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Four Corners Property Trust (FCPT) Financials

Four Corners Property Trust logo
$25.70 -0.21 (-0.81%)
Closing price 08/8/2025 03:59 PM Eastern
Extended Trading
$25.70 0.00 (-0.02%)
As of 08/8/2025 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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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
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
Net Income / (Loss) Attributable to Common Shareholders		 5.70 157 71 82 73 77 86 98 95 100
Consolidated Net Income / (Loss)		 5.70 157 72 83 73 78 86 98 95 101
Net Income / (Loss) Continuing Operations		 5.70 157 61 -61 73 78 86 98 95 101
Total Pre-Tax Income 		8.64 77 61 -60 73 78 85 98 96 101
Total Revenue		 31 -15 -19 -4.69 135 142 167 195 208 220
Net Interest Income / (Expense)		 -2.20 -15 -19 -20 -27 -29 -33 -36 -45 -49
Total Interest Income		 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
Long-Term Debt Interest Expense		 - 15 19 20 27 29 33 36 45 49
Total Non-Interest Income		 33 0.00 0.32 15 161 171 200 232 253 269
Other Service Charges		 - - 0.32 - 0.94 - 0.04 0.54 - 0.96
Net Realized & Unrealized Capital Gains on Investments		 - - - 15 21 0.00 27 8.14 2.34 0.00
Other Non-Interest Income		 33 - - - 140 171 173 223 251 268
Total Non-Interest Expense		 23 -75 -80 57 61 64 82 97 114 119
Other Operating Expenses		 19 -95 -102 33 35 35 47 56 63 64
Depreciation Expense		 3.76 21 22 24 26 29 35 41 51 55
Income Tax Expense		 2.94 -80 -0.02 0.26 0.27 0.25 -0.53 0.24 0.13 0.31
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
Basic Earnings per Share		 $0.92 $2.75 $1.18 $1.29 $1.06 $1.08 $1.12 $1.20 $1.08 $1.07
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
Diluted Earnings per Share		 $0.91 $2.63 $1.18 $1.28 $1.06 $1.08 $1.11 $1.20 $1.07 $1.07
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
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
Cash Dividends to Common per Share		 - $0.97 $1.00 $1.11 $1.17 $1.23 $1.29 $1.34 $1.37 $1.39

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 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 25 23 23 24 24 24 24 25 26 26 26
Consolidated Net Income / (Loss)		 25 23 23 24 24 24 24 25 26 26 26
Net Income / (Loss) Continuing Operations		 25 23 23 24 24 24 24 25 26 26 26
Total Pre-Tax Income 		25 23 23 24 24 25 24 25 26 26 26
Total Revenue		 49 49 52 51 53 52 54 54 55 56 59
Net Interest Income / (Expense)		 -9.18 -9.82 -9.92 -10 -12 -12 -12 -12 -12 -12 -13
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 9.18 9.82 9.92 10 12 12 12 12 12 12 13
Long-Term Debt Interest Expense		 9.18 9.82 9.92 10 12 12 12 12 12 12 13
Total Non-Interest Income		 58 58 62 61 65 65 67 67 67 69 72
Other Service Charges		 - - 0.30 0.23 0.28 - 0.24 0.15 0.33 0.24 0.39
Other Non-Interest Income		 56 57 60 61 65 65 66 66 67 68 71
Total Non-Interest Expense		 24 25 29 27 29 29 30 30 29 30 33
Other Operating Expenses		 14 14 17 15 16 15 17 16 15 16 18
Depreciation Expense		 11 11 12 12 13 13 13 13 14 14 14
Income Tax Expense		 -0.02 0.03 0.05 0.09 -0.09 0.08 0.03 0.09 0.09 0.11 0.06
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		 $0.30 $0.27 $0.27 $0.27 $0.27 $0.27 $0.26 $0.27 $0.27 $0.27 $0.26
Weighted Average Basic Shares Outstanding		 81.88M 81.59M 85.83M 87.37M 90.37M 88.53M 91.72M 91.81M 94.39M 93.64M 99.71M
Diluted Earnings per Share		 $0.30 $0.27 $0.27 $0.27 $0.27 $0.26 $0.26 $0.27 $0.27 $0.27 $0.26
Weighted Average Diluted Shares Outstanding		 82.12M 81.81M 86.10M 87.56M 90.60M 88.75M 91.93M 91.99M 94.88M 94.06M 100.07M
Weighted Average Basic & Diluted Shares Outstanding		 83.89M 86.09M 87.03M 90.57M 90.57M 91.99M 91.99M 92.66M 96.73M 99.97M 100.47M
Cash Dividends to Common per Share		 $0.33 $0.34 $0.34 $0.34 $0.34 $0.34 $0.35 $0.35 $0.35 $0.36 $0.36

