Four Corners Property Trust, Inc. (FCPT)
NYSEReal EstateReit - RetailSnapshot 2026-09-04
$24.93+0.08%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - RetailSnapshot 2026-09-04
QuarterlyIQ Insights · FCPT
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 3.0% |
| Our one-year growth estimate | diamond | 5.9% |
Growth built into the price is above our model estimate.
The price assumes 2.8 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Model as of 2026-09-04 · Compared with 21 industry peers
FCPT — earnings in line
Dated 2026-04-29
and Exhibits 99.1 and 99.2 to this Form 8-K is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall they be deemed to be incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended (the “Securities Act”), except as shall be expressly set forth by specific reference in such a…
Why it matters: Growing dividends mean strong cash flow and that management wants to give value back.
Supportive ifAnnouncement of an increase in dividends per share for Q3.
Worry ifNo increase in dividends or a decrease in the dividend payout.
Why it matters: Higher G&A costs may hurt profits and show problems in operations.
Worry ifG&A expenses exceed $7.5 million in Q3 2026.
Less concerning ifG&A expenses remain at or below $7.5 million.
Why it matters: Higher cash flow would show FCPT can improve efficiency and support growth.
Supportive ifQ2 cash flow from operations exceeds $47.2 million.
Worry ifQ2 cash flow from operations falls below $45 million.
Why it matters: This funding is crucial for supporting FCPT's acquisition strategy. Delays could impact growth plans.
Supportive ifThe $200 million Term Loan is fully funded. It is for acquisitions.
Worry ifFunding is delayed or cut. This affects acquisition plans.
Why it matters: New acquisitions can increase revenue. They also help spread out the property types.
Supportive ifFCPT announces at least two new property deals worth over $50 million.
Worry ifNo new acquisitions are announced by the end of Q3 2026.
Why it matters: Earnings results will show if revenue growth is on track and cash flow is strong.
Watch forQ2 earnings show revenue growth above 7% year over year.
Also watch forQ2 earnings report shows revenue growth below 5% year over year.
Why it matters: If FCPT integrates well, it can diversify its portfolio. This will help future growth.
Supportive ifGood news about how the Mission Pet Health portfolio is doing after the buy.
Worry ifBad reports or problems with the Mission Pet Health portfolio after the buy.
Why it matters: A dividend increase would show that management trusts the cash flow and finances.
Supportive ifFCPT announces a dividend increase from $0.3665 per share in Q1 2026.
Worry ifFCPT maintains the dividend at $0.3665 per share without an increase.
Why it matters: Ongoing dividend growth shows strong cash flow. It also shows commitment to shareholders.
Supportive ifMonthly dividends remain stable or increase beyond $0.1222 per share for the next three months.
Worry ifMonthly dividends may drop or be put on hold.
Why it matters: Switching to monthly dividends may bring in more investors. It can also help cash flow.
Supportive ifMonthly dividends are paid for three months in a row.
Worry ifMonthly dividends are missed or reduced in any of the first three months.
Why it matters: If revenue growth speeds up, it could signal a recovery in the real estate sector.
Supportive ifSector revenue growth goes back to earlier highs. This shows a good trend.
Worry ifSector revenue growth keeps falling. This shows ongoing challenges.
Why it matters: High occupancy rates help keep revenue steady. If rates drop, it may mean tenant problems.
Worry ifOccupancy rates stayed over 99.6% in Q2.
Less concerning ifOccupancy rates fall below 99.0% in Q2.
Why it matters: New acquisitions are important for FCPT's growth. More acquisitions show strong market position.
Supportive ifAt least two more property acquisitions will be announced in the next quarter.
Worry ifNo new acquisitions announced in the next quarter.
Why it matters: Steady dividend growth shows that the company is doing well. It shows management values shareholders.
Supportive ifDividend per share increases from $0.3665 in Q1 2026 to a higher amount in Q2 2026.
Worry ifDividend per share remains the same or decreases in Q2 2026.
Why it matters: This acquisition could boost revenue and align with the company's growth goals.
Supportive ifThe acquisition will close soon. The properties will be operational in the next quarter.
Worry ifThe acquisition faces delays or fails to close as planned.
Why it matters: Higher G&A expenses may mean rising operational costs, which can hurt profits.
Worry ifG&A expenses exceed 7% of cash rental income for two consecutive quarters.
Less concerning ifG&A expenses remain at or below 7% of cash rental income.
Why it matters: Strong rental revenue growth shows good property buys and a healthy business.
Supportive ifQ3 rental revenue growth exceeds 8% compared to the same quarter last year.
Worry ifQ3 rental revenue growth is 8% or lower compared to the same quarter last year.
Why it matters: Switching to monthly dividends can bring in more investors and show financial strength.
Supportive ifMonthly dividends have been paid for three months in a row.
Worry ifMonthly dividends are not paid as planned or revert to quarterly payments.
Why it matters: A drop in rent collection rates could indicate tenant distress and impact cash flow.
Worry ifRent collection rates fall below 99% for the next quarter.
Less concerning ifRent collection rates remain at or above 99% for the next quarter.
Why it matters: A higher leverage ratio may show financial trouble and limit growth.
Worry ifLeverage ratio stays stable or drops below 5.2x.
Less concerning ifLeverage ratio exceeds 5.5x in the next reporting period.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to real (inflation-adjusted) rates.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$75 on $10,000 · ±0.7% | How much price usually moves either way. |
| Bad day | $175 loss on $10,000 · 1.7% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,106 loss on $10,000 · 11.1% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.