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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and Veris Residential, Inc. (VRE). Click either name above to swap in a different company.

Four Corners Property Trust, Inc. is the larger business by last-quarter revenue ($75.7M vs $70.1M, roughly 1.1× Veris Residential, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.9% vs -20.0%, a 58.9% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (10.7% vs 3.5%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (6.7% CAGR vs 1.9%).

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.

Veris Residential, Inc. is an American real estate investment trust headquartered in Jersey City, New Jersey, investing primarily in apartments in New Jersey and Boston.

FCPT vs VRE — Head-to-Head

Bigger by revenue
FCPT
FCPT
1.1× larger
FCPT
$75.7M
$70.1M
VRE
Growing faster (revenue YoY)
FCPT
FCPT
+7.3% gap
FCPT
10.7%
3.5%
VRE
Higher net margin
FCPT
FCPT
58.9% more per $
FCPT
38.9%
-20.0%
VRE
Faster 2-yr revenue CAGR
FCPT
FCPT
Annualised
FCPT
6.7%
1.9%
VRE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FCPT
FCPT
VRE
VRE
Revenue
$75.7M
$70.1M
Net Profit
$29.4M
$-14.0M
Gross Margin
95.9%
Operating Margin
-22.2%
Net Margin
38.9%
-20.0%
Revenue YoY
10.7%
3.5%
Net Profit YoY
12.5%
-30.9%
EPS (diluted)
$0.27
$-0.15

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.

Revenue
FCPT
FCPT
VRE
VRE
Q1 26
$70.1M
Q4 25
$75.7M
$71.3M
Q3 25
$74.1M
$73.4M
Q2 25
$72.8M
$75.9M
Q1 25
$71.5M
$67.8M
Q4 24
$68.3M
$68.1M
Q3 24
$66.8M
$68.2M
Q2 24
$66.5M
$67.5M
Net Profit
FCPT
FCPT
VRE
VRE
Q1 26
$-14.0M
Q4 25
$29.4M
$-203.0K
Q3 25
$28.8M
$75.2M
Q2 25
$27.9M
$10.9M
Q1 25
$26.2M
$-10.7M
Q4 24
$26.2M
$-12.4M
Q3 24
$25.6M
$-9.7M
Q2 24
$24.7M
$2.9M
Gross Margin
FCPT
FCPT
VRE
VRE
Q1 26
95.9%
Q4 25
97.2%
Q3 25
96.8%
Q2 25
97.2%
Q1 25
95.9%
Q4 24
97.1%
Q3 24
96.9%
Q2 24
97.3%
Operating Margin
FCPT
FCPT
VRE
VRE
Q1 26
-22.2%
Q4 25
-0.9%
Q3 25
Q2 25
15.8%
Q1 25
-20.4%
Q4 24
-21.9%
Q3 24
-16.2%
Q2 24
2.2%
Net Margin
FCPT
FCPT
VRE
VRE
Q1 26
-20.0%
Q4 25
38.9%
-0.3%
Q3 25
38.9%
102.4%
Q2 25
38.3%
14.4%
Q1 25
36.6%
-15.8%
Q4 24
38.3%
-18.3%
Q3 24
38.3%
-14.2%
Q2 24
37.1%
4.3%
EPS (diluted)
FCPT
FCPT
VRE
VRE
Q1 26
$-0.15
Q4 25
$0.27
$0.00
Q3 25
$0.28
$0.80
Q2 25
$0.28
$0.12
Q1 25
$0.26
$-0.12
Q4 24
$0.27
$-0.14
Q3 24
$0.27
$-0.10
Q2 24
$0.27
$0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FCPT
FCPT
VRE
VRE
Cash + ST InvestmentsLiquidity on hand
$12.1M
$9.4M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$1.1B
Total Assets
$2.9B
$2.7B
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCPT
FCPT
VRE
VRE
Q1 26
$9.4M
Q4 25
$12.1M
$14.1M
Q3 25
$6.7M
$8.8M
Q2 25
$6.0M
$11.4M
Q1 25
$22.3M
$7.6M
Q4 24
$4.1M
$7.3M
Q3 24
$44.5M
$12.8M
Q2 24
$17.2M
$18.4M
Total Debt
FCPT
FCPT
VRE
VRE
Q1 26
Q4 25
$1.2B
$1.4B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.1B
$1.7B
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
FCPT
FCPT
VRE
VRE
Q1 26
$1.1B
Q4 25
$1.6B
$1.2B
Q3 25
$1.5B
$1.2B
Q2 25
$1.5B
$1.1B
Q1 25
$1.4B
$1.1B
Q4 24
$1.5B
$1.1B
Q3 24
$1.4B
$1.1B
Q2 24
$1.3B
$1.1B
Total Assets
FCPT
FCPT
VRE
VRE
Q1 26
$2.7B
Q4 25
$2.9B
$2.7B
Q3 25
$2.8B
$2.8B
Q2 25
$2.8B
$3.1B
Q1 25
$2.7B
$3.0B
Q4 24
$2.7B
$3.0B
Q3 24
$2.6B
$3.0B
Q2 24
$2.5B
$3.0B
Debt / Equity
FCPT
FCPT
VRE
VRE
Q1 26
Q4 25
0.74×
1.18×
Q3 25
0.79×
Q2 25
0.81×
Q1 25
0.84×
Q4 24
0.78×
1.52×
Q3 24
0.84×
Q2 24
0.92×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FCPT
FCPT
VRE
VRE
Operating Cash FlowLast quarter
$192.3M
$14.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
6.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCPT
FCPT
VRE
VRE
Q1 26
$14.0M
Q4 25
$192.3M
$76.0M
Q3 25
$48.9M
$13.5M
Q2 25
$43.8M
$23.8M
Q1 25
$51.6M
$13.2M
Q4 24
$144.1M
$52.3M
Q3 24
$43.4M
$13.9M
Q2 24
$39.7M
$10.8M
Cash Conversion
FCPT
FCPT
VRE
VRE
Q1 26
Q4 25
6.53×
Q3 25
1.70×
0.18×
Q2 25
1.57×
2.18×
Q1 25
1.97×
Q4 24
5.51×
Q3 24
1.70×
Q2 24
1.61×
3.71×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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