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
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
Net Change in Cash & Equivalents		 98 -71 43 24 -88 5.98 -4.76 20 -1.51 -21
Net Cash From Operating Activities		 22 71 79 81 105 91 122 142 165 144
Net Cash From Continuing Operating Activities		 22 71 79 81 105 91 122 142 165 144
Net Income / (Loss) Continuing Operations		 5.70 157 72 83 73 78 86 98 95 101
Consolidated Net Income / (Loss)		 5.70 157 72 83 73 78 86 98 95 101
Depreciation Expense		 3.76 21 22 24 26 29 35 41 51 55
Amortization Expense		 0.27 1.59 2.14 1.83 2.05 2.13 2.37 2.10 2.31 2.60
Non-Cash Adjustments to Reconcile Net Income		 1.32 -96 -8.05 -11 3.76 4.67 4.77 -1.14 5.73 8.86
Changes in Operating Assets and Liabilities, net		 11 -12 -8.85 -16 -0.39 -22 -5.30 1.65 11 -22
Net Cash From Investing Activities		 -0.56 -59 -80 -247 -207 -229 -265 -271 -313 -273
Net Cash From Continuing Investing Activities		 -0.56 -59 -80 -247 -207 -229 -265 -271 -313 -273
Acquisitions		 0.00 -0.15 -0.95 - -2.20 1.46 0.13 0.38 0.51 0.10
Purchase of Investment Securities		 - - - - - - -268 -296 -341 -273
Sale and/or Maturity of Investments		 0.00 24 16 21 0.00 0.00 3.34 25 28 0.00
Net Cash From Financing Activities		 77 -83 44 190 15 144 138 149 146 108
Net Cash From Continuing Financing Activities		 77 -83 44 190 15 144 138 149 146 108
Issuance of Debt		 400 45 161 125 52 302 291 183 245 302
Issuance of Common Equity		 0.00 0.64 32 162 47 152 117 142 153 216
Repayment of Debt		 -315 -7.08 -83 -26 0.00 -219 -165 -64 -129 -278
Repurchase of Common Equity		 - - - 0.00 -3.17 -0.81 0.00 0.00 0.00 0.00
Payment of Dividends		 -0.12 -122 -59 -70 -78 -86 -97 -108 -120 -128
Other Financing Activities, Net		 -7.96 0.00 -6.95 -0.39 -3.06 -4.01 -7.87 -4.39 -3.51 -3.70
Cash Interest Paid		 0.98 13 14 20 26 23 23 31 49 59
Cash Income Taxes Paid		 0.00 2.17 0.56 0.47 0.59 0.60 0.31 0.33 0.37 0.45

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 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 15 -10 5.10 -20 5.10 8.48 1.98 -9.60 27 -40 18
Net Cash From Operating Activities		 44 33 38 48 43 36 28 40 43 33 52
Net Cash From Continuing Operating Activities		 44 33 38 48 43 36 28 40 43 33 52
Net Income / (Loss) Continuing Operations		 25 23 23 24 24 24 24 25 26 26 26
Consolidated Net Income / (Loss)		 25 23 23 24 24 24 24 25 26 26 26
Depreciation Expense		 11 11 12 12 13 13 13 13 14 14 14
Amortization Expense		 0.50 0.64 0.56 0.56 0.59 0.59 0.64 0.65 0.65 0.65 0.78
Non-Cash Adjustments to Reconcile Net Income		 -0.20 1.17 0.66 1.87 1.50 1.71 2.12 2.21 2.27 2.26 3.19
Changes in Operating Assets and Liabilities, net		 8.66 -3.05 1.38 9.74 3.43 -3.67 -13 -1.23 1.26 -9.81 6.97
Net Cash From Investing Activities		 -64 -119 -10 -173 -121 -8.38 -16 -47 -73 -136 -58
Net Cash From Continuing Investing Activities		 -64 -119 -10 -173 -121 -8.38 -16 -47 -73 -136 -58
Acquisitions		 0.18 0.84 -0.98 -0.78 1.72 0.54 0.23 0.18 -0.51 0.21 -0.24
Purchase of Investment Securities		 -72 -124 -21 -174 -133 -13 -17 -47 -73 -136 -58
Net Cash From Financing Activities		 35 76 -22 105 83 -20 -9.20 -2.31 57 62 25
Net Cash From Continuing Financing Activities		 35 76 -22 105 83 -20 -9.20 -2.31 57 62 25
Issuance of Debt		 - 30 0.00 15 203 27 119 39 38 106 118
Issuance of Common Equity		 62 76 8.91 119 - 25 6.90 2.39 116 91 0.00
Repayment of Debt		 - - 0.00 - -88 -41 -100 -12 -65 -101 -48
Payment of Dividends		 -27 -27 -29 -29 -31 -31 -32 -32 -32 -33 -35
Other Financing Activities, Net		 -0.04 -2.20 -2.30 -0.04 -1.14 -0.04 -3.55 -0.04 -0.06 -0.04 -9.93
Cash Interest Paid		 4.99 13 7.86 15 9.77 16 13 16 14 15 13
Cash Income Taxes Paid		 0.05 -0.03 0.00 0.34 0.01 0.01 0.00 0.38 0.03 0.04 0.02

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

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
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
Total Assets		 2,100 2,198 2,338 2,456 2,463 2,486 2,564 2,711
Cash and Due from Banks		 37 31 11 5.68 26 17 44 22
Trading Account Securities		 36 28 28 31 24 24 14 15
Loans and Leases, Net of Allowance		 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
Intangible Assets		 107 102 114 122 116 114 118 120
Other Assets		 72 77 77 89 79 77 79 83
Total Liabilities & Shareholders' Equity		 2,100 2,198 2,338 2,456 2,463 2,486 2,564 2,711
Total Liabilities		 1,031 1,065 1,083 1,202 1,198 1,225 1,210 1,278
Short-Term Debt		 0.00 - - 0.00 0.61 0.35 7.37 2.99
Other Short-Term Payables		 27 - - 31 32 32 33 35
Long-Term Debt		 967 996 1,012 1,126 1,131 1,159 1,132 1,202
Other Long-Term Liabilities		 37 68 71 45 35 34 37 38
Total Equity & Noncontrolling Interests		 1,069 1,133 1,255 1,254 1,264 1,261 1,355 1,433
Total Preferred & Common Equity		 1,066 1,131 1,253 1,251 1,262 1,259 1,353 1,431
Preferred Stock		 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
Common Stock		 1,028 1,113 1,234 1,235 1,268 1,272 1,390 1,482
Retained Earnings		 6.77 -5.50 -13 -19 -34 -41 -49 -67
Accumulated Other Comprehensive Income / (Loss)		 32 23 32 35 28 28 11 15
Noncontrolling Interest		 2.27 2.24 2.20 2.24 2.21 2.20 2.17 2.16

