Four Corners Property Trust, Inc. FCPT
Four Corners Property Trust (FCPT), a real estate investment trust based in Mill Valley, California, specializes in acquiring and leasing properties primarily for restaurant operations. The company's strategy involves expanding its portfolio through the purchase of additional real estate, which it then net-leases to establishments within the restaurant and retail industries.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-12 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model FCPT yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $294.13M | $112.36M | $60.42M | $225.09M | $192.28M |
| 2024 | $268.07M | $100.47M | $54.51M | $204.65M | $144.10M |
| 2023 | $250.61M | $95.34M | $50.73M | $190.93M | $165.10M |
| 2022 | $223.19M | $97.77M | $41.47M | $176.02M | $142.00M |
| 2021 | $199.38M | $85.58M | $34.83M | $152.16M | $122.42M |
| 2020 | $170.94M | $77.33M | $29.43M | $136.48M | $91.46M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-09-30 | 2026-09-30 | 2026-10-15 | 2026-06-08 | $0.12 | Monthly |
| 2026-08-31 | 2026-08-31 | 2026-09-15 | 2026-06-08 | $0.12 | Monthly |
| 2026-07-31 | 2026-07-31 | 2026-08-17 | 2026-06-08 | $0.12 | Monthly |
| 2026-06-30 | 2026-06-30 | 2026-07-15 | 2026-06-08 | $0.37 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-15 | 2026-03-05 | $0.37 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-15 | 2025-11-10 | $0.37 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-15 | 2025-09-15 | $0.35 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-15 | 2025-06-09 | $0.35 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-15 | 2025-03-10 | $0.35 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-15 | 2024-11-11 | $0.35 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-15 | 2024-09-16 | $0.34 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-15 | 2024-06-11 | $0.34 | Quarterly |
| 2024-03-27 | 2024-03-28 | 2024-04-15 | 2024-03-11 | $0.34 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-12 | 2023-11-10 | $0.34 | Quarterly |
| 2023-09-28 | 2023-09-29 | 2023-10-13 | 2023-09-18 | $0.34 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-14 | 2023-06-14 | $0.34 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-14 | 2023-03-13 | $0.34 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-13 | 2022-11-14 | $0.34 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-14 | 2022-09-16 | $0.33 | Quarterly |
| 2022-06-29 | 2022-06-30 | 2022-07-15 | 2022-06-16 | $0.33 | Quarterly |
| 2022-03-30 | 2022-03-31 | 2022-04-14 | 2022-03-08 | $0.33 | Quarterly |
| 2021-12-31 | 2022-01-03 | 2022-01-14 | 2021-11-29 | $0.33 | Quarterly |
| 2021-10-06 | 2021-10-07 | 2021-10-15 | 2021-09-27 | $0.32 | Quarterly |
| 2021-06-29 | 2021-06-30 | 2021-07-15 | 2021-06-14 | $0.32 | Quarterly |
Coverage (payout of operating cash flow): 26.17%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — FCPT
FCPT Announces Acquisition of a Burger King Property for $1.6 Million
Four Corners Property Trust: Aggressive Diversification Advances, Now Paying Monthly Dividends
Shore Capital Partners Announces Sale of Shore Capital Real Estate Partners Fund I Portfolio to Four Corners Property Trust
FCPT Closes Acquisition of 102 Mission Pet Health Veterinary Properties for $268 Million as part of Previously Announced Mission Pet Health Veterinary Transaction
FCPT Announces Acquisition of a Gerber Collision Property for $4.8 Million
FCPT Announces Acquisition of a Drilling Tools International Property for $4.7 Million
FCPT to Report Second Quarter 2026 Financial Results
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.