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Four Corners Property Trust Inc

Four Corners Property Trust Inc

FCPT
$26.33USD↓-0.34%-0.09 today

MARKET CAP

2.9B

P/E (TTM)

23.5x

FWD P/E

20.0x

DAY RANGE

$26 – $27

52W RANGE

$23
$27

AI Summary

Stalk
StalkMedium

FCPT is emerging from an early Stage 1 consolidation with a Momentum Breakout pattern confirming demand above the $25.50 pivot, granting medium-term bullish permission. However, price has powered above the rising 9/21 EMAs and into extreme overbought territory, reducing execution readiness. Optimal engagement is deferred for a shallow pullback into the dynamic support zone around the 9/21 EMA cluster and prior resistance, where testing this level would provide higher-probability entries.

  • ↑High 99.6% occupancy with zero bad debt
  • ↑Acquired $344 M at 6.8% cap rates in Q1
  • ↓Negative earnings yield with steep earnings revisions drop
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The case for & against

Bull & Bear analysis

Bullish

Four Corners Property Trust (FCPT) is a publicly traded real estate investment trust (REIT) specializing in acquiring and managing a diversified portfolio of net-leased properties, notably in the casual dining and restaurant sectors. The company operates with a conservative investment strategy centered on high-quality tenants and long-term leases. FCPT's portfolio is strategically expanding into sectors such as automotive services and medical retail, creating a defensive positioning against economic fluctuations and enhancing its profitability and resilience amid current macroeconomic conditions.

Bull says

  • ↑High 99.6% occupancy with zero bad debt
  • ↑Acquired $344 M at 6.8% cap rates in Q1
  • ↑6.1% dividend yield backed by steady AFFO growth
  • ↑Net debt/EBITDA at 4.5x enables low leverage
  • ↑Diversifying into automotive services and medical retail
  • ↑Strong profitability and low volatility factor scores

Bear says

  • ↓Negative earnings yield with steep earnings revisions drop
  • ↓Olive Garden and Longhorn represent 42% of rent
  • ↓Rising cap rates may pressure future acquisition returns
  • ↓Consumer pullback could weaken tenant rent coverage
  • ↓High short interest underscores market skepticism
  • ↓Economic downturn risk could impair restaurant tenants

Investment themes with FCPT

Retail REITs↑ +0.51%

KIM · REG · FRT

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-01-2026bullish

Transcript signals

Bull points

  • Q1 marked a continuation of the momentum from 2025 and a strong start to 2026.
  • AFFO per share grew by 3.4% versus the prior year period, continuing our focus on steady risk-adjusted growth.
  • we acquired 26 million of net lease properties at a 6.8 blended cash cap rate, equivalent to a 7.3 gap rate.

Bear points

  • you read a lot in the news about private credit and private credit firms, you know, trading at discounts to NAB, questioning of their marks. Will that cause them to pull back? I don't think we have evidence of that yet.
Read full transcript analysis ›