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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
Piedmont Realty Trust, Inc. is the larger business by last-quarter revenue ($143.3M vs $78.2M, roughly 1.8× Four Corners Property Trust, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs -31.4%, a 70.3% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs 0.4%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs 0.0%).
Four Corners Property Trust, Inc. is a publicly traded real estate investment trust that acquires, owns, and manages a portfolio of high-quality net-leased commercial properties. Its assets are primarily restaurant and retail locations across the United States, with tenants largely operating in stable consumer-facing industry segments with proven operational performance.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
FCPT vs PDM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $143.3M |
| Net Profit | $30.4M | $-45.0M |
| Gross Margin | — | — |
| Operating Margin | 55.3% | — |
| Net Margin | 38.8% | -31.4% |
| Revenue YoY | 9.4% | 0.4% |
| Net Profit YoY | 16.0% | -27.9% |
| EPS (diluted) | $0.28 | $-0.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $78.2M | $143.3M | ||
| Q4 25 | $75.7M | $142.9M | ||
| Q3 25 | $74.1M | $139.2M | ||
| Q2 25 | $72.8M | $140.3M | ||
| Q1 25 | $71.5M | $142.7M | ||
| Q4 24 | $68.3M | $143.2M | ||
| Q3 24 | $66.8M | $139.3M | ||
| Q2 24 | $66.5M | $143.3M |
| Q1 26 | $30.4M | $-45.0M | ||
| Q4 25 | $29.4M | $-43.2M | ||
| Q3 25 | $28.8M | $-13.5M | ||
| Q2 25 | $27.9M | $-16.8M | ||
| Q1 25 | $26.2M | $-10.1M | ||
| Q4 24 | $26.2M | $-30.0M | ||
| Q3 24 | $25.6M | $-11.5M | ||
| Q2 24 | $24.7M | $-9.8M |
| Q1 26 | 55.3% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 38.8% | -31.4% | ||
| Q4 25 | 38.9% | -30.3% | ||
| Q3 25 | 38.9% | -9.7% | ||
| Q2 25 | 38.3% | -12.0% | ||
| Q1 25 | 36.6% | -7.1% | ||
| Q4 24 | 38.3% | -20.9% | ||
| Q3 24 | 38.3% | -8.3% | ||
| Q2 24 | 37.1% | -6.8% |
| Q1 26 | $0.28 | $-0.10 | ||
| Q4 25 | $0.27 | $-0.34 | ||
| Q3 25 | $0.28 | $-0.11 | ||
| Q2 25 | $0.28 | $-0.14 | ||
| Q1 25 | $0.26 | $-0.08 | ||
| Q4 24 | $0.27 | $-0.25 | ||
| Q3 24 | $0.27 | $-0.09 | ||
| Q2 24 | $0.27 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.6M | $2.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.7B | $1.5B |
| Total Assets | $3.0B | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.6M | $2.3M | ||
| Q4 25 | $12.1M | $731.0K | ||
| Q3 25 | $6.7M | $3.0M | ||
| Q2 25 | $6.0M | $3.3M | ||
| Q1 25 | $22.3M | $2.9M | ||
| Q4 24 | $4.1M | $109.6M | ||
| Q3 24 | $44.5M | $133.6M | ||
| Q2 24 | $17.2M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $2.2B | ||
| Q3 25 | $1.2B | $2.2B | ||
| Q2 25 | $1.2B | $2.2B | ||
| Q1 25 | $1.2B | $2.2B | ||
| Q4 24 | $1.1B | $2.2B | ||
| Q3 24 | $1.1B | $2.2B | ||
| Q2 24 | $1.2B | $2.2B |
| Q1 26 | $1.7B | $1.5B | ||
| Q4 25 | $1.6B | $1.5B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.5B | $1.6B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.3B | $1.7B |
| Q1 26 | $3.0B | $4.0B | ||
| Q4 25 | $2.9B | $4.0B | ||
| Q3 25 | $2.8B | $4.0B | ||
| Q2 25 | $2.8B | $4.0B | ||
| Q1 25 | $2.7B | $4.0B | ||
| Q4 24 | $2.7B | $4.1B | ||
| Q3 24 | $2.6B | $4.1B | ||
| Q2 24 | $2.5B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | 1.49× | ||
| Q3 25 | 0.79× | 1.43× | ||
| Q2 25 | 0.81× | 1.41× | ||
| Q1 25 | 0.84× | 1.40× | ||
| Q4 24 | 0.78× | 1.40× | ||
| Q3 24 | 0.84× | 1.36× | ||
| Q2 24 | 0.92× | 1.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FCPT
| Rental revenue | $69.8M | 89% |
| Restaurant revenue | $8.4M | 11% |
PDM
Segment breakdown not available.
