four corners property trust (nyse:fcpt) is a $2 billion investment grade rated net lease reit focused on restaurant real estate. fcpt was spun-off from darden restaurants, inc. in november 2015 with 418 properties. today, fcpt owns over 500 properties in 44 states with over 20 brands. at fcpt, our strategy continues to be diversifying and scaling our portfolio through acquisitions and sale-leasebacks of quality credit restaurant operators with strong fundamental real estate. for more information, navigate to the following site: www.fcpt.com
Company profile
Ticker
FCPT
Exchange
CEO
William Lenehan
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Four Corners GP, LLC • FCPT TRS, LLC • FCPT OP Holdings, LP • Four Corners Operating Partnership, LP • Kerrow Holdings, LLC • Kerrow Restaurants, LLC • FCPT Garden Properties, LLC • FCPT Hospitality Properties, LLC • FCPT International • FCPT Keystone Properties 11, LLC ...
FCPT stock data
Latest filings (excl ownership)
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
14 Mar 24
8-K
Departure of Directors or Certain Officers
7 Mar 24
10-K
2023 FY
Annual report
15 Feb 24
8-K
Results of Operations and Financial Condition
14 Feb 24
10-Q
2023 Q3
Quarterly report
2 Nov 23
8-K
Results of Operations and Financial Condition
1 Nov 23
8-K
Departure of Directors or Certain Officers
20 Sep 23
424B5
Prospectus supplement for primary offering
3 Aug 23
10-Q
2023 Q2
Quarterly report
2 Aug 23
8-K
Results of Operations and Financial Condition
1 Aug 23
Transcripts
FCPT
Earnings call transcript
2023 Q4
15 Feb 24
FCPT
Earnings call transcript
2023 Q3
2 Nov 23
FCPT
Earnings call transcript
2023 Q2
2 Aug 23
FCPT
Earnings call transcript
2023 Q1
2 May 23
FCPT
Earnings call transcript
2022 Q4
16 Feb 23
FCPT
Earnings call transcript
2022 Q3
2 Nov 22
FCPT
Earnings call transcript
2022 Q2
27 Jul 22
FCPT
Earnings call transcript
2022 Q1
27 Apr 22
FCPT
Earnings call transcript
2021 Q4
17 Feb 22
FCPT
Earnings call transcript
2021 Q3
27 Oct 21
Latest ownership filings
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
FMR LLC
9 Feb 24
SC 13G/A
VICTORY CAPITAL MANAGEMENT INC
6 Feb 24
SC 13G/A
STATE STREET CORP
30 Jan 24
4
Niccole Stewart
25 Jan 24
4
Gerald R Morgan
25 Jan 24
4
William H Lenehan
25 Jan 24
4
James L Brat
25 Jan 24
4
Gerald R Morgan
22 Jan 24
4
William H Lenehan
22 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 16.30 mm | 16.30 mm | 16.30 mm | 16.30 mm | 16.30 mm | 16.30 mm |
Cash burn (monthly) | (no burn) | 1.70 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 10.16 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 6.14 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 3.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
93.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 255 |
Opened positions | 34 |
Closed positions | 31 |
Increased positions | 89 |
Reduced positions | 81 |
13F shares | Current |
---|---|
Total value | 1.89 tn |
Total shares | 85.93 mm |
Total puts | 4.90 k |
Total calls | 9.00 k |
Total put/call ratio | 0.5 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 15.90 mm | $352.92 bn |
Vanguard | 10.22 mm | $226.88 bn |
FMR | 9.83 mm | $218.16 bn |
STT State Street | 5.52 mm | $124.32 bn |
Victory Capital Management | 4.77 mm | $105.82 bn |
MCQEF Macquarie | 2.64 mm | $58.54 bn |
WHG Westwood | 2.47 mm | $54.84 bn |
American Century Companies | 2.46 mm | $54.54 bn |
IVZ Invesco | 2.25 mm | $50.00 bn |
Geode Capital Management | 2.02 mm | $44.80 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
23 Jan 24 | Morgan Gerald R | Common Stock | Payment of exercise | Dispose F | No | No | 24.09 | 6,938 | 167.14 k | 150,186 |
23 Jan 24 | Lenehan William H | Common Stock | Payment of exercise | Dispose F | No | No | 24.09 | 25,245 | 608.15 k | 612,402 |
23 Jan 24 | Brat James L | Common Stock | Payment of exercise | Dispose F | No | No | 24.09 | 4,914 | 118.38 k | 115,943 |
23 Jan 24 | Niccole Stewart | Common Stock | Payment of exercise | Dispose F | No | No | 24.09 | 1,508 | 36.33 k | 34,978 |
19 Jan 24 | Morgan Gerald R | Common Stock | Grant | Acquire A | No | No | 0 | 10,227 | 0.00 | 157,124 |
News
Four Corners Property Trust Reports Acquisition Of A Heartland Dental Property For $2.0M
26 Mar 24
FCPT Announces CFO Transition; Gerry Morgan To Retire As CFO And Patrick Wernig Named As Successor
7 Mar 24
Four Corners Property Q4 2023 FFO $0.43 Beats $0.41 Estimate, Sales $65.14M Beat $63.72M Estimate
14 Feb 24
Earnings Scheduled For February 14, 2024
14 Feb 24
FCPT Acquires A Baptist Medical Group Primary Care Property For $9.7M
14 Feb 24
Press releases
FCPT Announces Acquisition of a Heartland Dental Property for $2.0 million
26 Mar 24
FCPT Announces CFO Transition; Gerry Morgan to Retire as CFO and Patrick Wernig Named as Successor
7 Mar 24
FCPT Announces Fourth Quarter 2023 Financial and Operating Results
14 Feb 24
FCPT Announces Acquisition of a Baptist Medical Group Primary Care Property for $9.7 Million
13 Feb 24
FCPT Announces Tax Treatment of 2023 Distributions
22 Jan 24