FCPT at a glance
Four Corners Property Trust, Inc. (FCPT, SEC CIK 1650132) filed its latest 10-K annual report on February 12, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on July 29, 2026 and Form 4 insider filings as recently as September 16, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Four Corners Property Trust, Inc. (FCPT) reported revenue of $31.5 million (up 1.8% from FY2024) and net income of $112.4 million. Diluted EPS was $1.09.
- As of June 30, 2026, 32 institutional investment managers tracked by SignalX reported holding Four Corners Property Trust, Inc. (FCPT) shares worth $1.6 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $31.5M
- +1.8% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 32 funds
- $1.6B · +0 vs prior quarter
- Latest 8-K
- Jul 29, 2026
- Item 7.01 · Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: REIT owning, acquiring, leasing restaurant and retail properties via net leases with tenants responsible for property costs
- 2025 acquisitions: 105 properties totaling $325.5 million investment, 713.9k square feet added to 1,303 properties portfolio across 48 states
- Strategic emphasis on diversification beyond Darden, raising non-restaurant retail share to 26% of revenues, down from restaurant concentration
- Key metric: 99.6% occupancy on 8.8 million leasable square feet, weighted average lease term 6.9 years, 1.5% average annual rent escalation through 2030
- Employee count rise to 496 as of Feb 2026, with 451 at Kerrow Restaurant Operating Business, reflecting growth in restaurant operations segment
Risk Factors
- Regulatory risk: Compliance with Americans with Disabilities Act (ADA) may require unanticipated expenditures adversely impacting cash flow
- Geopolitical/macroeconomic risk: Geographic concentration in Texas accounts for 10.0% of annualized base rent, exposed to economic downturns or natural disasters
- Operational risk: Dependence on Olive Garden brand with 316 restaurants creates revenue concentration risk affecting portfolio value if brand perception declines
- Competitive risk: Intense competition among national, regional, and local restaurant chains may negatively impact lease rates upon renewals
- Financial risk: $590 million variable-rate debt exposure with only $560 million hedged, increasing vulnerability to rising interest rates and inflation impacts
Management Discussion & Analysis
- Revenue $294.1M in 2025, up $26.1M YoY; rental revenue $262.6M (+$25.5M), restaurant revenue $31.5M (+$0.5M)
- Net income available to common shareholders $112.4M, up $11.9M; no explicit margin % given
- Best performing segment: real estate operations, rental revenue $262.6M with 99.6% occupancy; worst: restaurant operations, revenue $31.5M with minimal growth
- Capital investment $325.5M in 2025 acquiring 105 properties; interest expense $51.9M (+$2.6M) linked to $75M term loan increase
- Forward outlook focused on acquisition strategy reducing reliance on Darden, maintaining REIT qualification, with rising state income taxes as acquisition expands
AI summary of the FCPT 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Total revenue $78.4M, up 8% YoY from $72.8M, led by rental revenue growth
- Net income $30.0M vs $28.0M YoY; no margin percentages disclosed
- Best segment real estate: rental revenue $70.0M, up 8% YoY
- Restaurant revenue $8.4M, up 4%; higher commodity costs increased expenses $0.4M
- $50M term-loan increase in April; $85.5M invested in 33 properties during six months
Risk Factors
- Risk factors section absent; provided text begins with Item 2 and references 10-K page 8
- New financing documentation: $ term loan agreement dated April 6, 2026
- Updated credit arrangements: fifth amended revolving credit and term loan agreement dated July 28, 2026
- Compliance disclosure: no director or officer adopted or terminated Rule 10b5-1 arrangements during quarter
AI summary of the FCPT 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Management investor presentations signal upcoming communication of FCPT’s strategy, operating priorities, and investment narrative
- Exhibit 99.3 contains the presentation materials investors should review for substantive disclosures
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 financial results announced for quarter ended June 30, 2026
- Press release and Supplemental Financial & Operating Information provided in Exhibits 99.1 and 99.2
Item EX-99.1: Item EX-99.1
- Q2 rental revenue rose 8.0% to $70.0 million, while net income reached $30.0 million or $0.27 per diluted share
- AFFO per share increased 1.4% to $0.45, indicating modest underlying cash-flow growth despite flat FFO per share
Item 7.01: Regulation FD Disclosure
- FCPT amended and restated its revolving credit and term-loan agreement with existing and new lenders
- New financing terms could affect liquidity, borrowing capacity, interest expense, and financial flexibility
Item EX-99.1: Item EX-99.1
- Credit facility expanded from $940M to $1.15B, increasing FCPT’s capacity for acquisitions and corporate funding
- $400M 2031 term loan; $190M refinances maturities through February 2027, while $210M funds investments and general purposes
