Four Corners Property Trust, headquartered in Mill Valley, California, was established in 2015 as a publicly traded real estate investment trust under the ticker symbol FCPT. Since its formation, the company has evolved into a specialized net-lease REIT focused on owning and leasing restaurant, select retail real estate & office/medical properties across the United States. FCPT’s strategic direction emphasizes stable, long-term income through net leases, which shift operating expenses to tenants and support predictable cash flows. The company’s investment approach prioritizes diversification across brands, tenant credit profiles, and geographic markets, with a focus on categories that tend to demonstrate resistance to e-commerce disruption and economic volatility. The organization’s portfolio centers on nationally recognized restaurant and retail brands, supported by long weighted-average lease terms and broad domestic distribution. FCPT’s tenant base includes a mix of casual dining, quick-service restaurants, and automotive services, reflecting a strategy that targets sectors with consistent in-person customer demand. Leadership places emphasis on acquiring properties at attractive capitalization rates while maintaining disciplined underwriting standards intended to preserve long-term value. The company’s market exposure spans numerous regions, but several states and metropolitan areas historically comprise a meaningful share of its rental revenues. FCPT’s top markets include high-traffic corridors with strong demographic profiles and established consumer spending patterns. Tenant concentration trends show that certain national restaurant operators represent significant proportions of rental income, creating both predictable revenue streams and concentration considerations.