Four Corners Property Trust, Inc. (FCPT) Stock Price & Analysis
Four Corners Property Trust, Inc. (FCPT) closed at USD 22.05 on Thursday, October 22, 2026, up 4.06% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 22.05; the Oct 22, 2026 session ranged USD 21.3–22.09 on volume of 947,390 shares. Market capitalization is —, with a 52-week range of USD 20.86–26.86 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 11:23 UTC.
Also available as compact Markdown for AI agents: nexqual.com/FCPT.md
Key facts (FCPT)
- Last four reported quarters (through Jun 30, 2026): revenue $306M, net income $119M (38.7% margin) (SEC filings).
- Total return with dividends: 1Y -4.8% vs S&P 500 +14.9%; 5Y -0.4% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD 0.28, revenue estimate $84.4M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (FCPT)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $199M | $223M | $251M | $268M | $294M | $306M |
| Net income | $85.6M | $97.8M | $95.3M | $100M | $112M | $119M |
| EPS (diluted) | $1.11 | $1.20 | $1.07 | $1.07 | $1.09 | — |
| Free cash flow | -$146M | -$154M | — | — | — | — |
| Net margin | 42.9% | 43.8% | 38.0% | 37.5% | 38.2% | 38.7% |
| Revenue growth | +16.6% | +11.9% | +12.3% | +7.0% | +9.7% | — |
| Cash + short-term investments | $6.3M | $26.3M | $16.3M | $4.1M | $12.1M | — |
| Total debt | — | — | $1.11B | $1.14B | $1.20B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (FCPT)
P/E at fiscal year-ends: Dec 2025 21.1x, Dec 2024 25.4x, Dec 2023 23.6x.
Analysts (FCPT)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Barclays | Target lowered | Equal-Weight | $30 → $25 |
| 2026-10-19 | Wells Fargo | Target lowered | Equal-Weight | $26 → $22 |
| 2026-10-06 | JP Morgan | Target lowered | Neutral | $29 → $26 |
| 2026-09-21 | Evercore ISI Group | Target lowered | In-Line | $28 → $26 |
| 2026-09-04 | Barclays | Target raised | Equal-Weight | $29 → $30 |
| 2026-08-25 | Citizens | Reiterated | Market Outperform | $28 |
| 2026-08-03 | Evercore ISI Group | Target raised | In-Line | $27 → $28 |
| 2026-07-22 | Barclays | Target lowered | Equal-Weight | $30 → $29 |
Total return (dividends reinvested) (FCPT)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -4.8% | -0.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -4.8% | -0.1% |
| Volatility (annualized) | 19.0% | 18.7% |
| Max drawdown | -19.4% (Jul 2026→Oct 2026) | -25.5% (Jan 2023→Oct 2023) |
FCPT revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Real Estate Operations | $70.3M | 89.6% | +8.6% |
| Restaurant Operations | $8.4M | 10.7% | +4.4% |
| Total revenue | $78.4M | 100% | — |
FCPT revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Real Estate | $70.3M | 89.6% | +8.6% |
| Restaurant | $8.4M | 10.7% | +4.4% |
| Total revenue | $78.4M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
FCPT suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Kerrow Holdings | “Although we intend to derive the majority of our revenue from leasing properties on a net basis to restaurant and retail operators, the Kerrow Restaurant Operating Business will provide us with a diversified revenue stream and equip us with the expertise to better analyze other restaurant properties that could serve as expansion opportunities.” |
| Partner | DARDEN RESTAURANTS INC (DRI) | “If we are unable to diversify our tenant and transaction partner base further beyond Darden, it may have a materially adverse effect on our ability to operate and grow our business and our ability to achieve our strategic objectives.” |
Quoted from the company's 10-K filed Feb 12, 2026.
FCPT customer concentration
In the period ended Jun 30, 2026, 2 direct customers each accounted for at least 10% (43.8%, 31.1%) of revenue, per the company's 10-Q filed Jul 30, 2026. The company does not name them.
