Company Quick10K Filing
Four Corners Property Trust
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 69 $1,970
10-Q 2019-10-31 Quarter: 2019-09-30
10-Q 2019-07-31 Quarter: 2019-06-30
10-Q 2019-04-25 Quarter: 2019-03-31
10-K 2019-02-20 Annual: 2018-12-31
10-Q 2018-10-30 Quarter: 2018-09-30
10-Q 2018-07-26 Quarter: 2018-06-30
10-Q 2018-04-26 Quarter: 2018-03-31
10-K 2018-02-27 Annual: 2017-12-31
10-Q 2017-11-03 Quarter: 2017-09-30
10-Q 2017-08-08 Quarter: 2017-06-30
10-Q 2017-05-04 Quarter: 2017-03-31
10-K 2017-02-27 Annual: 2016-12-31
10-Q 2016-11-04 Quarter: 2016-09-30
10-Q 2016-08-04 Quarter: 2016-06-30
10-Q 2016-05-11 Quarter: 2016-03-31
10-K 2016-03-22 Annual: 2015-12-31
10-Q 2015-12-04 Quarter: 2015-09-30
8-K 2020-02-12 Earnings, Exhibits
8-K 2020-01-29 Officers, Regulation FD, Exhibits
8-K 2020-01-21 Regulation FD, Exhibits
8-K 2019-11-12 Other Events, Exhibits
8-K 2019-10-30 Regulation FD, Exhibits
8-K 2019-10-29 Earnings, Exhibits
8-K 2019-07-30 Earnings, Exhibits
8-K 2019-06-14 Shareholder Vote
8-K 2019-05-31 Regulation FD, Exhibits
8-K 2019-04-23 Earnings, Exhibits
8-K 2019-04-01 Regulation FD
8-K 2019-03-22 Other Events, Exhibits
8-K 2019-02-13 Earnings, Exhibits
8-K 2018-12-13 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-11-28 Officers, Exhibits
8-K 2018-10-30 Other Events, Exhibits
8-K 2018-10-29 Earnings, Exhibits
8-K 2018-10-24 Exhibits
8-K 2018-10-01 M&A, Regulation FD, Exhibits
8-K 2018-09-24 Regulation FD, Exhibits
8-K 2018-08-08 M&A, Regulation FD, Exhibits
8-K 2018-08-02 Other Events, Exhibits
8-K 2018-08-01 Enter Agreement, Regulation FD, Exhibits
8-K 2018-07-25 Earnings, Exhibits
8-K 2018-06-15 Shareholder Vote
8-K 2018-06-01 Regulation FD, Exhibits
8-K 2018-04-30 Other Events, Exhibits
8-K 2018-04-25 Earnings, Exhibits
8-K 2018-03-29 Regulation FD, Exhibits
8-K 2018-02-20 Earnings, Exhibits
8-K 2018-01-29 Officers

Four Corners Property Trust Financials

FCPT Metrics, Comps, Filings

Annual | Quarterly

Business

Unless the context indicates otherwise, all references to "FCPT," the "Company," "we," "our" or "us" include Four Corners Property Trust, Inc. and all of its consolidated subsidiaries.

We were incorporated as a Maryland corporation on July 2, 2015 as a wholly owned indirect subsidiary of Darden Restaurants, Inc. (together with its consolidated subsidiaries "Darden"), for the purpose of owning, acquiring and leasing properties on a net basis, for use in the restaurant and related food service industries. On November 9, 2015, Darden completed a spin-off of FCPT pursuant to which Darden contributed to us (i) 100% of the equity interest in entities that owned 418 properties in which Darden operates Olive Garden, LongHorn Steakhouse and other branded restaurants (the "Properties" or "Property") and (ii) six LongHorn Steakhouse restaurants, including the properties or interests associated with such restaurants, located in the San Antonio, Texas area (the "Kerrow Restaurant Operating Business"). In exchange, we issued to Darden all of our common stock and paid to Darden $315.0 million in cash. Subsequently, Darden distributed all of our outstanding shares of common stock pro rata to holders of Darden common stock whereby each Darden shareholder received one share of our common stock for every three shares of Darden common stock held at the close of business on the record date as well as cash in lieu of any fractional shares of our common stock which they would have otherwise received (the "Spin-Off").

