WallStSmart

Four Corners Property Trust Inc (FCPT)vsRealty Income Corporation (O)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Realty Income Corporation generates 1859% more annual revenue ($5.76B vs $294.13M). FCPT leads profitability with a 38.2% profit margin vs 18.4%. FCPT trades at a lower P/E of 22.3x. O earns a higher WallStSmart Score of 64/100 (C+).

FCPT

Buy

56

out of 100

Grade: C

Growth: 5.3Profit: 7.5Value: 5.7Quality: 5.0
Piotroski: 4/9Altman Z: 0.98

O

Buy

64

out of 100

Grade: C+

Growth: 8.0Profit: 6.5Value: 2.0Quality: 4.3
Piotroski: 3/9Altman Z: 0.77
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FCPTSignificantly Overvalued (-108.3%)

Margin of Safety

-108.3%

Fair Value

$12.12

Current Price

$23.90

$11.78 premium

UndervaluedFair: $12.12Overvalued
OSignificantly Overvalued (-17.8%)

Margin of Safety

-17.8%

Fair Value

$54.76

Current Price

$60.46

$5.70 premium

UndervaluedFair: $54.76Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FCPT3 strengths · Avg: 9.3/10
Profit MarginProfitability
38.2%10/10

Keeps 38 of every $100 in revenue as profit

Operating MarginProfitability
56.3%10/10

Strong operational efficiency at 56.3%

Price/BookValuation
1.6x8/10

Reasonable price relative to book value

O5 strengths · Avg: 9.0/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Operating MarginProfitability
47.0%10/10

Strong operational efficiency at 47.0%

Market CapQuality
$57.04B9/10

Large-cap with strong market position

EPS GrowthGrowth
41.2%8/10

Earnings expanding 41.2% YoY

Free Cash FlowQuality
$1.15B8/10

Generating 1.2B in free cash flow

Areas to Watch

FCPT3 concerns · Avg: 3.0/10
EPS GrowthGrowth
2.7%4/10

2.7% earnings growth

Return on EquityProfitability
7.3%3/10

ROE of 7.3% — below average capital efficiency

Altman Z-ScoreHealth
0.982/10

Distress zone — elevated risk

O4 concerns · Avg: 2.5/10
Return on EquityProfitability
2.7%3/10

ROE of 2.7% — below average capital efficiency

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
5.752/10

Expensive relative to growth rate

P/E RatioValuation
52.1x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : FCPT

The strongest argument for FCPT centers on Profit Margin, Operating Margin, Price/Book. Profitability is solid with margins at 38.2% and operating margin at 56.3%. Revenue growth of 10.7% demonstrates continued momentum.

Bull Case : O

The strongest argument for O centers on Price/Book, Operating Margin, Market Cap. Profitability is solid with margins at 18.4% and operating margin at 47.0%. Revenue growth of 11.0% demonstrates continued momentum.

Bear Case : FCPT

The primary concerns for FCPT are EPS Growth, Return on Equity, Altman Z-Score.

Bear Case : O

The primary concerns for O are Return on Equity, Piotroski F-Score, PEG Ratio. A P/E of 52.1x leaves little room for execution misses.

Key Dynamics to Monitor

FCPT carries more volatility with a beta of 0.83 — expect wider price swings.

O is growing revenue faster at 11.0% — sustainability is the question.

O generates stronger free cash flow (1.2B), providing more financial flexibility.

Monitor REIT - RETAIL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

O scores higher overall (64/100 vs 56/100), backed by strong 18.4% margins and 11.0% revenue growth. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Four Corners Property Trust Inc

REAL ESTATE · REIT - RETAIL · USA

Four Corners Property Trust Inc. (FCPT) is a prominent real estate investment trust (REIT) specializing in the acquisition and management of high-quality retail and restaurant properties across the United States. With a diversified portfolio primarily composed of single-tenant assets, FCPT is strategically positioned to deliver consistent cash flow and attractive returns to its shareholders. The company maintains robust relationships with leading restaurant brands, which not only reinforces its market presence but also enhances its growth prospects in an evolving retail environment. Through diligent asset management and a strong lease framework, FCPT is dedicated to maximizing long-term value for its investors while adapting to changing consumer trends.

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Realty Income Corporation

REAL ESTATE · REIT - RETAIL · USA

Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, Puerto Rico, and the United Kingdom that are subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California.

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