GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Four Corners Property Trust Inc (NYSE:FCPT) » Definitions » Net Income

Four Corners Property Trust (Four Corners Property Trust) Net Income : $96.3 Mil (TTM As of Mar. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Four Corners Property Trust Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Four Corners Property Trust's Net Income for the three months ended in Mar. 2024 was $24.0 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was $96.3 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Four Corners Property Trust's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $0.26.


Four Corners Property Trust Net Income Historical Data

The historical data trend for Four Corners Property Trust's Net Income 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.

* Premium members only.

Four Corners Property Trust Net Income Chart

Four Corners Property Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 72.62 77.33 85.58 97.77 95.34

Four Corners Property Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income 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 23.12 23.63 24.16 24.43 24.04

Four Corners Property Trust Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Four Corners Property Trust's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=95.592+-0.13+0+-0.122
=95.3

Four Corners Property Trust's Net Income for the quarter that ended in Mar. 2024 is calculated as

Net Income(Q: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=24.101+-0.027+0+-0.029999999999998
=24.0

Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $96.3 Mil.

* 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  (NYSE:FCPT) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Four Corners Property Trust's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as

* 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.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Four Corners Property Trust Net Income Related Terms

Thank you for viewing the detailed overview of Four Corners Property Trust's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Four Corners Property Trust (Four Corners Property Trust) Business Description

Traded in Other Exchanges
Address
591 Redwood Highway, Suite 3215, Mill Valley, CA, USA, 94941
Four Corners Property Trust Inc is a real estate investment trust primarily 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 primarily 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 most of the revenue from the real estate operations segment.
Executives
Douglas B Hansen director ONE BELEVEDERE PLACE, SUITE 300, BELVEDERE CA 94941
William H Lenehan director, officer: President and CEO 2784 UNION STREET APT 1, SAN FRANCISCO CA 94123
John S Moody director MARSH MCLENNAN REALTY ADVISORS, 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Jesuele Barbara Angelica Faylona director 15308 DE PAUW STREET, PACIFIC PALISADES CA 90272
Niccole Stewart officer: Chief Accounting Officer 591 REDWOOD HIGHWAY, SUITE 1150, MILL VALLEY CA 94941
Elizabeth Tennican director 119 30TH AVE, SAN FRANCISCO CA 94121
Toni S Steele director 6147 SAN VICENTE BOULEVARD, LOS ANGELES CA 90048
Gerald R Morgan officer: Chief Financial Officer 591 REDWOOD HIGHWAY, SUITE 1150, MILL VALLEY CA 94941
James L Brat officer: General Counsel 591 REDWOOD HIGHAWY, SUITE 1150, MILL VALLEY CA 94941
Eric Hirschhorn director 12701 WHITEWATER DRIVE, SUITE 200, MINNETONKA MN 55343
Charles Jemley director C/O FOUR CORNERS PROPERTY TRUST, INC., 591 REDWOOD HIGHWAY, SUITE 1150, MILL VALLEY CA 94941
Paul E. Szurek director C/O CORESITE REALTY CORPORATION, 1001 17TH STREET, SUITE 500, DENVER CO 80202
Marran H. Ogilvie director 599 LEXINGTON AVENUE, NEW YORK NY 10022
Darden Restaurants Inc 10 percent owner 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837