We are a Maryland corporation and a real estate investment trust ("REIT") which owns, acquires and leases properties for use in the restaurant and food-service related industries. Substantially all of our business is conducted through Four Corners Operating Partnership, LP ("FCPT OP"), a Delaware limited partnership of which we are a majority limited partner and our wholly owned subsidiary, Four Corners GP, LLC ("FCPT GP"), is its sole general partner. We believe that we have operated in conformity with the requirements for qualification and taxation as a REIT for the taxable year ended December 31, 2018, and we intend to continue to operate in a manner that will enable us to maintain our qualification as a REIT.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Mack Cali Realty (CLI) 2,307 93% 8.3 6% 5,328 2,955 530 493 309 592 4,934
Acadia Realty Trust (AKR) 2,284 0% 35.7 -0% 4,210 2,110 281 0 -12 110 3,934
Retail Opportunity Investments (ROIC) 2,132 0% 10.0 2% 2,969 1,694 298 0 50 212 2,122
Redwood Trust (RWT) 2,125 8.8 1% 13,852 12,288 0 0 126 504 4,446
Invesco Mortgage Capital (IVR) 2,114 54.8 -0% 22,038 19,368 0 0 -57 378 20,684
DiamondRock Hospitality (DRH) 2,104 0% 13.4 3% 3,295 1,470 905 0 94 231 3,091
Alexanders (ALX) 1,981 0% 15.7 4% 1,276 1,008 170 0 54 108 1,691
Four Corners Property Trust (FCPT) 1,970 0% 15.7 6% 1,345 662 153 0 74 123 1,931
Colony Credit Real Estate (CLNC) 1,968 22% -82.6 -3% 9,040 6,377 582 130 -272 -59 4,889
Senior Housing Properties Trust (SNH) 1,883 0% 4.6 -1% 7,099 4,062 1,092 0 -76 398 1,822
Uniti Group (UNIT) 1,871 0% 8.0 1% 4,790 6,192 1,049 0 61 854 6,807
LTC Properties (LTC) 1,854 0% 14.4 7% 1,499 712 167 0 107 175 2,525
Pennymac Mortgage Investment Trust (PMT) 1,798 0% 4.5 2% 9,466 7,522 299 0 193 439 1,973
Hannon Armstrong Sustainable Infrastructure Capital (HASI) 1,791 0% 18.6 3% 2,027 1,143 138 0 52 132 2,449
Chesapeake Lodging Trust (CHSP) 1,757 0% 12.0 5% 1,947 918 592 0 93 203 2,426
Ladder Capital (LADR) 1,748 3.6 3% 6,407 4,759 0 0 171 425 1,533
Alexander & Baldwin (ALEX) 1,686 0% -163.9 -5% 2,184 984 658 0 -113 -15 2,409
National Storage Affiliates Trust (NSA) 1,683 70% 8.0 2% 3,062 1,563 361 254 62 209 1,664
Essential Properties Realty Trust (EPRT) 1,641 0% 21.7 2% 1,643 613 118 0 35 98 2,134
Global Net Lease (GNL) 1,639 90% 6.8 1% 3,495 1,949 295 264 22 211 1,448

Balance Sheet ($MM)2015-12-312016-12-312017-12-312018-12-31
Cash9827641
Accounts Receivable0001
Inventory0000
PP&E8298949661,191
Assets9299371,0691,343
Accounts Payable
Long-Term Debt
Liabilities488467546644
Stockholders' Equity442470522699
Income Statement ($MM)2015-12-312016-12-312017-12-312018-12-31
Revenue181819144
Cost of Revenue
Gross Profit
R&D
SG&A2111214
Tax32-00
Net Income61577283
Cash Flow ($MM)2015-12-312016-12-312017-12-312018-12-31
Cash Operating22717981
Cash Investing-1-59-85-247
Cash Financing77-8344190