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
Cash Cows: 7 High-Yielding REITs With Secure Dividends
FCPT Announces Acquisition of a 7-Eleven Property for $1.5 Million
BlackRock Inc. Takes $490.41 Million Position in Four Corners Property Trust, Inc. $FCPT
FCPT Announces Acquisition of Five Novant Health Urgent Care Properties for $11.7 Million
Four Corners Property Trust Q2 Earnings Call Highlights
FCPT Announces Sale-Leaseback of a Sun Auto Tire & Service Property for $2.5 Million
FCPT Announces Sale-Leaseback of a Sun Auto Tire & Service Property for $2.5 Million
Four Corners Property Trust, Inc. (FCPT) Q2 2026 Earnings Call Transcript
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
Other Retail REITs
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.