FCPT Stock Fair Value Calculation – Four Corners Property Trust Expands Portfolio with Dual-Tenant Aspen Dental and WellNow Urgent Care Property Acquisition
August 9, 2023
☀️Trending News
Four Corners Property ($NYSE:FCPT) Trust (FCPT) recently expanded their real estate portfolio with the acquisition of an Aspen Dental and WellNow Urgent Care dual-tenant property located in an undisclosed market. FCPT is a publicly traded real estate investment trust (REIT) focused on owning and leasing high-quality net-leased restaurant and retail properties. FCPT has positioned itself to capitalize on the rising demand for net-leased retail properties due to their long-term, triple-net leases and high quality tenants. The company continues to focus on strategic acquisitions, leasing opportunities, and other value-enhancing investments that will maximize value and create long-term returns for shareholders.
Share Price
Four Corners Property Trust announced on Monday that it has acquired a dual-tenant property located in Rochester, New York. The acquisition was met with positive sentiment in the stock market, as FOUR CORNERS PROPERTY TRUST stock opened at $25.6 and closed at $26.0, up by 1.7% from prior closing price of 25.6. The new property is strategically located in a high-traffic shopping center in the affluent Rochester suburb of Greece and is expected to drive further growth for the trust. With this acquisition, FOUR CORNERS PROPERTY TRUST continues to demonstrate its commitment to acquire and manage quality assets that can generate attractive returns for investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FCPT. More…
| Total Revenues | Net Income | Net Margin |
| 234.01 | 94.14 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FCPT. More…
| Operations | Investing | Financing |
| 162.38 | -366.4 | 193.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FCPT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.34k | 1.08k | 14.4 |
Key Ratios Snapshot
Some of the financial key ratios for FCPT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 54.8% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – FCPT Stock Fair Value Calculation
At GoodWhale, we have analyzed the financials of FOUR CORNERS PROPERTY TRUST using our insights. We have determined that the intrinsic value of its share is around $27.7, calculated with our proprietary Valuation Line. Currently, FOUR CORNERS PROPERTY TRUST stock is traded at $26.0, which is a fair price but undervalued by 6.2%. Therefore, this could be an attractive investment for value investors. More…
Peers
The company’s portfolio includes office buildings, retail centers, and warehouses. The company’s competitors include Sasseur REIT, Fair Value REIT-AG, IGB Real Estate Investment Trust.
– Sasseur REIT ($SGX:CRPU)
Sasseur REIT is a Singapore-based real estate investment trust that invests in a portfolio of factory outlet malls in China. The company has a market cap of 847.21 million as of 2022.
– Fair Value REIT-AG ($LTS:0NAG)
Valued at €78.56 million, Fair Value REIT-AG is a publicly traded real estate company that focuses on the development, acquisition, and management of properties in the retail and office sectors in Germany. The company was founded in 2006 and is headquartered in Frankfurt am Main, Germany. Fair Value REIT-AG is one of the leading real estate companies in Germany with a strong focus on the retail sector. The company owns and manages a diversified portfolio of properties, including shopping centers, retail parks, and office buildings. In addition, Fair Value REIT-AG is involved in the development of new properties and the refurbishment of existing ones.
– IGB Real Estate Investment Trust ($KLSE:5227)
IRSA Inversiones y Representaciones S.A. is a real estate investment trust (REIT) based in Buenos Aires, Argentina. The company was founded in 1986 and is one of the largest REITs in Latin America. IRSA Inversiones y Representaciones S.A. owns a portfolio of properties in Argentina, Brazil, Chile, Colombia, Mexico, Peru, and the United States. The company’s portfolio includes office buildings, shopping centers, hotels, and industrial warehouses.
Summary
Four Corners Property Trust (FCPT) is a real estate investment trust (REIT) specializing in the acquisition and leasing of net-leased restaurants, retailers, and medical properties. The company recently made a strategic buyout in which it acquired a dual-tenant Aspen Dental and WellNow Urgent Care property, demonstrating its commitment to diversifying and expanding its portfolio. FCPT is well-positioned to take advantage of the current strong real estate market, and has a strategy to acquire properties in attractive and growing markets at attractive prices.
FCPT’s portfolio features properties located in several states across the country with low tenant turnover rates, helping to ensure consistent income for investors. With the help of their experienced management team and consistent transactions, FCPT has demonstrated an ability to generate long-term value for shareholders.
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