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STORE Capital Corporation (NYSE: STOR) reported Q4 and full-year 2020 results with total revenues of $172.9 million for Q4, slightly down from Q4 2019. Annual revenues rose to $694.3 million, up 4.3% year-over-year. Net income for Q4 was $54.7 million ($0.21/share), down from $59.8 million in 2019. The company declared a cash dividend of $0.36/share and invested $435.6 million in 84 properties at a cap rate of 8.1%. COVID-19 affected tenant operations, but rent collection has risen to 93% by February 2021. Guidance for 2021 includes $1.0B-$1.2B in acquisitions and AFFO per share of $1.90-$1.96.
STORE Capital Corporation (NYSE: STOR), a leading net-lease REIT, announced participation in two virtual investor events. The first is the Raymond James 42nd Annual Institutional Investors Conference on March 3, 2021, featuring one-on-one meetings and a fireside chat at 10:50 a.m. ET. The second is the Citi 2021 Global Property CEO Conference from March 8-10, 2021, which includes a roundtable discussion on March 9 at 10:30 a.m. ET and additional one-on-one meetings. Current investor presentations are accessible at ir.storecapital.com/Presentations.
STORE Capital Corporation (NYSE: STOR) will announce its fourth quarter and full year financial results for the period ending December 31, 2020, after market hours on February 25, 2021. The company will host a conference call and audio webcast at 4:30 p.m. ET the same day to discuss the results and engage with investors. STORE Capital is a leading net-lease REIT specializing in Single Tenant Operational Real Estate, boasting a diverse portfolio of over 2,500 properties across the U.S. For more details, visit storecapital.com.
STORE Capital Corporation (NYSE: STOR) reported strong January rent collections, receiving payments representing 91% of contractual base rent and interest as of January 20, 2021. CEO Christopher Volk expressed optimism about continued momentum in rent collections, attributing potential improvements in the business climate to increased vaccination efforts. STORE Capital focuses on Single Tenant Operational Real Estate and boasts a diverse portfolio of over 2,500 properties across the U.S., reinforcing its position as a leading net-lease REIT.
STORE Capital Corporation (NYSE: STOR) announced a strong performance in 2020, investing over $800 million in profit center real estate, surpassing its guidance of $625 million to $750 million. CEO Christopher H. Volk highlighted robust demand for long-term net lease financing from both existing and new tenants, contributing to a healthy investment pipeline. The company's successful fourth quarter acquisition activity, particularly in December, sets a positive tone for 2021. STORE Capital maintains a diversified portfolio across 2,500+ locations in the U.S.
STORE Capital Corporation (NYSE: STOR), a leading net-lease real estate investment trust (REIT), announced its participation in the virtual Capital One Securities Inaugural REIT Conference on January 11-12, 2021. The management team will engage with investors during the event. STORE Capital specializes in the acquisition, investment, and management of Single Tenant Operational Real Estate, boasting a diversified portfolio of over 2,500 properties across the U.S. As one of the largest and fastest-growing net-lease REITs, it continues to establish itself as a significant player in the sector.
STORE Capital Corporation (NYSE: STOR) reported December rent collections, achieving 90% of contractual base rent and interest as of December 21, 2020. Despite challenges from renewed restrictions, nearly all properties remained operational. CEO Christopher Volk expressed optimism about the business climate in 2021, highlighting the resilience of tenants and a diverse portfolio. The company focuses on Single Tenant Operational Real Estate, owning over 2,500 property locations across the U.S.
STORE Capital Corporation (NYSE: STOR) has announced a quarterly cash dividend of $0.36 per share for Q4 2020, payable on January 15, 2021. Stockholders on record as of December 31, 2020 will receive this dividend. STORE Capital is a leading net-lease REIT focused on the acquisition, investment, and management of Single Tenant Operational Real Estate, boasting over 2,500 property locations across the U.S., primarily profit centers. This announcement reflects the company’s ongoing commitment to returning value to shareholders.
STORE Capital Corporation (NYSE: STOR) reported receiving rent payments representing 90% of its contractual base rent and interest for November 2020, consistent with October collections. CEO Christopher Volk highlighted that virtually all locations remain operational and noted no new tenant requests for lease deferrals. Remaining deferrals are primarily from highly impacted sectors, including movie theaters and early childhood education. STORE Capital is a leading net-lease REIT managing over 2,500 properties nationwide, focusing on single-tenant operational real estate.
STORE Capital Corporation (NYSE: STOR) has announced a public offering of $350 million senior notes with a 2.750% interest rate, maturing on November 18, 2030. The notes were priced at 99.558% of their principal amount, with interest payments starting on May 18, 2021. Proceeds from this offering will be used to repay existing debt, fund property acquisitions, and for general corporate purposes. The offering is set to close on November 18, 2020, pending customary conditions.
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