“Interest expense increased by $1.1 million for the six months ended June 30, 2026 compared to the six months ended June 30, 2025, primarily due to the net increase in term loans of $50 million in April 2026.”10-Q · Jul 30, 2026 ↗
Four Corners Property Trust, Inc.
FCPT
Market read
Four Corners Property Trust, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 12 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
- Interest expense rose vs prior year primarily due to a net $50.0M increase in term loans in April 2026 (reported increases: $1.1M six months, $0.7M three months).
- Total restaurant expenses increased $0.8M (six months) and $0.4M (three months) vs prior year, primarily attributable to higher commodity costs.
Invalidation: The isolated read changes if FCPT's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 12 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Interest expense rose vs prior year primarily due to a net $50.0M increase in term loans in April 2026 (reported increases: $1.1M six months, $0.7M three months).
- Total restaurant expenses increased $0.8M (six months) and $0.4M (three months) vs prior year, primarily attributable to higher commodity costs.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Net margin changed +32.1 percentage points in the latest annual period.
- Operating cash flow covered net income at 1.71x in the latest annual period.
- Diluted shares increased 9.4% in the latest annual period.
- P/E is 30% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 909% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
24.09Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“GAAP, the noncontrolling interest of FCPT OP is shown as a component of equity on our Consolidated Balance Sheets, and the portion of income allocable to third parties is shown as net income attributable to noncontrolling interests in our Consolidated Income…”10-Q · Jul 30, 2026 ↗
“Total restaurant expenses increased by $0.8 million during the six months ended June 30, 2026 compared to the six months ended June 30, 2025, primarily attributable to higher commodity costs.”10-Q · Jul 30, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 78.8× · EV/sales 116.6×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for FCPT. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for FCPT. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind FCPT
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Filing peers
No filing peers are available for this name yet.
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What is moving around it
Live connections
FCPT is currently a Follower in the organic co-movement group REITs. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.