Four Corners Property Trust Inc. Common Stock (FCPT)

FairStock Score: 60/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with what the business owns and earns. Four Corners is a retail REIT that owns restaurant and retail properties and leases them net, so tenants bear many property costs. That can produce steady rent, but it is not a wide-moat business; it depends on tenant credit, location, and the cost of capital. Because this is a REIT, depreciation distorts EPS and P/E, and the right measures-FFO/AFFO-are not in the data. So I lean on dividend yield, leverage, revenue trend, and price-to-book. At the 2026-10-13 close of $21.43, FairStock calculates a dividend yield of 6.71%, a P/B of 2.07, and an FCF yield of 8.3%. The filed figures show fiscal year 2025, the period ended 2025-12-31, revenue of $31.5M, net income of $112.4M, and diluted EPS of $1.09; fiscal year 2024, the period ended 2024-12-31, revenue was $30.9M, net income $100.5M, and diluted EPS $1.07. Revenue has moved only modestly, while net income grew. The quarterly filings-fiscal Q2 2026, the quarter ended 2026-06-30, revenue of $8.4M and net income of $30.0M-look unusual, which is a yellow flag until FFO/AFFO and full statements are clear. Debt-to-equity is 0.78, but the Altman Z-Score of 1.00 and Piotroski F-Score of 3/9 suggest a fragile financial profile, and PEG of 2.66 with a slow-grower classification says the market is not paying for fast growth. A 6.71% yield and 8.3% FCF yield offer compensation, but I would want to see rent growth, acquisition discipline, and dividend coverage before calling it a bargain.

In plain English: Four Corners owns restaurant and retail buildings and leases them to tenants, who often pay many property costs. The company is profitable, pays a large dividend, and has grown slowly; its debt and some financial-health checks look only fair. At $21.43, the price looks fair rather than clearly cheap or expensive, with the dividend as the main attraction.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer