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Companies / Real Estate / Four Corners Property Trust, Inc.
FCPT

Four Corners Property Trust, Inc.

Ticker FCPTMILL VALLEY, CAFiscal year ends DecemberBook value per share $14.85Diluted shares 109.7M

Four Corners Property Trust, Inc. (NYSE: FCPT) is a real estate investment trust that owns, acquires and leases properties primarily for restaurant and retail use, generating most of its revenue through net leases that generally make tenants responsible for property operating costs. It also operates the Kerrow… From the company’s description.

Over the twelve months to Sep 30, 2026, Four Corners Property Trust, Inc. reported revenue of $315.93M, up 10.2% from a year earlier, and net income of $118.71M. Operations generated $206.95M in cash. In fiscal 2025, it reported revenue of $294.13M, up 9.7% from fiscal 2024, and net income of $112.49M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$294.13MFY2025
+9.7% year over year
Last 12 mo $315.93M
55.71%FY2025
+0.1 percentage points
$112.49MFY2025
+11.8% year over year
Last 12 mo $118.71M
6.90%FY2025
No change, year over year
Last 12 mo 7.28%
Cash & financing
$192.28MFY2025
+33.4% year over year
Last 12 mo $206.95M
$192.28MFY2025
+33.4% year over year
Last 12 mo $206.95M
0.74FY2025
Was 0.79× a year earlier
Last 12 mo 0.96
102.9MFY2025
+9.4% year over year
Last 12 mo 109.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Four Corners Property Trust, Inc. does

In the company’s own words

Four Corners Property Trust, Inc. (NYSE: FCPT) is a real estate investment trust that owns, acquires and leases properties primarily for restaurant and retail use, generating most of its revenue through net leases that generally make tenants responsible for property operating costs. It also operates the Kerrow Restaurant Operating Business under franchise agreements with Darden. FCPT reports two segments: real estate operations, which comprises rental activity and related expenses, and restaurant operations, which includes Kerrow’s restaurant sales and expenses. At December 31, 2025, its portfolio included 1,303 rental properties across 48 states, with approximately 8.8 million square feet of leasable area; restaurant properties generated 74% of total revenue and non-restaurant retail properties 26%. Olive Garden and LongHorn Steakhouse are major brands in the portfolio, alongside other restaurant and retail tenants. The company was formed as a Darden subsidiary in 2015 and became an independent public company following its separation from Darden that year. Its website is www.fcpt.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
MILL VALLEY, CA
Fiscal year end
December
CIK
1650132
SIC
6798

Financial performance, year by year

Fiscal 2015–2025 · USD
$-31.59M$63.19M$157.97M$252.75M$347.53M20152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Four Corners Property Trust, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

282
funds hold it
0 of 35
superinvestors hold it
$1.40B
held by funds, at market
51.1%
of shares held by funds

Largest fund holders · Four Corners Property Trust, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.15%of fund net assets
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
0.09%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.08%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Four Corners Property Trust, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Four Corners Property Trust, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Four Corners Property Trust, Inc.'s last four quarterly filings that the numbers alone won't show?”
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