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
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
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 76.62% -147.45% -29.11% 75.51% 2,972.46% 5.24% 18.05% 16.85% 6.58% 5.50%
EBITDA Growth		 1,582.07% 547.02% 4.08% -141.63% 386.05% 7.53% 12.08% 15.78% 4.23% 6.97%
EBIT Growth		 7,957.27% 591.69% 2.61% -199.81% 219.57% 6.07% 9.75% 15.18% -3.54% 6.58%
NOPAT Growth		 7,501.30% 2,050.73% -49.94% -169.85% 270.19% 6.11% 10.79% 14.19% -3.44% 6.40%
Net Income Growth		 17,709.38% 2,652.24% -54.17% 15.35% -12.05% 6.35% 10.54% 14.19% -2.50% 5.38%
EPS Growth		 0.00% 189.01% -55.13% 8.47% -17.19% 1.89% 2.78% 8.11% -10.83% 0.00%
Operating Cash Flow Growth		 2,157.34% 227.01% 11.29% 2.45% 29.41% -12.63% 33.85% 16.00% 16.27% -12.72%
Free Cash Flow Firm Growth		 -8,932.77% 105.85% -240.55% -374.39% 95.66% -893.54% -0.46% -40.22% 24.29% 23.20%
Invested Capital Growth		 9,173.41% 8.94% 14.17% 26.70% 6.60% 15.37% 13.88% 15.87% 11.33% 8.99%
Revenue Q/Q Growth		 0.00% -115.06% -79.21% 65.32% 3,211.06% 4.48% 2.08% 2.16% 2.06% 1.44%
EBITDA Q/Q Growth		 0.00% 13.83% -7.77% -138.12% 356.67% 5.48% 0.17% 1.44% 2.26% 1.68%
EBIT Q/Q Growth		 0.00% 14.88% -11.53% -188.68% 206.59% 6.39% -1.52% 0.15% 1.11% 1.79%
NOPAT Q/Q Growth		 0.00% -5.45% -11.25% -161.62% 253.04% 7.26% -0.77% -0.85% 0.68% 1.77%
Net Income Q/Q Growth		 0.00% 21.00% -16.34% 3.56% -3.11% 1.72% 4.16% -0.85% 1.66% 1.77%
EPS Q/Q Growth		 0.00% 0.00% -15.11% 0.00% -3.64% 0.93% 1.83% -2.44% -0.93% 0.94%
Operating Cash Flow Q/Q Growth		 1,660.80% -2.13% -0.68% -4.56% 8.81% 3.02% 1.92% 3.16% 2.29% -2.03%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 45.47% -219.34% 90.71% 5.70% 14.62% -17.27% 41.16% -617.24%
Invested Capital Q/Q Growth		 0.00% 8.29% 0.54% 9.39% 7.50% 6.22% 3.97% 4.82% -0.18% 3.80%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 40.53% 0.00% 0.00% 0.00% 75.42% 77.06% 73.17% 72.50% 70.90% 71.89%
EBIT Margin		 27.65% 0.00% 0.00% 0.00% 54.36% 54.79% 50.94% 50.21% 45.44% 45.91%
Profit (Net Income) Margin		 18.24% 0.00% 0.00% 0.00% 54.16% 54.74% 51.26% 50.09% 45.82% 45.77%
Tax Burden Percent		 65.94% 205.02% 117.20% -137.20% 99.64% 99.68% 100.63% 99.76% 99.86% 99.69%
Interest Burden Percent		 100.00% 127.97% 100.00% 98.72% 100.00% 100.22% 100.00% 100.00% 100.97% 100.00%
Effective Tax Rate		 34.06% -105.02% -0.03% 0.00% 0.36% 0.32% -0.63% 0.24% 0.14% 0.31%
Return on Invested Capital (ROIC)		 1.35% 0.00% 0.00% 0.00% 5.37% 5.13% 4.96% 4.93% 4.19% 4.05%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.35% 0.00% 0.00% 0.00% 5.37% 5.15% 4.96% 4.93% 4.28% 4.05%
Return on Net Nonoperating Assets (RNNOA)		 1.23% 0.00% 0.00% 0.00% 4.86% 4.75% 4.52% 4.39% 3.77% 3.37%
Return on Equity (ROE)		 2.58% 34.41% 14.49% 13.58% 10.23% 9.87% 9.48% 9.31% 7.96% 7.42%
Cash Return on Invested Capital (CROIC)		 -194.38% 5.50% -6.93% -27.20% -1.02% -9.14% -8.02% -9.78% -6.53% -4.55%
Operating Return on Assets (OROA)		 1.84% 0.00% 0.00% 0.00% 5.25% 4.99% 4.77% 4.79% 4.07% 3.95%
Return on Assets (ROA)		 1.21% 0.00% 0.00% 0.00% 5.23% 4.98% 4.80% 4.77% 4.11% 3.94%
Return on Common Equity (ROCE)		 2.58% 34.41% 14.49% 13.49% 10.13% 9.82% 9.46% 9.30% 7.95% 7.41%
Return on Equity Simple (ROE_SIMPLE)		 1.29% 33.36% 13.77% 12.00% 10.12% 9.22% 8.92% 8.62% 7.59% 6.94%
Net Operating Profit after Tax (NOPAT)		 5.70 123 61 -43 73 77 86 98 95 101
NOPAT Margin		 18.24% 0.00% 0.00% 0.00% 54.16% 54.62% 51.26% 50.09% 45.38% 45.77%
Net Nonoperating Expense Percent (NNEP)		 0.00% -8.24% -2.21% -22.23% 0.00% -0.02% 0.00% 0.00% -0.09% 0.00%
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		 72.35% 0.00% 0.00% 0.00% 45.64% 45.21% 49.06% 49.79% 54.56% 54.09%
Earnings before Interest and Taxes (EBIT)		 8.64 60 61 -61 73 78 85 98 95 101
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 13 82 85 -36 102 109 122 142 148 158
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.99 1.82 2.19 1.93 2.11 2.17 2.07 1.72 1.73 1.81
Price to Tangible Book Value (P/TBV)		 0.99 1.82 2.20 1.99 2.30 2.45 2.32 1.90 1.91 1.98
Price to Revenue (P/Rev)		 14.04 0.00 0.00 0.00 11.32 12.88 11.88 9.98 10.43 11.94
Price to Earnings (P/E)		 76.98 5.46 16.00 16.20 20.99 23.60 23.23 19.96 22.79 26.13
Dividend Yield		 0.00% 63.53% 5.37% 5.58% 5.20% 4.96% 5.00% 5.75% 5.69% 5.12%
Earnings Yield		 1.30% 18.30% 6.25% 6.17% 4.77% 4.24% 4.31% 5.01% 4.39% 3.83%
Enterprise Value to Invested Capital (EV/IC)		 0.88 1.40 1.54 1.42 1.57 1.60 1.55 1.37 1.38 1.45
Enterprise Value to Revenue (EV/Rev)		 23.47 0.00 0.00 0.00 16.33 18.27 17.10 14.95 15.71 17.11
Enterprise Value to EBITDA (EV/EBITDA)		 57.91 15.49 18.68 0.00 21.66 23.71 23.38 20.63 22.16 23.81
Enterprise Value to EBIT (EV/EBIT)		 84.86 21.23 25.98 0.00 30.05 33.35 33.58 29.78 34.58 37.28
Enterprise Value to NOPAT (EV/NOPAT)		 128.69 10.35 25.97 0.00 30.16 33.46 33.37 29.86 34.63 37.40
Enterprise Value to Operating Cash Flow (EV/OCF)		 33.81 17.89 20.19 23.08 21.01 28.31 23.37 20.59 19.83 26.10
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 26.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.89 0.93 0.99 0.88 0.93 0.91 0.91 0.87 0.89 0.78
Long-Term Debt to Equity		 0.89 0.93 0.99 0.88 0.92 0.89 0.91 0.87 0.88 0.78
Financial Leverage		 0.91 0.91 0.96 0.93 0.91 0.92 0.91 0.89 0.88 0.83
Leverage Ratio		 2.13 2.05 2.02 1.97 1.96 1.98 1.97 1.95 1.94 1.88
Compound Leverage Factor		 2.13 2.62 2.02 1.95 1.96 1.99 1.97 1.95 1.96 1.88
Debt to Total Capital		 47.07% 48.28% 49.68% 46.84% 48.15% 47.78% 47.66% 46.65% 46.96% 43.97%
Short-Term Debt to Total Capital		 0.06% 0.00% 0.00% 0.00% 0.36% 1.16% 0.00% 0.00% 0.12% 0.02%
Long-Term Debt to Total Capital		 47.01% 48.28% 49.68% 46.84% 47.80% 46.62% 47.66% 46.65% 46.84% 43.95%
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		 0.00% 0.00% 0.00% 0.60% 0.41% 0.19% 0.12% 0.11% 0.09% 0.08%
Common Equity to Total Capital		 52.93% 51.72% 50.32% 52.56% 51.44% 52.03% 52.22% 53.24% 52.94% 55.95%
Debt to EBITDA		 31.01 5.36 6.04 -17.35 6.65 7.07 7.17 7.02 7.55 7.20
Net Debt to EBITDA		 23.27 5.03 5.29 -14.75 6.60 6.97 7.12 6.84 7.44 7.18
Long-Term Debt to EBITDA		 30.97 5.36 6.04 -17.35 6.60 6.90 7.17 7.02 7.53 7.20
Debt to NOPAT		 68.92 3.58 8.40 -14.37 9.25 9.98 10.23 10.17 11.80 11.32
Net Debt to NOPAT		 51.71 3.36 7.35 -12.22 9.18 9.84 10.16 9.90 11.63 11.28
Long-Term Debt to NOPAT		 68.84 3.58 8.40 -14.37 9.18 9.74 10.23 10.17 11.77 11.31
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.64% 0.95% 0.56% 0.29% 0.21% 0.19% 0.16%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -820 48 -67 -320 -14 -138 -139 -194 -147 -113
Operating Cash Flow to CapEx		 3,901.62% 85.20% 83.00% 30.15% 51.02% 39.67% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -372.09 3.24 -3.46 -16.03 -0.52 -4.72 -4.26 -5.34 -3.30 -2.30
Operating Cash Flow to Interest Expense		 9.85 4.78 4.05 4.05 3.95 3.13 3.76 3.90 3.70 2.93
Operating Cash Flow Less CapEx to Interest Expense		 9.59 -0.83 -0.83 -9.39 -3.79 -4.76 3.76 3.90 3.70 2.93
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.07 0.00 0.00 0.00 0.10 0.09 0.09 0.10 0.09 0.09
Fixed Asset Turnover		 0.07 0.00 0.00 0.00 0.11 0.10 0.10 0.11 0.10 0.09
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 834 909 1,038 1,315 1,402 1,617 1,841 2,134 2,376 2,589
Invested Capital Turnover		 0.07 0.00 0.00 0.00 0.10 0.09 0.10 0.10 0.09 0.09
Increase / (Decrease) in Invested Capital		 825 75 129 277 87 215 224 292 242 214
Enterprise Value (EV)		 733 1,269 1,594 1,867 2,199 2,590 2,861 2,923 3,274 3,762
Market Capitalization		 439 857 1,143 1,335 1,524 1,825 1,988 1,952 2,172 2,625
Book Value per Share		 $10.33 $7.85 $8.53 $10.20 $10.46 $11.46 $12.43 $13.54 $13.89 $14.98
Tangible Book Value per Share		 $10.33 $7.85 $8.47 $9.92 $9.62 $10.15 $11.08 $12.28 $12.58 $13.70
Total Capital		 834 909 1,038 1,315 1,402 1,617 1,841 2,134 2,376 2,589
Total Debt		 393 439 516 616 675 773 878 995 1,116 1,138
Total Long-Term Debt		 392 439 516 616 670 754 878 995 1,113 1,138
Net Debt		 295 412 451 524 670 762 871 969 1,099 1,134
Capital Expenditures (CapEx)		 0.56 83 95 268 205 231 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 -34 -11 -126 0.00 -0.17 0.00 0.00 -0.92 0.00
Net Nonoperating Obligations (NNO)		 393 439 516 616 675 773 878 995 1,116 1,138
Total Depreciation and Amortization (D&A)		 4.02 22 24 26 28 32 37 44 53 57
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
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
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
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
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
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
Normalized Net Operating Profit after Tax (NOPAT)		 5.70 42 43 -43 73 77 60 98 95 101
Normalized NOPAT Margin		 18.24% 0.00% 0.00% 0.00% 54.16% 54.62% 35.66% 50.09% 45.38% 45.77%
Pre Tax Income Margin		 27.65% 0.00% 0.00% 0.00% 54.36% 54.91% 50.94% 50.21% 45.88% 45.91%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 3.92 4.03 3.15 -3.07 2.76 2.66 2.62 2.70 2.12 2.05
NOPAT to Interest Expense		 2.59 8.27 3.15 -2.15 2.75 2.65 2.63 2.69 2.12 2.04
EBIT Less CapEx to Interest Expense		 3.67 -1.58 -1.73 -16.51 -4.98 -5.23 2.62 2.70 2.12 2.05
NOPAT Less CapEx to Interest Expense		 2.33 2.65 -1.73 -15.59 -4.99 -5.24 2.63 2.69 2.12 2.04
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 2.14% 77.53% 81.64% 84.35% 107.61% 111.29% 113.01% 109.84% 125.41% 127.35%
Augmented Payout Ratio		 2.14% 77.53% 81.64% 84.35% 111.95% 112.34% 113.01% 109.84% 125.41% 127.35%

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 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 14.77% 9.29% 12.62% -2.14% 9.26% 7.54% 4.88% 6.41% 3.07% 7.72% 9.14%
EBITDA Growth		 15.83% 6.12% 10.44% -7.15% 7.52% 7.80% 6.30% 7.36% 4.85% 9.40% 9.20%
EBIT Growth		 14.36% 0.66% 3.71% -16.05% -1.08% 2.16% 3.87% 4.39% 6.63% 11.39% 10.01%
NOPAT Growth		 14.99% -3.52% 3.90% -15.94% -0.80% 6.81% 3.97% 4.43% 5.87% 7.14% 9.87%
Net Income Growth		 15.77% -3.52% 3.90% -16.03% -1.47% 6.81% 3.97% 4.43% 5.87% 7.14% 8.77%
EPS Growth		 7.14% -10.00% -3.57% -22.86% -10.00% -3.70% -3.70% 0.00% 0.00% 3.85% 0.00%
Operating Cash Flow Growth		 25.38% 15.31% 8.97% 56.81% -2.20% 11.29% -27.17% -16.73% 0.62% -8.22% 86.64%
Free Cash Flow Firm Growth		 -5.51% -34.27% 43.58% -18.83% -33.19% 19.36% -48.43% 54.78% 72.17% 13.73% 11.15%
Invested Capital Growth		 14.93% 15.87% 9.61% 15.77% 16.90% 11.33% 12.53% 6.78% 4.82% 8.99% 10.10%
Revenue Q/Q Growth		 -6.69% -0.16% 8.03% -1.66% 4.17% -1.73% 2.37% -0.22% 0.91% 2.70% 5.08%
EBITDA Q/Q Growth		 -8.89% -1.79% 4.87% 0.51% 5.50% -1.52% -0.64% 1.52% 3.03% 2.75% 0.97%
EBIT Q/Q Growth		 -13.86% -5.11% 2.76% 2.34% 1.50% -2.00% -1.79% 2.85% 3.69% 2.37% -0.24%
NOPAT Q/Q Growth		 -13.34% -6.10% 1.11% 2.16% 2.27% 1.11% -1.58% 2.61% 3.68% 2.32% -0.08%
Net Income Q/Q Growth		 -12.84% -6.73% 1.11% 2.16% 2.27% 1.11% -1.58% 2.61% 3.68% 2.32% -0.08%
EPS Q/Q Growth		 -14.29% -10.00% 0.00% 0.00% 0.00% -3.70% 0.00% 3.85% 0.00% 0.00% -3.70%
Operating Cash Flow Q/Q Growth		 45.13% -25.81% 15.95% 25.60% -9.48% -15.58% -24.12% 43.62% 9.37% -23.00% 54.31%
Free Cash Flow Firm Q/Q Growth		 -0.11% -12.20% 39.31% -74.34% -12.20% 32.07% -11.70% 46.89% 30.95% -110.60% -15.16%
Invested Capital Q/Q Growth		 3.97% 4.82% -0.22% 6.47% 4.98% -0.18% 0.85% 1.03% 3.06% 3.80% 1.88%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 72.85% 71.66% 69.26% 70.79% 71.69% 71.84% 70.20% 71.42% 72.92% 72.96% 70.11%
EBIT Margin		 50.07% 47.59% 44.71% 46.53% 45.34% 45.21% 44.28% 45.65% 46.90% 46.76% 44.39%
Profit (Net Income) Margin		 50.46% 47.14% 44.62% 46.35% 45.50% 46.82% 44.23% 45.49% 46.74% 46.57% 44.28%
Tax Burden Percent		 100.09% 99.88% 99.79% 99.62% 100.37% 99.67% 99.89% 99.65% 99.65% 99.60% 99.76%
Interest Burden Percent		 100.67% 99.17% 100.00% 100.00% 100.00% 103.89% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 -0.09% 0.12% 0.21% 0.38% -0.37% 0.33% 0.11% 0.35% 0.35% 0.40% 0.24%
Return on Invested Capital (ROIC)		 5.04% 4.64% 4.40% 4.38% 4.21% 4.33% 4.14% 4.17% 4.16% 4.12% 3.95%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.06% 4.64% 4.40% 4.38% 4.21% 4.33% 4.14% 4.17% 4.16% 4.12% 3.95%
Return on Net Nonoperating Assets (RNNOA)		 4.84% 4.13% 4.10% 3.86% 3.79% 3.81% 3.68% 3.60% 3.61% 3.43% 3.43%
Return on Equity (ROE)		 9.87% 8.77% 8.50% 8.24% 8.00% 8.13% 7.82% 7.77% 7.77% 7.55% 7.38%
Cash Return on Invested Capital (CROIC)		 -8.71% -9.78% -4.32% -10.15% -11.33% -6.53% -7.53% -2.40% -0.65% -4.55% -5.54%
Operating Return on Assets (OROA)		 4.87% 4.54% 4.28% 4.27% 4.06% 4.05% 4.03% 4.07% 4.05% 4.03% 3.86%
Return on Assets (ROA)		 4.90% 4.49% 4.27% 4.26% 4.08% 4.20% 4.02% 4.06% 4.03% 4.01% 3.85%
Return on Common Equity (ROCE)		 9.85% 8.75% 8.48% 8.22% 7.98% 8.12% 7.80% 7.76% 7.75% 7.54% 7.37%
Return on Equity Simple (ROE_SIMPLE)		 9.26% 0.00% 8.74% 7.52% 7.50% 0.00% 7.64% 7.74% 7.31% 0.00% 7.18%
Net Operating Profit after Tax (NOPAT)		 24 23 23 24 24 24 24 25 26 26 26
