FCPT (Four Corners Property Trust) Scaled Net Operating Assets: 0.97 (As of Mar. 2026)


FCPT Four Corners Property Trust Inc FCPT
81 GF Score
Price $25.58
GF Value $25.50
Valuation Fairly Valued
! 7 Warning Signs
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What is Four Corners Property Trust Scaled Net Operating Assets?

Four Corners Property Trust FCPT +2.24% 81 Scaled Net Operating Assets is 0.97 as of Mar. 2026. GuruFocus rates FCPT with a GF Score™ of 81/100 and a GF Value™ of $25.50 (Fairly Valued). The stock has 7 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Four Corners Property Trust's operating assets for the quarter that ended in Mar. 2026 was $2,922.2 Mil. Four Corners Property Trust's operating liabilities for the quarter that ended in Mar. 2026 was $76.5 Mil. Four Corners Property Trust's Total Assets for the quarter that ended in Dec. 2025 was $2,920.7 Mil. Therefore, Four Corners Property Trust's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.97.


Four Corners Property Trust Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Four Corners Property Trust's Scaled Net Operating Assets can be seen below:

* 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 Scaled Net Operating Assets Chart

Four Corners Property Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.10 1.11 1.07 1.06 1.07

Four Corners Property Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.99 0.99 0.99 1.00 0.97

FCPT vs UE, IVT, AKR: Scaled Net Operating Assets Comparison

For the REIT - Retail subindustry, Four Corners Property Trust's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Four Corners Property Trust's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Four Corners Property Trust's Scaled Net Operating Assets falls into.


FCPT
81GF Score
Four Corners Property Trust Inc FCPT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Four Corners Property Trust Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Four Corners Property Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(2908.582-80.313)/2653.026
=1.07

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2920.726 - 12.144
=2908.582

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1290.887 - 1210.574 - 0
=80.313

Four Corners Property Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(2922.233-76.542)/2920.726
=0.97

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2951.879 - 29.646
=2922.233

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1287.754 - 1211.212 - 0
=76.542

* 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.

What does a Scaled Net Operating Assets of 0.97 mean?
Four Corners Property Trust (FCPT) has a Scaled Net Operating Assets of 0.97 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Four Corners Property Trust and its competitors.
Is Four Corners Property Trust's Scaled Net Operating Assets too high?
Four Corners Property Trust's current Scaled Net Operating Assets is 0.97. Overall, Four Corners Property Trust has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Four Corners Property Trust's Scaled Net Operating Assets compare to UE and IVT?
Four Corners Property Trust's Scaled Net Operating Assets of 0.97 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Four Corners Property Trust and its competitors. Four Corners Property Trust's current Scaled Net Operating Assets is 0.97. 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 $25.50, compared to a current price of $25.58 — trading 0.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.97. Four Corners Property Trust's overall GF Score™ is 81/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Four Corners Property Trust (FCPT), the current Scaled Net Operating Assets is 0.97 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 overvalued. The current stock price of $25.58 is trading 0.3% above its estimated GF Value™ of $25.50. GuruFocus considers Four Corners Property Trust to be Fairly Valued.

Key valuation signals for FCPT:

  • Scaled Net Operating Assets: 0.97
  • GF Value™: $25.50 vs. price of $25.58 (0.3% above fair value)
  • GF Score™: 81/100 with 7 warning signs

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 Business Description

Industry Real EstateREITs
Other Exchanges 4Z1:Germany
Address 591 Redwood Highway, Suite 3215, Mill Valley, CA, USA, 94941
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.
81GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$25.58
Price
$25.50
GF Value