STORE Capital Announces January Rent Collections of 91%

Rhea-AI Summary

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.

Positive

• 91% of January rent collected as of January 20, 2021.
• Positive momentum in rent collections observed at the start of 2021.
• All properties operational, indicating stable income.

Negative

• None.

STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced January rent collections.

As of January 20, 2021, STORE Capital had received rent payments representing 91% of contractual base rent and interest for the month of January.

“We are encouraged to see the positive momentum in rent collections continue at the start of 2021,” said Christopher Volk, STORE Capital’s Chief Executive Officer. “With virtually all our properties continuing to be operational, we and our tenants believe that vaccination activity will contribute to further business climate improvements in the months ahead.”

About STORE Capital

STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in more than 2,500 property locations across the United States, substantially all of which are profit centers. Additional information about STORE Capital can be found on its website at www.storecapital.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210121005249/en/

FAQ

What percentage of January rent has STORE Capital collected?

STORE Capital has collected 91% of its contractual base rent and interest for January as of January 20, 2021.

What is the outlook for STORE Capital's rent collections?

CEO Christopher Volk expressed optimism about continued positive momentum in rent collections, bolstered by vaccination activities.

How many properties does STORE Capital own?

STORE Capital owns a diversified portfolio of over 2,500 property locations across the United States.