Welcome to our dedicated page for STOR news (Ticker: STOR), a resource for investors and traders seeking the latest updates and insights on STOR stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect STOR's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of STOR's position in the market.
STORE Capital Corporation (NYSE: STOR), an internally managed net-lease REIT, has announced its participation in two upcoming investor conferences. The Citi 2022 Global Property CEO Conference will take place from March 7-9, 2022, in Hollywood, FL, where executives will meet with investors. Following this, the Morgan Stanley Triple Net REIT Day is scheduled for April 5, 2022, in New York, NY. STORE Capital is recognized for its extensive portfolio of over 2,850 properties across the U.S., focusing on single-tenant operational real estate.
STORE Capital Corporation (NYSE: STOR) has made available the Annual Letter to Stockholders from President and CEO Mary Fedewa on its investor relations website. The letter provides insights into the company's performance and strategic direction. STORE Capital is recognized as a leader in the acquisition and management of Single Tenant Operational Real Estate and maintains a diversified portfolio with over 2,850 U.S. properties.
STORE Capital Corporation (NYSE: STOR) reported strong operating results for Q4 2021, with total revenues reaching $209.2 million, a 21% increase year-over-year. Net income was $75.0 million, approximately $0.28 per share. Adjusted Funds From Operations (AFFO) stood at $152.9 million or $0.56 per share, marking a significant improvement. The company declared a quarterly cash dividend of $0.385 and raised its 2022 AFFO per share guidance to $2.18 to $2.22. Total revenues for the year saw a growth of 12.7% to $782.7 million.
STORE Capital Corporation (NYSE: STOR) announced the addition of David Edwards, Ph.D., and Jawad Ahsan as new members of its Board of Directors, effective February 17, 2022. This expands the board to nine directors, with eight being independent. David brings expertise in data-driven optimization and risk management, while Jawad's strong finance background enhances the board's capabilities. The company also noted the retirement of board member Einar Seadler, who has served for six years. The addition of these members aims to bolster STORE's governance and strategic direction.
STORE Capital Corporation (NYSE: STOR) has announced the promotions of Alex McElyea to Executive Vice President of Data, Analytics and Business Strategy, and Lori Markson to Executive Vice President of Portfolio Operations. President and CEO Mary Fedewa emphasized the importance of enhancing the leadership team to drive future growth. McElyea, who joined in 2021, has significantly improved STORE's data analytics capabilities, while Markson has led the Portfolio Operations team for six years, bringing extensive experience in commercial lending and real estate.
STORE Capital Corporation (NYSE: STOR) will release its financial results for Q4 and FY 2021 on February 23, 2022, post-market. A conference call is scheduled for February 24, 2022, at 12:00 PM ET to discuss the results. STORE Capital specializes in single-tenant operational real estate and has over 2,750 properties in its diversified portfolio across the United States. Investors can participate via live call or webcast, with details for pre-registration provided.
Orion Group Holdings, Inc. announces the appointment of Quentin P. Smith, Jr. to its Board of Directors, effective January 21, 2022. Mr. Smith brings extensive experience in strategic planning and governance. This change follows the retirement of Richard L. Daerr, Jr., who has served on the Board since 2007. Daerr's retirement is effective May 20, 2022. The Board will expand temporarily to eight Directors, with Mr. Smith expected to stand for re-election at the 2022 annual stockholder meeting. These changes aim to enhance the Company's strategic direction in the specialty construction sector.
STORE Capital Corporation (NYSE: STOR) announced a quarterly cash dividend of $0.385 per share for Q4 2021, payable on January 18, 2022. Stockholders of record as of December 31, 2021 will receive this dividend. STORE Capital is a leading net-lease REIT focused on single-tenant operational real estate, owning over 2,750 properties across the United States. The company is recognized for its substantial portfolio and growth in the net-lease sector.
BrightSpire Capital (NYSE: BRSP) appointed Catherine Long as an independent director to its Board, effective December 1, 2021. Long brings over 30 years of experience in the real estate investment trust (REIT) sector, previously serving as CFO at STORE Capital (NYSE: STOR). Her expertise in accounting and finance aims to enhance the board's strategic direction. Following this addition, the Board now consists of 7 members, 6 of whom are independent, highlighting a commitment to diversified governance.
STORE Capital Corporation (NYSE: STOR) has announced a public offering of $375 million in 2.70% senior notes maturing December 1, 2031. The notes are priced at 99.877% of the principal and will pay interest semi-annually starting June 1, 2022. Proceeds will be used to repay debt, fund property acquisitions, and for general corporate purposes. The offering is set to close on November 17, 2021. Goldman Sachs, Wells Fargo Securities, Citigroup, and J.P. Morgan are managing the offering.
FAQ
What is the market cap of STOR (STOR)?
