FCPT Stock Fair Value – Asset Management One Co. Ltd. Trims Position in Four Corners Property Trust, Inc
January 6, 2024

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Asset Management One Co. Ltd. recently trimmed its stake in Four Corners Property ($NYSE:FCPT) Trust, Inc. (FCPT). FCPT is a real estate investment trust (REIT) focused on acquiring, owning and leasing restaurant and retail properties. The company primarily invests in free-standing restaurants and retail properties located throughout the United States. It holds a diverse portfolio of properties from casual dining restaurant chains such as Applebee’s, Burger King, Olive Garden, and Outback Steakhouse, to retail outlets such as CVS Pharmacy, Walgreens, and Dollar General.
In addition, the company owns a pipeline of potential restaurant and retail development sites. FCPT has offices in Irving, Texas and Scottsdale, Arizona. It is externally managed and advised by an affiliate of Four Corners Capital Management LLC. It is yet to be seen how this move will affect the company’s stock price and performance in the future.
Share Price
After trading opened at $24.9, the stock closed at $25.0, a decrease of 0.1% from its previous closing price of $25.0. It is not clear at this time what the exact motivations behind this move are, however it could be due to current market conditions or a change in the company’s outlook. 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 |
| 242.83 | 93.78 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FCPT. More…
| Operations | Investing | Financing |
| 161.41 | -423.39 | 241.61 |
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 |
| 2.46k | 1.2k | 13.82 |
Key Ratios Snapshot
Some of the financial key ratios for FCPT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 54.5% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – FCPT Stock Fair Value
At GoodWhale, we have analyzed the fundamentals of FOUR CORNERS PROPERTY TRUST and have calculated its intrinsic value to be approximately $27.5 through our proprietary Valuation Line. This means that currently, FOUR CORNERS PROPERTY TRUST stock is trading at $25.0, which is a fair price that is undervalued by 9.2%. This presents a unique opportunity for investors to buy into FOUR CORNERS PROPERTY TRUST at a lower price than what the market deems its true value to be. 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
Overall, Four Corners Property Trust has potential for growth, but investors should conduct research and explore other investment opportunities before deciding on a position.
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