust (FCPT) using the latest four years of quarterly statements. Items are ordered with positive items first, then neutral, then negative.

  • Earnings stability in late 2025: Q4 2025 net income from continuing operations was $29,470,000 with basic/diluted earnings per share of $0.27. This sits alongside coherent Q3 2025 results of $28,877,000 and $0.28 per share, indicating a steady earnings base around $0.27–$0.28 per share across 2025 quarters.
  • Strong operating cash flow: Net cash from continuing operating activities was $48.0 million in Q4 2025, with Q3 2025 at about $48.9 million. This demonstrates solid, recurring cash generation from property operations.
  • Liquidity boost from financing activities: Net cash from continuing financing activities in Q4 2025 was $54.4 million, supported by equity issuance of $102.448 million and debt issuance of $37.0 million. This provides noticeable liquidity for the REIT's activities and distributions.
  • Sustained dividend per share: Common dividend per share remained attractive at $0.37 for Q4 2025 (Q3 2025 was $0.355; recent quarters have hovered in the mid-to-high $0.3s). This aligns with FCPT’s REIT dividend profile and income-focused investor base.
  • Asset and equity base showing size and strength: Total assets around $2.83 billion in mid-2025 (Q3), with total equity roughly near $1.53 billion. This reflects a solid, leverage-bearing asset base and a growing equity cushion.
  • Revenue range remains steady: 2025 quarters have total revenue generally in the $59–63 million band (Q4 2025: $62.666 million; Q3 2025: $61.382 million), indicating steady top-line performance as occupancy and rents trend.
  • Debt levelting: Long-term debt around $1.21 billion in Q3 2025, up modestly from mid-2025 and higher than earlier periods. This suggests incremental leverage, typical for a REIT financing strategy aimed at funding growth and distributions.
  • Material investing outflows: Net cash from continuing investing activities was substantial in 2025 (Q4: about -$97.0 million; Q3: about -$83.6 million). These outlays reflect ongoing capex and investment purchases, which pressure near-term cash balances.
  • Dividend funding reliance on external financing: The combination of sizable investing outflows and dividend payments means FCPT often relies on equity/debt issuances to fund distributions, raising questions about sustainability if financing markets tighten.
05/19/26 01:55 PM ETAI Generated. May Contain Errors.

Four Corners Property Trust Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Four Corners Property Trust's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Four Corners Property Trust's net income appears to be on an upward trend, with a most recent value of $112.49 million in 2025, rising from $5.70 million in 2015. The previous period was $100.60 million in 2024. View Four Corners Property Trust's forecast to see where analysts expect Four Corners Property Trust to go next.

Over the last 10 years, Four Corners Property Trust's total revenue changed from $31.25 million in 2015 to $243.06 million in 2025, a change of 677.7%.

Four Corners Property Trust's total liabilities were at $1.29 billion at the end of 2025, a 7.4% increase from 2024, and a 164.6% increase since 2015.

In the past 10 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 $12.14 million as of their latest financial filing in 2025.


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Financial statements for NYSE:FCPT last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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