STORE Capital Announces October Rent Collections of 90%
STORE Capital Corporation (NYSE: STOR) announced that as of October 20, 2020, it has collected 90% of its contractual base rent and interest for October. CEO Christopher Volk expressed optimism about the ongoing improvements in rent collections, with nearly all locations operational. Rent deferrals are mainly confined to movie theaters and early childhood education sectors.
STORE Capital is a prominent net-lease REIT that specializes in investing in Single Tenant Operational Real Estate, owning over 2,500 properties across the U.S.
- 90% of contractual base rent and interest collected for October.
- High collection rate indicates strong operational stability.
- Nearly 100% of locations are open for business.
- Rent deferrals primarily affecting movie theaters and early childhood education sectors.
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--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 October rent collections.
As of October 20, 2020, STORE Capital had received rent payments representing
“We are very encouraged to see the continued increase in our rent collections, providing among the highest net lease sector investment yields,” said Christopher Volk, Chief Executive Officer of STORE Capital. “Nearly
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.
