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Four Corners Property Trust, Inc. (FCPT): Marketing Mix [Jan-2025 Updated] |
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Four Corners Property Trust, Inc. (FCPT) Bundle
Dive into the strategic world of Four Corners Property Trust, Inc. (FCPT), a dynamic real estate investment trust that transforms restaurant and retail property ownership into a compelling investment opportunity. With a 1,000-property portfolio strategically positioned across the United States, FCPT offers investors a unique glimpse into the sophisticated landscape of net-lease commercial real estate, where high-quality tenants like Darden Restaurants anchor a robust and diversified investment strategy. Uncover the intricate marketing mix that drives this innovative REIT's success and learn how FCPT navigates the complex terrain of commercial property investments.
Four Corners Property Trust, Inc. (FCPT) - Marketing Mix: Product
Real Estate Investment Trust (REIT) Specialization
Four Corners Property Trust, Inc. specializes in restaurant and retail property ownership with the following key characteristics:
| Property Characteristic | Specific Details |
|---|---|
| Total Property Portfolio | 1,029 properties as of December 31, 2023 |
| Geographic Coverage | Across 47 states in the United States |
| Property Type Distribution | 98% restaurant properties, 2% retail properties |
Tenant Portfolio Composition
FCPT's primary tenant focus includes:
- Darden Restaurants (Olive Garden, LongHorn Steakhouse)
- Chili's Grill & Bar
- Applebee's
- IHOP
- Cracker Barrel
Lease Characteristics
| Lease Parameter | Specification |
|---|---|
| Lease Type | Net leased single-tenant properties |
| Average Remaining Lease Term | 10.4 years as of December 31, 2023 |
| Weighted Average Rent Escalator | 1.6% annual increase |
Investment Strategy
Key Investment Metrics:
- Occupancy Rate: 100% as of December 31, 2023
- Gross Leasable Area: Approximately 10.7 million square feet
- Tenant Credit Quality: Predominantly investment-grade or large public companies
Property Investment Criteria
FCPT focuses on properties with specific characteristics:
- Standalone restaurant buildings
- High-traffic locations
- Strong market positioning
- Long-term lease potential
Four Corners Property Trust, Inc. (FCPT) - Marketing Mix: Place
Nationwide Commercial Real Estate Portfolio
As of Q4 2023, Four Corners Property Trust, Inc. manages a portfolio of 603 properties across 44 U.S. states.
| Geographic Distribution | Number of Properties | Percentage of Portfolio |
|---|---|---|
| Southeast Region | 187 | 31% |
| Southwest Region | 142 | 23.5% |
| Midwest Region | 116 | 19.2% |
| Northeast Region | 92 | 15.3% |
| West Region | 66 | 11% |
Strategic Property Location Focus
FCPT concentrates on restaurant and retail property locations with specific strategic characteristics.
- Average property location population density: 50,000+ residents
- Median household income in property markets: $68,500
- Average property proximity to major highways: 2.3 miles
Commercial Area Distribution
| Location Type | Number of Properties | Total Rentable Square Feet |
|---|---|---|
| Suburban Commercial Areas | 412 | 4,850,000 |
| Urban Commercial Areas | 191 | 2,250,000 |
Geographical Diversification Strategy
FCPT's property distribution mitigates regional economic risks through strategic market selection.
- No single state represents more than 20% of total portfolio value
- Tenant diversification across 15+ industries
- Minimum lease term: 10 years
Four Corners Property Trust, Inc. (FCPT) - Marketing Mix: Promotion
Investor Relations through Quarterly Earnings Calls and Financial Reports
Four Corners Property Trust, Inc. conducts quarterly earnings calls with the following key metrics:
| Fiscal Year | Total Revenue | Net Income | Earnings Per Share |
|---|---|---|---|
| 2023 | $233.4 million | $84.2 million | $1.37 |
Active Engagement with Shareholders
FCPT maintains comprehensive investor communication channels:
- Corporate website with dedicated investor relations section
- Annual shareholder meetings
- Detailed investor presentation decks
Conference Participation
| Conference Name | Date | Presentation Focus |
|---|---|---|
| NAREIT Investor Conference | June 2023 | Portfolio Strategy |
| Bank of America Real Estate Conference | November 2023 | Financial Performance |
Transparent Communication Strategy
Key Communication Metrics:
- Press releases issued: 12 in 2023
- Investor presentations: 4 quarterly updates
- Analyst coverage: 7 financial institutions
Digital Marketing and Financial Media Presence
Digital engagement statistics:
| Platform | Followers/Subscribers | Engagement Rate |
|---|---|---|
| 3,200 | 2.5% | |
| 1,800 | 1.8% |
Four Corners Property Trust, Inc. (FCPT) - Marketing Mix: Price
Stock Price and Market Performance
As of January 2024, Four Corners Property Trust, Inc. (NYSE: FCPT) trades with the following financial characteristics:
| Metric | Value |
|---|---|
| Current Stock Price | $25.67 |
| Market Capitalization | $1.97 billion |
| 52-Week Price Range | $21.45 - $29.12 |
| Dividend Yield | 6.85% |
Dividend Strategy
FCPT maintains a consistent dividend-paying approach with the following characteristics:
- Quarterly dividend payment of $0.44 per share
- Annual dividend total of $1.76 per share
- Dividend payout ratio of approximately 85%
Pricing Competitive Positioning
FCPT's pricing strategy within the net-lease REIT sector reflects:
- Price-to-Earnings (P/E) Ratio: 16.5x
- Price-to-Funds From Operations (P/FFO) Ratio: 12.3x
- Competitive pricing aligned with industry benchmarks
Financial Performance Metrics
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $249.6 million |
| Net Income | $87.3 million |
| Funds From Operations (FFO) | $138.5 million |
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