NOPAT Margin		 50.12% 47.14% 44.62% 46.35% 45.50% 46.82% 44.23% 45.49% 46.74% 46.57% 44.28%
Net Nonoperating Expense Percent (NNEP)		 -0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
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% 0.00%
Operating Expenses to Revenue		 49.93% 52.41% 55.29% 53.47% 54.66% 54.79% 55.72% 54.35% 53.10% 53.24% 55.61%
Earnings before Interest and Taxes (EBIT)		 24 23 23 24 24 24 24 25 26 26 26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 35 35 36 36 38 38 38 39 40 41 41
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.68 1.72 1.91 1.67 1.52 1.73 1.73 1.80 2.01 1.81 2.01
Price to Tangible Book Value (P/TBV)		 1.86 1.90 2.09 1.83 1.69 1.91 1.91 1.98 2.20 1.98 2.19
Price to Revenue (P/Rev)		 9.35 9.98 10.73 10.45 9.33 10.43 10.32 10.55 12.53 11.94 12.77
Price to Earnings (P/E)		 18.14 19.96 21.84 22.17 20.31 22.79 22.70 23.32 27.51 26.13 27.97
Dividend Yield		 6.06% 5.75% 5.38% 5.64% 6.47% 5.69% 5.68% 5.57% 4.71% 5.12% 4.88%
Earnings Yield		 5.51% 5.01% 4.58% 4.51% 4.92% 4.39% 4.41% 4.29% 3.64% 3.83% 3.58%
Enterprise Value to Invested Capital (EV/IC)		 1.34 1.37 1.47 1.36 1.27 1.38 1.37 1.41 1.53 1.45 1.54
Enterprise Value to Revenue (EV/Rev)		 14.22 14.95 15.55 15.48 14.83 15.71 15.55 15.87 17.60 17.11 18.04
Enterprise Value to EBITDA (EV/EBITDA)		 19.48 20.63 21.59 21.79 20.95 22.16 21.82 22.23 24.54 23.81 25.10
Enterprise Value to EBIT (EV/EBIT)		 27.77 29.78 31.71 32.90 32.33 34.58 34.13 35.00 38.47 37.28 39.25
Enterprise Value to NOPAT (EV/NOPAT)		 27.56 29.86 31.60 32.78 32.24 34.63 34.16 35.03 38.58 37.40 39.47
Enterprise Value to Operating Cash Flow (EV/OCF)		 19.77 20.59 21.51 19.03 18.75 19.83 21.27 23.25 25.92 26.10 24.13
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 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.90 0.87 0.88 0.81 0.90 0.89 0.90 0.92 0.84 0.78 0.84
Long-Term Debt to Equity		 0.90 0.87 0.88 0.81 0.90 0.88 0.89 0.92 0.84 0.78 0.84
Financial Leverage		 0.96 0.89 0.93 0.88 0.90 0.88 0.89 0.86 0.87 0.83 0.87
Leverage Ratio		 2.02 1.95 1.99 1.94 1.96 1.94 1.94 1.92 1.92 1.88 1.92
Compound Leverage Factor		 2.04 1.93 1.99 1.94 1.96 2.01 1.94 1.92 1.92 1.88 1.92
Debt to Total Capital		 47.50% 46.65% 46.78% 44.63% 47.32% 46.96% 47.23% 47.88% 45.69% 43.97% 45.68%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.12% 0.03% 0.01% 0.30% 0.02% 0.11%
Long-Term Debt to Total Capital		 47.50% 46.65% 46.78% 44.63% 47.32% 46.84% 47.21% 47.87% 45.39% 43.95% 45.57%
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% 0.00%
Noncontrolling Interests to Total Capital		 0.11% 0.11% 0.11% 0.10% 0.09% 0.09% 0.09% 0.09% 0.09% 0.08% 0.08%
Common Equity to Total Capital		 52.39% 53.24% 53.11% 55.27% 52.59% 52.94% 52.68% 52.03% 54.23% 55.95% 54.24%
Debt to EBITDA		 6.92 7.02 6.89 7.13 7.80 7.55 7.50 7.55 7.33 7.20 7.46
Net Debt to EBITDA		 6.66 6.84 6.67 7.06 7.76 7.44 7.33 7.44 7.05 7.18 7.32
Long-Term Debt to EBITDA		 6.92 7.02 6.89 7.13 7.80 7.53 7.49 7.55 7.29 7.20 7.44
Debt to NOPAT		 9.79 10.17 10.08 10.73 11.99 11.80 11.74 11.90 11.53 11.32 11.73
Net Debt to NOPAT		 9.42 9.90 9.77 10.61 11.93 11.63 11.47 11.72 11.08 11.28 11.52
Long-Term Debt to NOPAT		 9.79 10.17 10.08 10.73 11.99 11.77 11.73 11.89 11.45 11.31 11.70
Noncontrolling Interest Sharing Ratio		 0.23% 0.21% 0.21% 0.20% 0.19% 0.19% 0.19% 0.18% 0.17% 0.16% 0.16%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -240 -269 -163 -285 -320 -217 -243 -129 -89 -187 -216