Item 8.01: Other Events
- $268.0M acquisition of up to 102 veterinary facilities, expanding FCPT’s healthcare-related real estate portfolio
- Initial full-year cash rent approximately $17.37M, implying a contractual income stream from the acquired properties
Item 7.01: Regulation FD Disclosure
- July 16, 2026 press release announces a transaction requiring investor review
- Transaction details and strategic or financial impact are contained in the referenced press release
Item EX-99.1: Item EX-99.1
- $268.0M acquisition of 102 Mission Pet Health veterinary properties, expanding FCPT’s healthcare real estate exposure
- Approximately $17.37M next-twelve-month cash rent, implying significant contracted income contribution
AI summaries of FCPT 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for FCPT
Don't miss the next FCPT filing
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- Fund moves. Which tracked funds opened, added or cut FCPT, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Wernig Patrick L. | J | Sep 15, 2026 | 317 | - |
| Friedland Michael Lawrence | A | Sep 15, 2026 | 37 | - |
| HANSEN DOUGLAS B | J | Sep 15, 2026 | 41 | - |
| Jesuele Barbara Angelica Faylona | J | Sep 15, 2026 | 118 | - |
| Steele Toni S | J | Sep 15, 2026 | 150 | - |
| Steele Toni S | J | Sep 15, 2026 | 150 | - |
| Tennican Elizabeth | J | Sep 15, 2026 | 178 | - |
| Ogilvie Marran H. | J | Sep 15, 2026 | 309 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|
| Profitability | ||||
| Revenue | $30.7M | $30.9M | $31.5M | |
| Net Income | $95.3M | $100.5M | $112.4M | |
| Net Margin | 310.3% | 324.7% | 356.9% | |
| Balance Sheet | ||||
| Total Assets | $2.5B | $2.7B | $2.9B | |
| Equity | $1.3B | $1.5B | $1.6B | |
| ROE | 7.6% | 6.9% | 6.9% | |
| Per Share | ||||
| EPS | $1.07 | $1.07 | $1.09 | |
| Cash Flow | ||||
| Operating CF | $165.1M | $144.1M | $192.3M | |
Source: XBRL data in Four Corners Property Trust, Inc. (FCPT)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate FCPT share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 32 | $1.59B |
| Q1 2026 | 32 | $1.54B |
| Q4 2025 | 30 | $1.48B |
| Q3 2025 | 31 | $1.55B |
| Q2 2025 | 32 | $1.70B |
| Q1 2025 | 29 | $1.23B |
| Q4 2024 | 25 | $1.07B |
| Q3 2024 | 21 | $433.8M |
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- Vanguard Portfolio Management LLC+448.9K (+7%)
- AQR Capital Management+202.6K (+56%)
- State Street Corp+195.1K (+3%)
- FMR LLC (Fidelity)−1.57M (-18%)
- WESTWOOD HOLDINGS GROUP INC−735.7K (-26%)
- Two Sigma Investments−362.4K (-11%)
- Principal Financial Group−311.3K (-20%)
- Raymond James Financial−156.3K (-56%)
- Citadel Advisors LLC−15.0K
Source: 13F-HR filings on SEC EDGAR (aggregated from 232 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
FCPT filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 10-Q | Jul 30, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 29, 2026 | - | Analysis | - |
| 8-K | Jul 28, 2026 | - | Analysis | - |
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FCPT SEC filings: frequently asked questions
Which institutions hold FCPT stock?
As of June 30, 2026, the largest Four Corners Property Trust, Inc. (FCPT) holders among the 13F filers tracked by SignalX were BlackRock ($490.4 million), FMR LLC (Fidelity) ($174.5 million), Vanguard Portfolio Management LLC ($174.3 million), State Street Corp ($156.6 million), Vanguard Capital Management LLC ($120.8 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was FCPT's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Four Corners Property Trust, Inc. (FCPT) reported revenue of $31.5 million (up 1.8% from FY2024) and net income of $112.4 million. Diluted EPS was $1.09. The figures come from the XBRL data in the 10-K.
What are the main risks in FCPT's latest 10-K?
In the 10-K filed February 12, 2026, Four Corners Property Trust, Inc. (FCPT) flagged: Regulatory risk: Compliance with Americans with Disabilities Act (ADA) may require unanticipated expenditures adversely impacting cash flow. Geopolitical/macroeconomic risk: Geographic concentration in Texas accounts for 10.0% of annualized base rent, exposed to economic downturns or natural disasters. (AI summary of the Risk Factors section.)
What did FCPT report in its latest 8-K?
Four Corners Property Trust, Inc. (FCPT) filed an 8-K on July 29, 2026 reporting Item 7.01 (Regulation FD Disclosure) and Item 2.02 (Results of Operations and Financial Condition). Management investor presentations signal upcoming communication of FCPT’s strategy, operating priorities, and investment narrative.
What are the latest FCPT SEC filings?
Four Corners Property Trust, Inc. (FCPT) filed its latest 10-K annual report on February 12, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on July 29, 2026 and a Form 4 insider filing on September 16, 2026.
What is FCPT's SEC CIK number?
Four Corners Property Trust, Inc. (FCPT)'s SEC Central Index Key (CIK) is 1650132. EDGAR lists every FCPT filing under that number.
Ask anything about FCPT
The research agent reads FCPT's filings, financials, insider trades and 13F holders, then answers with sources.