Four Corners Property Trust, Inc. (FCPT) company profile
Close on Nov 13, 2026Market cap $2.56BP/E 21.4Yield 6.14%
About Four Corners Property Trust
Real Estate Investment Trusts, SIC 6798
Four Corners Property Trust engages in real estate operations and commercial property leasing, acquiring and managing facilities leased to commercial businesses. The company functions across segments including real estate operations and restaurant operations. Its portfolio encompasses multiple industry categories, notably casual dining restaurants, quick-service eateries, auto service shops, medical retail centers, and multi-tenant commercial assets. The business serves commercial tenants and corporate operators leasing its physical properties, which include restaurant operators such as Olive Garden along with diverse automotive, medical, and retail tenants operating under long-term leases.
Geographically, the entity holds real estate properties across dozens of United States jurisdictions, including Alabama, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, and Wisconsin. The provided excerpt discloses extensive multi-state commercial site holdings and credit agreements without identifying a specific headquarters location.
Summary of the business section of Four Corners Property Trust's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Four Corners Property Trust, Inc.
- Headquarters
- Mill Valley, CA
- Address
- 591 Redwood Highway, Suite 3215 94941
- Phone
- (415) 965-8030
- Website
- fcpt.com
- Employees
- 496, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- KPMG LLP, San Francisco, California
Stock & identifiers
- Ticker
- FCPT
- Exchange
- NYSE
- IPO date
- Nov 10, 2015
- Shares outstanding
- 110M, Oct 29, 2026
- Public float
- $2.72B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1650132
- CUSIP
- 35086T109
- ISIN
- US35086T1097
- FIGI
- BBG009H33QM0
- Share class FIGI
- BBG009H33QN9
- LEI
- 549300SVTPZPBDVNER42
- EIN
- 47-4456296
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| William H. Lenehan | President and CEO, Director | 796,325 |
| Patrick L. Wernig | Chief Financial Officer | 150,941 |
| James L. Brat | Chief Operations Officer | 138,207 |
| Niccole Stewart | Chief Accounting Officer | 22,916 |
| Douglas B. Hansen | Director | 91,367 |
| Toni S. Steele | Director | 31,758 |
| Elizabeth Tennican | Director | 34,653 |
| Barbara Angelica Faylona Jesuele | Director | 22,928 |
| Charles Jemley | Director | 48,980 |
| Michael Lawrence Friedland | Director | 7,941 |
| Marran H. Ogilvie | Director | 67,290 |
| John S. Moody | Director | 53,821 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $5.70M | $2.04M | $1.76M | $102 | $127 |
| FY2024 | $4.62M | $5.66M | $1.48M | $114 | $93 |
| FY2023 | $5.34M | $4.03M | $1.89M | $98 | $123 |
| FY2022 | $3.63M | $2.57M | $1.30M | $111 | $100 |
| FY2021 | $2.78M | $1.92M | $1.02M | $114 | $132 |
| FY2020 | $3.28M | $6.82M | $1.39M | $112 | $92 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| William H. Lenehan President and Chief Executive Officer | $724.61K | $905.76K | $3.71M | $365.33K | $5.70M | +23% |
| Patrick L. Wernig Chief Financial Officer and Treasurer | $454.84K | $318.39K | $788.53K | $55.08K | $1.62M | +4% |
| James L. Brat Chief Operations Officer, Chief Legal Officer and Secretary | $487.54K | $316.90K | $899.78K | $190.09K | $1.89M | +37% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of February 12, 2026, we had 496 employees, of which 451 were employed at our Kerrow Restaurant Operating Business.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Oct 1, 2018 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Aug 8, 2018 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Aug 11, 2015 | Spin-off | Registration as a new public company (Form 10), e.g. spin-off |
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