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% 0.00%
Free Cash Flow to Firm to Interest Expense		 -26.17 -27.43 -16.49 -28.36 -26.05 -17.58 -19.76 -10.46 -7.22 -15.24 -16.95
Operating Cash Flow to Interest Expense		 4.81 3.33 3.82 4.74 3.51 2.95 2.25 3.22 3.52 2.72 4.05
Operating Cash Flow Less CapEx to Interest Expense		 4.81 3.33 3.82 4.74 3.51 2.95 2.25 3.22 3.52 2.72 4.05
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.10 0.10 0.10 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09
Fixed Asset Turnover		 0.11 0.11 0.11 0.10 0.10 0.10 0.10 0.10 0.10 0.09 0.10
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,036 2,134 2,129 2,267 2,380 2,376 2,396 2,420 2,494 2,589 2,638
Invested Capital Turnover		 0.10 0.10 0.10 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09
Increase / (Decrease) in Invested Capital		 265 292 187 309 344 242 267 154 115 214 242
Enterprise Value (EV)		 2,721 2,923 3,121 3,089 3,027 3,274 3,293 3,413 3,813 3,762 4,054
Market Capitalization		 1,789 1,952 2,154 2,087 1,904 2,172 2,185 2,269 2,716 2,625 2,869
Book Value per Share		 $13.09 $13.54 $13.13 $14.40 $13.82 $13.89 $13.76 $13.69 $14.60 $14.98 $14.31
Tangible Book Value per Share		 $11.78 $12.28 $11.95 $13.08 $12.47 $12.58 $12.50 $12.45 $13.32 $13.70 $13.11
Total Capital		 2,036 2,134 2,129 2,267 2,380 2,376 2,396 2,420 2,494 2,589 2,638
Total Debt		 967 995 996 1,012 1,126 1,116 1,132 1,159 1,140 1,138 1,205
Total Long-Term Debt		 967 995 996 1,012 1,126 1,113 1,131 1,159 1,132 1,138 1,202
Net Debt		 930 969 965 1,000 1,120 1,099 1,105 1,142 1,095 1,134 1,183
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 -0.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 967 995 996 1,012 1,126 1,116 1,132 1,159 1,140 1,138 1,205
Total Depreciation and Amortization (D&A)		 11 12 13 12 14 14 14 14 14 15 15
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.30 $0.27 $0.27 $0.27 $0.27 $0.27 $0.26 $0.27 $0.27 $0.27 $0.26
Adjusted Weighted Average Basic Shares Outstanding		 81.88M 81.59M 85.83M 87.37M 90.37M 88.53M 91.72M 91.81M 94.39M 93.64M 99.71M
Adjusted Diluted Earnings per Share		 $0.30 $0.27 $0.27 $0.27 $0.27 $0.26 $0.26 $0.27 $0.27 $0.27 $0.26
Adjusted Weighted Average Diluted Shares Outstanding		 82.12M 81.81M 86.10M 87.56M 90.60M 88.75M 91.93M 91.99M 94.88M 94.06M 100.07M
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		 83.89M 86.09M 87.03M 90.57M 90.57M 91.99M 91.99M 92.66M 96.73M 99.97M 100.47M
Normalized Net Operating Profit after Tax (NOPAT)		 17 23 23 24 17 24 24 25 26 26 26
Normalized NOPAT Margin		 35.05% 47.14% 44.62% 46.35% 31.74% 46.82% 44.23% 45.49% 46.74% 46.57% 44.28%
Pre Tax Income Margin		 50.41% 47.19% 44.71% 46.53% 45.34% 46.97% 44.28% 45.65% 46.90% 46.76% 44.39%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.66 2.35 2.34 2.36 1.96 1.91 1.96 2.01 2.09 2.14 2.06
NOPAT to Interest Expense		 2.66 2.33 2.33 2.35 1.97 1.98 1.96 2.00 2.08 2.13 2.06
EBIT Less CapEx to Interest Expense		 2.66 2.35 2.34 2.36 1.96 1.91 1.96 2.01 2.09 2.14 2.06
NOPAT Less CapEx to Interest Expense		 2.66 2.33 2.33 2.35 1.97 1.98 1.96 2.00 2.08 2.13 2.06
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 105.75% 109.84% 111.31% 119.33% 124.04% 125.41% 126.78% 127.94% 127.08% 127.35% 128.45%
Augmented Payout Ratio		 105.75% 109.84% 111.31% 119.33% 124.04% 125.41% 126.78% 127.94% 127.08% 127.35% 128.45%

