FCPT vs ADC

For growth investors, Agree Realty Corporation (ADC) is the stronger pick with 16.

4% revenue growth year-over-year, versus 9. 7% for Four Corners Property Trust, Inc. (FCPT). Four Corners Property Trust, Inc. (FCPT) offers the better valuation at 23. 3x trailing P/E (21. 8x forward), making it the more compelling value choice. Analysts rate Agree Realty Corporation (ADC) a "Buy" — based on 32 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Four Corners Property Trust, Inc.

(FCPT) is the cheapest at 23. 3x versus Agree Realty Corporation at 43. 2x. On forward P/E, Four Corners Property Trust, Inc. is actually cheaper at 21. 8x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Agree Realty Corporation wins at 113. 96x versus Four Corners Property Trust, Inc. 's 117. 93x.

Over the past 5 years, Agree Realty Corporation (ADC) delivered a total return of +30.

5%, compared to +16. 2% for Four Corners Property Trust, Inc. (FCPT). Over 10 years, the gap is even starker: ADC returned +137. 5% versus FCPT's +98. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Agree Realty Corporation (ADC) is the lower-risk stock at -0.

14β versus Four Corners Property Trust, Inc. 's 0. 14β — meaning FCPT is approximately -202% more volatile than ADC relative to the S&P 500. On balance sheet safety, Agree Realty Corporation (ADC) carries a lower debt/equity ratio of 53% versus 74% for Four Corners Property Trust, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Agree Realty Corporation (ADC) is pulling ahead at 16.

4% versus 9. 7% for Four Corners Property Trust, Inc. (FCPT). On earnings-per-share growth, the picture is similar: Four Corners Property Trust, Inc. grew EPS 1. 9% year-over-year, compared to -0. 6% for Agree Realty Corporation. Over a 3-year CAGR, ADC leads at 18. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Four Corners Property Trust, Inc.

(FCPT) is the more profitable company, earning 38. 2% net margin versus 28. 4% for Agree Realty Corporation — meaning it keeps 38. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FCPT leads at 55. 7% versus 47. 4% for ADC. At the gross margin level — before operating expenses — FCPT leads at 95. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Agree Realty Corporation (ADC) is the more undervalued stock at a PEG of 113. 96x versus Four Corners Property Trust, Inc. 's 117. 93x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Four Corners Property Trust, Inc. (FCPT) trades at 21. 8x forward P/E versus 39. 0x for Agree Realty Corporation — 17. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ADC: 9. 2% to $83. 50.

All stocks in this comparison pay dividends.

Four Corners Property Trust, Inc. (FCPT) offers the highest yield at 5. 5%, versus 4. 0% for Agree Realty Corporation (ADC).

For long-horizon retirement investors, Agree Realty Corporation (ADC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.

14), 4. 0% yield, +137. 5% 10Y return). Both have compounded well over 10 years (ADC: +137. 5%, FCPT: +98. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: FCPT is a small-cap income-oriented stock; ADC is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.