STOR - STOR STOCK NEWS

STORE Capital Corporation (NYSE: STOR) has released its second annual Corporate Responsibility Report, emphasizing its commitment to sustainability and social responsibility. The report outlines the company's achievements in maintaining strong ESG practices and mentions how these efforts contributed to its success during the pandemic. STORE Capital operates as a net-lease REIT, focusing on Single Tenant Operational Real Estate, with investments in over 2,600 properties across the U.S. The full report is available on the company's website.

STORE Capital Corporation (NYSE: STOR) has priced $515 million of long-term fixed-rate notes under its Master Funding debt program. The issuance includes four classes of notes, with $337 million rated AAA by S&P. Notably, the transaction will refinance over $170 million in existing notes, reducing STORE's average interest rate from 4.98% to 2.80%, saving approximately $3.8 million annually. The transaction is expected to close on June 29, 2021, enhancing the weighted average life of STORE's term borrowings from 6.4 to 6.9 years. STORE continues to demonstrate resilience amid market challenges.

STORE Capital Corporation (NYSE: STOR) reported a solid first quarter for 2021, with total revenues of $182.3 million, a 2.5% increase year-over-year. Net income stood at $55.0 million, or $0.21 per share, affected by long-term stock-based compensation. AFFO rose 4.3% to $125.2 million, reflecting portfolio growth. The Company declared a dividend of $0.36 per share and invested $270.8 million in 66 properties. Occupancy remains high at 99.6%. The Company has positioned itself for continued growth amidst improving business conditions.

STORE Capital Corporation (NYSE: STOR) announced a leadership transition, appointing President Mary Fedewa as CEO, succeeding Christopher Volk, who becomes Executive Chair. This change, effective April 15, 2021, is part of the company’s succession planning and reflects Fedewa's significant contributions since co-founding STORE in 2011. Under her leadership, the company’s portfolio has grown to nearly $10 billion in assets. Catherine D. Rice has been appointed as Lead Independent Director, reinforcing the firm’s commitment to corporate governance.

STORE Capital Corporation (NYSE: STOR) will announce its financial results for the first quarter ending March 31, 2021, before market opens on May 6, 2021. A conference call for analysts and investors will follow at 12:00 p.m. ET. Pre-registration is available to expedite entry into the call. STORE Capital is a leading net-lease REIT, focusing on single-tenant operational real estate, with over 2,600 properties nationwide. It emphasizes strategic acquisitions and management of profit centers, maintaining its position as one of the largest and fastest-growing net-lease REITs.

STORE Capital Corporation (NYSE: STOR), a leading net-lease REIT, announced its participation in the Morgan Stanley Triple Net REIT Day on April 8, 2021. The conference will be virtual, allowing management to meet with investors throughout the event. STORE Capital focuses on Single Tenant Operational Real Estate and boasts a robust portfolio of over 2,600 properties across the U.S., predominantly profit centers. This growth positions STORE Capital as one of the largest and fastest-growing net-lease REITs in the market.

STORE Capital Corporation (NYSE: STOR) has declared a quarterly cash dividend of $0.36 per share for Q1, ending March 31, 2021. This dividend will be distributed on April 15, 2021, to stockholders on record by March 31, 2021. STORE Capital, a leading net-lease REIT, specializes in Single Tenant Operational Real Estate, boasting a diversified portfolio with over 2,600 properties across the United States. This announcement highlights STORE Capital's ongoing commitment to returning value to shareholders.

STORE Capital Corporation (NYSE: STOR) released its 2020 annual letter to stockholders, authored by CEO Christopher H. Volk. The letter outlines the company's business model and the four essential 'Table Stakes' for investing in single-tenant operational real estate: 1) unit-level profit and loss statements, 2) master leases, 3) investing at or below replacement cost, and 4) yields exceeding the auction marketplace. Despite the challenges posed by the pandemic, the company remains optimistic about future growth and operational enhancements that can benefit both the business and its customers.

STORE Capital Corporation (NYSE: STOR) announced the upcoming retirement of Chief Financial Officer, Catherine Long, in Fall 2021. A co-founder since 2011, Long will remain in her position until a successor is onboarded. Her departure marks a significant transition for the company, which has experienced substantial growth under her financial leadership. CEO Christopher Volk praised her contributions and leadership, emphasizing the strong accounting team and balance sheet she leaves behind. STORE Capital continues to be a leader in single-tenant operational real estate investment.