Key Financial Trends

Four Corners Property Trust (NYSE: FCPT) has demonstrated steady financial performance across the last several quarters and years, with several key highlights and trends emerging from its recent financial statements.

Positive Trends:

  • Net income has shown mild but consistent growth, with Q1 2025 net income of $26.2 million, slightly up from $26.2 million in Q4 2024 and $24.1 million in Q1 2024, indicating stable profitability.
  • Earnings per share (EPS) have remained steady around $0.26-$0.27 both on a basic and diluted basis over recent quarters, suggesting earnings stability on a per-share basis despite slight share count fluctuations.
  • Depreciation expense and non-cash adjustments indicate ongoing reinvestment in assets, aligning with the company's growth strategy in property trust investment.
  • Operating cash flow has increased from $27.6 million in Q1 2024 to $51.6 million in Q1 2025, evidencing improved cash generation capabilities.
  • Total assets have grown steadily, reaching $2.71 billion in Q1 2025 up from $2.46 billion in Q1 2024, demonstrating asset base expansion.
  • Long-term debt has increased moderately but in a controlled manner, reaching about $1.2 billion as of Q1 2025, which supports expansion without excessive leverage.
  • The company continues to pay consistent and even slightly increasing dividends, with $0.355 per share in Q1 2025, supporting shareholder returns.

Neutral Observations:

  • Interest expense remains a significant cost (~$12.3 million quarterly), though it has increased marginally with the rise in debt.
  • Equity structures demonstrate stable common equity around $1.4 billion with only moderate negative retained earnings, indicating a sound equity base.
  • Cash and equivalents fluctuate quarterly, reflecting business cycles and investment activity, with $22.3 million at Q1 2025 end.

Potential Concerns / Negative Trends:

  • Non-interest expenses have increased somewhat, with Q1 2025 total at $32.9 million compared to $30.0 million in Q4 2024, possibly indicating rising operational costs.
  • Cash flow from investing activities remains negative due to continuous acquisitions and purchase of investment securities, with $-58.1 million in Q1 2025, which requires ongoing financing.
  • Significant reliance on debt financing, with frequent issuance and repayments, may expose the company to interest rate and refinancing risks.

Summary: Four Corners Property Trust has shown consistent profitability and stable earnings per share, underpinned by a growing asset base and improving operating cash flows. The company continues to invest heavily in property assets funded by a balanced use of debt and equity. While operational expenses and financing costs are notable considerations, ongoing dividend payments and controlled leverage reflect financial discipline. Retail investors may view the company's steady income generation and asset growth positively, balanced against the risks of rising expenses and financing requirements.

08/09/25 12:40 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Four Corners Property Trust's Financials

When does Four Corners Property Trust's financial year end?

According to the most recent income statement we have on file, Four Corners Property Trust's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Four Corners Property Trust's net income changed over the last 9 years?

Four Corners Property Trust's net income appears to be on an upward trend, with a most recent value of $100.60 million in 2024, rising from $5.70 million in 2015. The previous period was $95.46 million in 2023. See where experts think Four Corners Property Trust is headed by visiting Four Corners Property Trust's forecast page.

How has Four Corners Property Trust's revenue changed over the last 9 years?

Over the last 9 years, Four Corners Property Trust's total revenue changed from $31.25 million in 2015 to $219.81 million in 2024, a change of 603.3%.

How much debt does Four Corners Property Trust have?

Four Corners Property Trust's total liabilities were at $1.20 billion at the end of 2024, a 0.9% increase from 2023, and a 146.5% increase since 2015.

How much cash does Four Corners Property Trust have?

In the past 9 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 $4.08 million as of their latest financial filing in 2024.

How has Four Corners Property Trust's book value per share changed over the last 9 years?

Over the last 9 years, Four Corners Property Trust's book value per share changed from 10.33 in 2015 to 14.98 in 2024, a change of 44.9%.


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This page (NYSE:FCPT) was last updated on 8/9/2025 by MarketBeat.com Staff
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