Dividend Challengers 2025: Top 25

7. Four Corners Property Trust, Inc. (NYSE:FCPT)

Dividend Yield as of April 29: 5.10%

Four Corners Property Trust, Inc. (NYSE:FCPT) is a California-based real estate investment trust company that specializes in owning and leasing restaurant and retail properties. The company regularly expands its portfolio through new acquisitions. Recent purchases include a Chuy’s property from Darden for $2.9 million, an Outback Steakhouse for $1.6 million, and an auto service property for $5.3 million. These additions help diversify its holdings and support Four Corners’ ability to raise its dividend. The stock has surged by over 4% since the start of 2025.

In the first quarter of 2025, Four Corners Property Trust, Inc. (NYSE:FCPT) reported revenue of $71.4 million, which showed a 7.5% YoY growth and also beat analysts’ estimates by $3.54 million. However, the company’s EPS of $0.26 missed the consensus marginally by $0.01. Rental revenue rose 8.4% year-over-year to $63.5 million, which included $63.2 million in cash rents and $0.2 million from straight-line and other non-cash rent adjustments.

As of March 31, 2025, Four Corners Property Trust, Inc. (NYSE:FCPT)’s rental portfolio comprised 1,221 properties spread across 47 states. The portfolio was 99.4% occupied based on square footage, with tenants under long-term net leases averaging about 7.3 years remaining. The company maintained a solid cash position. FCPT had around $617 million in available liquidity, which included $22 million in cash and cash equivalents, expected net proceeds of about $245 million from existing forward sale agreements, and $350 million in available capacity under its revolving credit facility.

Four Corners Property Trust, Inc. (NYSE:FCPT) currently pays a quarterly dividend of $0.355 per share and has a dividend yield of 5.10%, as of April 29. The company has been rewarding shareholders with growing dividends for the past eight consecutive years.