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STORE Capital Corporation (NYSE: STOR) reported strong Q3 2021 results with total revenues of $199.1 million, up 13.6% year-over-year, and net income of $75.9 million ($0.28 per share). The company announced a quarterly cash dividend of $0.385, marking a 6.9% increase. AFFO reached $140.3 million ($0.52 per share), and the firm raised its 2021 AFFO guidance to $1.98-$2.00, while introducing 2022 guidance of $2.15-$2.20. STORE Capital's total investments for the quarter were $411.7 million across 75 properties. The real estate portfolio grew to $10.3 billion, with occupancy at 99.4%.
STORE Capital Corporation (NYSE: STOR) announced a positive rating outlook from S&P Global Ratings, upgrading it from stable to positive while affirming a 'BBB' issuer credit rating. This change highlights STORE Capital's resilience and healthy performance during the pandemic, attributed to the strength and diversity of its portfolio, which includes over 2,700 properties across the U.S. The company emphasizes its robust financial policies and management expertise in maintaining a well-performing operational real estate portfolio.
STORE Capital Corporation (NYSE: STOR) will release its financial results for Q3 2021 on
Investors can participate via a live conference call or pre-register for a personalized entry. Further details can be accessed on their website.
STORE Capital Corporation (NYSE: STOR) has appointed Sherry L. Rexroad as its new Chief Financial Officer, effective November 8, 2021. Rexroad, who will replace Catherine Long, brings over 30 years of experience in REITs and finance, previously serving at BlackRock. STORE Capital aims to leverage her expertise in sustainability and ESG strategies while driving growth. CEO Mary Fedewa expressed confidence in Rexroad's ability to create value for stakeholders. The company continues to focus on expanding its portfolio of single-tenant operational real estate.
STORE Capital Corporation has declared a quarterly cash dividend of
STORE Capital Corporation (NYSE: STOR), a prominent net-lease real estate investment trust, has announced its participation in three virtual investor events this September. These include the Wells Fargo 10th Annual Virtual Net Lease REIT Forum on September 13, the BMO 2021 Real Estate Conference on September 14, and the Berenberg US REIT Seminar on September 23. STORE Capital aims to engage with investors through one-on-one and small group meetings during these conferences, fostering relationships within the investment community.
STORE Capital, a net-lease REIT, reported strong second quarter results for 2021, with total revenues of $192.0 million, a 14.1% increase from the previous year. Net income reached $62.4 million or $0.23 per share. The company declared a quarterly dividend of $0.36 per share and invested $340.9 million across 95 properties at a 7.8% cap rate. AFFO increased to $135.6 million, reflecting improved tenant financial health and a strong operational pipeline. The company raised its 2021 AFFO guidance to a range of $1.94 to $1.97 per share.
STORE Capital Corporation (NYSE: STOR) will announce its second-quarter financial results for the period ending June 30, 2021, on August 5, 2021, before market opening. An analyst conference call is scheduled for the same day at 12:00 p.m. ET, where results will be discussed. STORE Capital, a leader in net-lease real estate investment trusts focusing on Single Tenant Operational Real Estate, boasts a diverse portfolio of over 2,600 properties across the U.S., primarily profit centers. For more details, visit www.storecapital.com.
STORE Capital Corporation (NYSE: STOR) has declared a quarterly cash dividend of $0.36 per share for Q2 2021, to be paid on July 15, 2021, to shareholders on record as of June 30, 2021. STORE Capital is a leading net-lease REIT with a diversified portfolio of over 2,600 operational real estate properties across the United States. This dividend reflects the company's ongoing commitment to returning value to its shareholders.
STORE Capital Corporation (NYSE: STOR) has successfully amended and extended its revolving credit facility to $600 million, increasing the accordion feature to $1 billion for a total borrowing capacity of $1.6 billion. The facility matures in June 2025 and features a reduced interest rate of LIBOR plus 85 basis points. This strategic move strengthens STORE Capital's balance sheet and financial flexibility, enabling the company to pursue new acquisition opportunities effectively. The agreement involved key financial institutions, demonstrating strong banking relationships.
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