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Four Corners Property TrustFCPT -0.16%83 Return-on-Tangible-Asset is 4.32% as of Mar. 2026, which is 16% below its 10-year median of 5.16. GuruFocus rates FCPT with a GF Score™ of 83/100 and a GF Value™ of $25.51 (Fairly Valued). The stock has 7 warning signs investors should review. Among 939 REITs companies, Four Corners Property Trust ranks better than 59.96% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Four Corners Property Trust's annualizedNet Income for the quarter that ended in Mar. 2026 was $121.3 Mil. Four Corners Property Trust's average total tangible assets for the quarter that ended in Mar. 2026 was $2,808.3 Mil. Therefore, Four Corners Property Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.32%.
The historical rank and industry rank for Four Corners Property Trust's Return-on-Tangible-Asset or its related term are showing as below:
FCPT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.13 Med: 5.16 Max: 16.82
Current: 4.3
During the past 13 years, Four Corners Property Trust's highest Return-on-Tangible-Asset was 16.82%. The lowest was 4.13%. And the median was 5.16%.
FCPT's Return-on-Tangible-Asset is ranked better than 59.96% of 939
companies
in the REITs industry
Industry Median: 3.24
vs FCPT: 4.30
Four Corners Property Trust (NYSE:FCPT) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Four Corners Property Trust Return-on-Tangible-Asset Related Terms
Four Corners Property Trust Return-on-Tangible-Asset Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Four Corners Property Trust Return-on-Tangible-Asset Chart
FCPT vs IVT, AKR, UE: Return-on-Tangible-Asset Comparison
For the REIT - Retail subindustry, Four Corners Property Trust's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Four Corners Property Trust Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Four Corners Property Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Four Corners Property Trust's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 4.32% mean?
Four Corners Property Trust (FCPT) has a Return-on-Tangible-Asset of 4.32% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Four Corners Property Trust and its competitors. This is 16% below median its historical median of 5.16. Over the past decade, Four Corners Property Trust's Return-on-Tangible-Asset has ranged from 4.13 to 16.82. According to the industry distribution chart, Four Corners Property Trust ranks #376 out of 939 companies in the REITs industry, placing it in the top 40%.
Is Four Corners Property Trust's Return-on-Tangible-Asset too high?
Four Corners Property Trust's current Return-on-Tangible-Asset of 4.32% is 16% below median its 10-year median of 5.16. Over the past 10 years, this metric has ranged from a low of 4.13 to a high of 16.82. The REITs industry median Return-on-Tangible-Asset is 3.24. Four Corners Property Trust's value of 4.32% is 33.3% above this industry median. Based on the distribution chart, Four Corners Property Trust ranks #376 out of 939 companies in the REITs industry, which is above the industry midpoint. Overall, Four Corners Property Trust has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Four Corners Property Trust's Return-on-Tangible-Asset compare to IVT and AKR?
According to the REITs industry distribution chart, Four Corners Property Trust ranks #376 out of 939 companies for Return-on-Tangible-Asset. This puts Four Corners Property Trust in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.24. Four Corners Property Trust's value of 4.32% is 33.3% above this benchmark. Historically, Four Corners Property Trust's own Return-on-Tangible-Asset has ranged from 4.13 to 16.82 over the past decade. While the company's 10-year median is 5.16 vs. the industry median of 3.24, Four Corners Property Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.24, based on 939 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Four Corners Property Trust's current Return-on-Tangible-Asset of 4.32% is 33.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Four Corners Property Trust and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Four Corners Property Trust's current Return-on-Tangible-Asset is 4.32%, which is 16% below median its own 10-year median of 5.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Four Corners Property Trust stock overvalued right now?
Based on GuruFocus' analysis, Four Corners Property Trust (FCPT) is currently considered Fairly Valued. The stock's GF Value™ is $25.51, compared to a current price of $25.15 — trading 1.4% below its estimated fair value. The current Return-on-Tangible-Asset is 4.32%, which is 16% below median its 10-year median of 5.16 and 33.3% above the REITs industry median of 3.24. Four Corners Property Trust's overall GF Score™ is 83/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Four Corners Property Trust (FCPT), the current Return-on-Tangible-Asset is 4.32% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Four Corners Property Trust (FCPT) Overvalued in 2026?
Based on GuruFocus' analysis, Four Corners Property Trust stock appears to be undervalued.
The current stock price of $25.15 is trading 1.4% below its estimated GF Value™ of $25.51.
GuruFocus considers Four Corners Property Trust to be Fairly Valued.
Key valuation signals for FCPT:
Return-on-Tangible-Asset: 4.32% (16% below median its 10-year median of 5.16)
GF Value™: $25.51 vs. price of $25.15 (1.4% below fair value)
Industry Position: 33.3% above the REITs median (#376 of 939)
No single metric tells the full story. See the FCPT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Four Corners Property Trust Inc is a real estate investment trust predominantly engaged in the ownership, acquisition and leasing of restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. The firm operates through two segments namely, real estate operations and restaurant operations. The real estate operations segment consists of rental revenues generated by leasing restaurant and retail properties to tenants. The restaurant operations segment is conducted through a taxable REIT subsidiary (TRS) and consists of Kerrow Restaurant Operating Business. The firm generates majority of the revenue from the real estate operations segment.
83GF Score
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