Four Corners Property Trust Inc (N:FCPT)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 591 Redwood Highway, Suite 3215 MILL VALLEY CA 94941 |
| Tel: | N/A |
| Website: | https://fcpt.com |
| IR: | See website |
| Key People | ||
| William H. Lenehan President, Chief Executive Officer, Director | Patrick Wernig Chief Financial Officer | James L. Brat Chief Operations Officer, General Counsel, Secretary |
| Business Overview |
| Four Corners Property Trust, Inc. is a real estate investment trust (REIT) primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company's segments are real estate operations and restaurant operations. Its real estate operations segment consists of rental revenues primarily generated by leasing restaurant properties to tenants through net lease arrangements under which the tenant is primarily responsible for ongoing costs relating to the properties. Its restaurant operations segment is conducted through a taxable REIT subsidiary and consists of its Kerrow Restaurant Operating Business. It operates the Kerrow Restaurant Operating Business through Kerrow Holdings, LLC (Kerrow). The Company's investment portfolio includes approximately 1,111 rental properties located in 47 different states across the continental United States, comprised of 148 tenant brands. It has an aggregate leasable area of approximately 7.5 million square feet. |
| Financial Overview |
| For the three months ended 31 March 2024, Four Corners Property Trust Inc revenues increased 11% to $66.5M. Net income increased 4% to $24M. Revenues reflect Real Estate Operations segment increase of 12% to $58.8M, Restaurant Operations segment increase of 2% to $7.9M. Net income was partially offset by Interest expense increase of 24% to $12.3M (expense), Realized gain on sale decrease from $1.6M (income) to $0K. |
| Employees: | 516 as of Feb 15, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $3,422M as of Mar 31, 2024 |
| Annual revenue (TTM): | $257.12M as of Mar 31, 2024 |
| EBITDA (TTM): | $193.84M as of Mar 31, 2024 |
| Net annual income (TTM): | $96.26M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$304.27M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $1,105M as of Mar 31, 2024 |
| Shares outstanding: | 91,986,471 as of Apr 12, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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