FCPT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.28 | $0.29 | -2.5% | $84.4M | 3 |
| Next quarter (ends Dec 2026) | $0.28 | $0.29 | -4.3% | $86.4M | 3 |
| Current fiscal year (ends Dec 2026) | $1.11 | $1.14 | -2.5% | $323.3M | 3 |
| Next fiscal year (ends Dec 2027) | $1.08 | $1.14 | -5.6% | $348.1M | 3 |
FCPT options: expected move
Options price a move of about ±9.1% (±$2.01) by Nov 20, 2026, which includes earnings on Oct 28, 2026. Over the last 8 reports the stock moved ±1.8% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 42.6% | ±9.1% |
| Dec 18, 2026 | 56 | 40.9% | ±20.2% |
| Mar 19, 2027 | 147 | 24.6% | ±12.8% |
30-day implied volatility 23.8% vs 21.8% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 11:23 UTC)
| Price | USD 22.05 |
|---|---|
| Change | ▲ 4.06% (up) |
| Previous Close | USD 22.05 |
| Open | USD 22.05 |
| Day Range | USD 21.3 – 22.09 |
| 52-Week Range | USD 20.86 – 26.86 |
| Volume | 947,390 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (FCPT)
Nexqual's technical model rates FCPT "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 11:23 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 45.99 (neutral) |
| vs SMA50 | Below (USD 23.23) |
| MACD | -0.39 (negative) |
Earnings (FCPT)
| Next Earnings Date | 2026-10-28 |
|---|---|
| EPS Estimate | USD 0.28 |
| Revenue Estimate | $84.38M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.27 vs est 0.28 ▼ miss |
| 2026-03-31 | USD 0.28 vs est 0.28 ▲ beat |
| 2025-12-31 | USD 0.28 vs est 0.28 ▼ miss |
| 2025-09-30 | USD 0.28 vs est 0.28 ▼ miss |
Source: Nexqual, October 23, 2026 at 11:23 UTC.
Financials & Fundamentals (FCPT)
| Total Revenue | $306.40M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +7.70% |
| Gross Margin | +85.60% |
| Operating Margin | +55.08% |
| Profit Margin | +38.70% |
| ROE | +7.65% |
| Debt / Equity | 0.78 |
| Current Ratio | 0.25 |
| Total Cash | $40.09M |
| Total Debt | $1.26B |
Source: Nexqual, October 23, 2026 at 11:23 UTC.
Ownership (FCPT)
| Insider Ownership | +1.30% |
|---|---|
| Institutional Ownership | +105.61% |
| Shares Outstanding | 109.76M |
| Float | 108.38M |
| Short % of Float | +3.15% |
Source: Nexqual, October 23, 2026 at 11:23 UTC.
From Four Corners Property Trust, Inc.'s Latest SEC 10-K Filing (filed 2026-02-12)
Key Strengths & Strategy (as disclosed to the SEC)
- We believe that we have operated in conformity with the requirements for qualification and taxation as a REIT for the taxable year ended December 31, 2025, and we intend to continue to operate in a manner that will enable us to maintain our qualification as a REIT.
- Acquiring restaurant properties while also acquiring non-restaurant retail properties allows us to leverage our experience with the restaurant industry and accelerate our diversified growth and, in doing so, reduce our concentration with Darden.
- In particular, an UPREIT structure enables us to acquire additional properties from sellers in exchange for limited partnership units in FCPT OP.
- As a result, this structure potentially may facilitate our acquisition of assets in a more efficient manner and may allow us to acquire assets that the owner would otherwise be unwilling to sell to us.
Partnerships
- The key components of our business strategy, beyond managing our properties in accordance with our leases, include: Acquire Additional Restaurant and Retail Properties: Our investment strategy is primarily to acquire restaurant and retail properties that are occupied at well-located sites by nationally recognized brands with quality operators subject to long-term net leases.
- On October 30, 2025, the Company terminated the prior ATM program (the "prior ATM program") and entered into a new ATM program (the "ATM program" together with the prior ATM program, the "ATM programs"), pursuant to which shares of the Company's common stock having an aggregate gross sales price of up to $500.0 million through sales agents and forward sellers.
Legal & Regulatory Risks (Item 1A, quoted)
- Our tenants' businesses and our business through the operation of Kerrow are subject to government regulations and changes in current or future laws or regulations could restrict their ability to operate both their and our business in the manner currently contemplated.
- Environmental compliance costs and liabilities associated with real estate properties owned by us may materially impair the value of those investments.
- Compliance with the Americans with Disabilities Act and fire, safety and other regulations may require us to make unanticipated expenditures that materially adversely impact our cash flow.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| IVT | InvenTrust Properties Corp. | USD 30.14 | ▲ 2.55% |
| UE | Urban Edge Properties | USD 19.55 | ▲ 2.3% |
| AKR | Acadia Realty Trust | USD 18.78 | ▲ 3.19% |
| GTY | Getty Realty Corporation | USD 28.45 | ▲ 3.57% |
| CURB | Curbline Properties Corp. | USD 28.86 | ▲ 7.25% |
| NTST | NetSTREIT Corp. | USD 17.02 | ▲ 3.34% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 11:23 UTC. This page is informational and not investment advice.
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