Four Corners Property: Better Valuation, But Limited Near‑Term Upside

Company Overview - Four Corners Property (FCPT) has seen a decline in its share price from approximately $28 to around $23.50 over a span of 10 months [1] Analyst Background - The analyst has a strong academic foundation with a bachelor's degree in Finance and Banking and a master's degree in Financial Management and Investment [2] - The analyst holds certifications as a Capital Markets and Securities Analyst (CMSA) and a Financial Modeling & Valuation Analyst (FMVA), indicating specialized skills in financial evaluation and modeling [2] - The analyst has passed CFA Level 1 in May 2023, CFA Level 2 in September 2024, and plans to take CFA Level 3 in August 2025, enhancing expertise in investment analysis and portfolio management [2] Investment Philosophy - The analyst employs a contrarian investment approach, focusing on undervalued assets while maintaining a long-term perspective [2] - There is a preference for stable cash flow sectors such as consumer defensive, utilities, and real estate, aligning with value investing principles [2]