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STORE Capital Corporation (NYSE: STOR) will release its financial results for the second quarter ended June 30, 2022, after market close on August 3, 2022. A conference call is scheduled for August 4, 2022, at 12:00 p.m. ET, where executives will discuss the results and answer questions. STORE Capital specializes in single-tenant operational real estate and holds a diversified portfolio of over 2,950 properties across the U.S., positioning itself as a leading net-lease REIT.
STORE Capital Corporation (NYSE: STOR) has declared a quarterly cash dividend of $0.385 per share for the second quarter ending June 30, 2022. This dividend will be paid on July 15, 2022 to stockholders of record as of the close of business on June 30, 2022. The company is a leader in net-lease real estate investments, owning a well-diversified portfolio of over 2,950 properties across the United States. This financial commitment highlights STORE Capital's stable income generation for investors.
STORE Capital Corporation (NYSE: STOR) will participate in Nareit’s REITweek: 2022 Investor Conference in New York from June 7-9, 2022. The management team will deliver a presentation on June 8, 2022, from 10:15 a.m. to 10:45 a.m. Eastern Time and will hold meetings with investors and analysts throughout the conference. STORE Capital is a leading net-lease REIT focused on Single Tenant Operational Real Estate, managing over 2,950 properties across the United States.
STORE Capital Corporation (NYSE: STOR) is sponsoring a professional golf team on the LPGA Tour featuring notable players like Stacy Lewis and Lauren Stephenson. The partnership aims to promote women's golf and will debut at the U.S. Women’s Open from June 2-5, 2022. CEO Mary Fedewa expressed enthusiasm for supporting athletes and enhancing community impact through women's sports. The initiative aligns with STORE Capital's commitment to diversity and investment in promising talent within the LPGA Tour.
STORE Capital Corporation (NYSE: STOR) has released its annual Corporate Responsibility Report, highlighting its commitment to sustainability and social governance. Key achievements include increased adoption of carbon-reducing solutions, enhanced diversity and inclusion initiatives, and improved board independence. The company has expanded its disclosure in alignment with Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) standards. STORE Capital aims to lead in corporate responsibility within the net-lease industry, focusing on employee experience and collaboration with customers on sustainability goals.
STORE Capital reported a strong first quarter for 2022, with total revenues of $222.1 million, a 21.9% increase from the previous year. Net income rose to $87.0 million or $0.32 per share. Adjusted Funds From Operations (AFFO) increased 26% to $157.8 million, equating to $0.57 per share. The company raised its 2022 acquisition guidance to $1.3 billion to $1.5 billion and AFFO guidance to $2.20 to $2.23 per share. A quarterly dividend of $0.385 was declared, reflecting confidence in sustained growth from a diversified portfolio of 2,965 properties.
STORE Capital Corporation (NYSE: STOR) announced $600 million in unsecured long-term debt financing, comprising $400 million in five-year and $200 million in seven-year floating rate loans. These loans were converted to a fixed rate of 3.68% through interest rate swaps. Proceeds will pay down revolving credit and prepay $134.5 million in higher-rate notes, saving $1.8 million annually in interest expenses. CEO Mary Fedewa highlighted the favorable execution amid market uncertainties, boosting financial flexibility and liquidity for upcoming investment opportunities.
STORE Capital Corporation (NYSE: STOR) will announce its financial results for Q1 ending
Armada ETF Advisors has formed a high-profile Advisory Board with expertise in residential real estate and REITs to enhance the firm's investment strategies. Members include notable figures like Richard Adler, John W. Guinee III, and Christopher H. Volk. This board aims to provide insights that will impact the Home Appreciation U.S. REIT ETF (CBOE: HAUS) and optimize the firm’s residential REIT offerings, supporting its portfolio management team.
STORE Capital Corporation (NYSE: STOR) has announced a quarterly cash dividend of $0.385 per share for the first quarter ending March 31, 2022. This dividend will be payable on April 15, 2022, to stockholders of record by the close of business on March 31, 2022. As a leader in the net-lease real estate investment trust sector, STORE Capital emphasizes its focus on Single Tenant Operational Real Estate, boasting a diversified portfolio of over 2,850 properties across the United States.
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