Four Corners Property Trust, Inc. (FCPT)

Real Estate Investment Trusts

Latest Price

$23.50

TTM P/E

21.36

Normalized P/E

21.13

Div Yield

6.19%

Book Value

14.82

P/B Ratio

1.59

Valuation metrics

EPS: $1.09

Book value / share: $15.06

Formula: √(22.5 × EPS × BVPS)

Graham Number

$19.22

18% downside

Norm. op. income: $134M (median of 7yr)

Tax rate: 5%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$0.78

97% downside

EPS: $1.09

Target P/E: 21×

Formula: EPS × P/E

P/E Fair Value

$22.89

3% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	19.98M	$490.0M	18.20%	-9.2K	2026-06-30
FMR LLC	7.11M	$174.0M	6.48%	-1.57M	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	7.10M	$174.0M	6.47%	+448.9K	2026-06-30
STATE STREET CORP	6.28M	$156.0M	5.73%	+195.1K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	4.92M	$120.0M	4.48%	+13.8K	2026-06-30
VICTORY CAPITAL MANAGEMENT INC	3.81M	$93.0M	3.47%	-115.9K	2026-06-30
Capital International Investors	3.40M	$83.0M	3.10%	+93.4K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	3.13M	$76.0M	2.86%	+242.8K	2026-06-30
TWO SIGMA INVESTMENTS, LP	2.91M	$71.0M	2.65%	--	2026-06-30
LASALLE INVESTMENT MANAGEMENT SECURITIES LLC	2.83M	$69.0M	2.58%	+269.2K	2026-06-30