Four Corners is among the nation’s leading owners of restaurant real estate. Seeded with a strong and proven portfolio of 421 restaurants located across 44 states, the Company is positioned to grow and further diversify its portfolio. Four Corners represents a compelling proposition to both shareholders and sellers of food-service real estate. Shareholders: Owners of a geographically diversified portfolio of high quality real estate A conservative and flexible balance sheet that will allow for diversifying growth Predictable dividends that are supported by long leases, exceptional property level rent coverage, contractual rent growth, and a 100% investment grade tenancy Recent private market validation of similar assets at attractive valuation levels Seasoned management and board, economically aligned, with directly relevant experience Best-in-class corporate governance Sellers of foodservice real estate: Acquiring net leased food service real estate is all we do; you will receive attention from the highest levels of our organization We were founded on a philosophy of partnering with sellers. We rely on fair, balanced documents and utilize an efficient due diligence process honed over hundreds of acquisitions We benefit from an UPREIT structure that allows for tax efficient property-for-equity transactions We operate a restaurant franchise business in San Antonio, TX with six restaurants and approximately 350 employees – we understand the needs of restaurant entrepreneurs
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Type
Public
HQ
Mill Valley, US
Size (employees)
324 (est)
Four Corners Property Trust is headquartered in Mill Valley, US
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Four Corners Property Trust Office Locations

Four Corners Property Trust has an office in Mill Valley
Mill Valley, US (HQ)
1150 591 Redwood Highway Frontage Rd
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Four Corners Property Trust Financials and Metrics

Four Corners Property Trust Financials

Four Corners Property Trust's revenue was reported to be $133.21 m in FY, 2017
USD

Revenue (FY, 2017)

133.2 m

Net income (FY, 2017)

71.9 m

Market capitalization (18-Apr-2018)

1.4 b

Cash (31-Dec-2017)

64.5 m
Four Corners Property Trust's current market capitalization is $1.4 b.
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

33.5 m124 m133.2 m

Revenue growth, %

271%

General and administrative expense

12.3 m

Operating expense total

72.2 m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017

Revenue

32.7 m33.2 m33.5 m

General and administrative expense

2.9 m3.5 m2.9 m

Operating expense total

17 m18 m18.4 m

Interest expense

4.1 m4.5 m5.5 m
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

26.6 m64.5 m

Accounts Receivable

1.9 k21.7 k

Total Assets

937.2 m1.1 b

Accounts Payable

208.3 k206 k
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

36.1 m38.7 m18.9 m18.1 m81.3 m82.9 m

Total Assets

864.7 m864.7 m866.4 m943.9 m1.1 b1.1 b

Dividends Payable

14.5 m14.5 m14.5 m14.5 m14.8 m14.8 m

Total Liabilities

427.5 m428.9 m427 m466.4 m546.2 m548.1 m
Annual
USDFY, 2015FY, 2017

Net Income

71.9 m

Depreciation and Amortization

21.8 m

Accounts Payable

36.7 m

Cash From Operating Activities

98.1 m78.9 m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017

Net Income

15.6 m34.1 m53.4 m

Depreciation and Amortization

5.4 m10.8 m16.3 m

Cash From Operating Activities

19 m39.2 m60.2 m

Long-term Borrowings

(2.3 m)
USDY, 2017

Revenue/Employee

411.1 k

Financial Leverage

2 x
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