FCPTFour Corners Property Trust, Inc.
Real Estate Investment Trusts
- Revenue
- $31M
- 1.8% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $1.6B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear171% of net incomeCash flow under 80% of net income
- Dilutive SBCFired28% of revenueOver 10% of revenue
- Payouts exceed cash flowClear75% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $27M | $30M | $31M | $31M | $31M | 1.8% |
| Net income | $86M | $98M | $95M | $100M | $112M | 12% |
| Operating cash flow | $122M | $142M | $165M | $144M | $192M | 33% |
| Capex | $268M | $296M | — | — | — | |
| Stock-based comp | $4M | $5M | $6M | $7M | $9M | 27% |
| Dividends | $97M | $108M | $120M | $128M | $144M | 12% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $6M | $2M | 102 | 127 |
| FY2024 | $5M | $6M | 114 | 93 |
| FY2023 | $5M | $4M | 98 | 123 |
| FY2022 | $4M | $3M | 111 | 100 |
| FY2021 | $3M | $2M | 114 | 132 |