Company Quick10K Filing
Four Corners Property Trust
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 69 $1,970
10-K 2020-02-27 Annual: 2019-12-31
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 Quarterly)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Quarterly)

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) 2,194 70% 11.3 4% 5,721 3,430 530 371 252 471 5,310
Acadia Realty Trust (AKR) 2,344 0% 41.8 -0% 4,330 2,100 289 0 -0 94 3,947
Retail Opportunity Investments (ROIC) 2,307 0% 13.2 2% 2,933 1,648 297 0 54 174 2,299
Redwood Trust (RWT) 2,277 8.7 1% 15,476 13,691 0 0 119 545 4,725
Invesco Mortgage Capital (IVR) 2,246 39.4 0% 24,061 21,150 0 0 85 552 21,762
DiamondRock Hospitality (DRH) 2,116 0% 15.2 2% 3,315 1,505 924 0 74 206 3,133
Alexanders (ALX) 1,749 0% 17.8 4% 1,283 1,021 228 0 56 80 1,435
Four Corners Property Trust (FCPT) 1,923 0% 19.1 4% 1,348 669 157 0 54 99 1,893
Colony Credit Real Estate (CLNC) 1,877 0% -16.0 -6% 7,444 5,235 438 0 -448 -302 4,835
Senior Housing Properties Trust (SNH) 2,212 0% 6.1 -0% 6,917 3,949 1,069 0 -4 353 2,149
Uniti Group (UNIT) 1,499 0% 10.2 1% 5,031 6,468 1,060 0 37 642 6,531
LTC Properties (LTC) 2,025 0% 22.4 5% 1,512 718 173 0 68 121 2,702
Pennymac Mortgage Investment Trust (PMT) 2,064 0% 4.7 2% 10,745 8,525 191 0 221 463 2,200
Hannon Armstrong Sustainable Infrastructure Capital (HASI) 1,951 0% 25.4 2% 2,279 1,397 142 0 45 94 2,387
Chesapeake Lodging Trust (CHSP) 1,757 0% 13.7 5% 1,947 918 592 0 93 177 2,426
Ladder Capital (LADR) 1,837 5.6 2% 6,620 4,981 0 0 118 308 1,715
Alexander & Baldwin (ALEX) 1,774 0% -21.3 -8% 2,122 985 627 0 -178 -117 2,499
National Storage Affiliates Trust (NSA) 1,970 54% 10.6 2% 3,111 1,654 377 205 62 182 1,920
Essential Properties Realty Trust (EPRT) 1,851 0% 25.3 2% 1,805 704 129 0 42 92 2,334
Global Net Lease (GNL) 1,735 68% 7.9 1% 3,609 1,983 301 205 34 180 1,425

Balance Sheet ($MM)2015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash098363919271881836453892793813930
Accounts Receivable0000000000001000
Inventory00000000000000000
PP&E8238298248188258949049499489669809851,1531,1911,2011,2351,236
Assets8239298658658669379441,0541,0621,0691,0761,1231,2361,3431,3501,3451,348
Accounts Payable0
Long-Term Debt400
Liabilities78488427429427467466546548546548547551644660662669
Stockholders' Equity0442437436439470478508522699
Income Statement ($MM)2015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue420313131313333343435353638404040
Cost of Revenue
Gross Profit
R&D
SG&A12333333334334433
Tax0320000000000000
Net Income9415153216181918162818181818
Cash Flow ($MM)2015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating211617181919202119221925332127
Cash Investing-0-0-0-24-36-12-47-4-22-21-1-178-20-44-17
Cash Financing78-78-15-1524-1690-15-15-171892-25-19-20