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STORE Capital Corporation (NYSE: STOR) has finalized its acquisition by GIC and Oak Street, with GIC acquiring all outstanding shares of STORE Capital for $32.25 per share in an all-cash deal valued at approximately $15 billion, including debt. This transaction enhances STORE's access to long-term capital, essential for its operational financing solutions. The deal, which was first announced on September 15, 2022, is noted as one of the largest M&A transactions in the U.S. real estate market, emphasizing the strategic importance of operational expertise and market presence for future growth.
STORE Capital Corporation (NYSE: STOR) announced stockholder approval for its acquisition by GIC affiliates and Oak Street. The stockholders will receive $32.25 per share in cash, with the deal expected to close in Q1 2023, pending customary conditions. Following the transaction, STORE Capital's common stock will cease to be publicly traded. This acquisition underscores the company's strategic shift and commitment to its investment in single-tenant operational real estate, positioning it for potential growth.
STORE Capital (NYSE: STOR) reported third-quarter 2022 results with total revenues of $230.6 million, a 15.8% increase from the prior year. Net income was $68.6 million or $0.24 per share. Adjusted Funds from Operations (AFFO) rose to $168.0 million ($0.59 per share). The company declared a quarterly dividend of $0.41 per share. Investments totaled $284.8 million across 50 properties with a cap rate of 7.6%. A merger agreement with GIC and Oak Street Real Estate will convert shares to $32.25 cash, pending shareholder approval.
STORE Capital Corporation (NYSE: STOR) announced the expiration of the 'go-shop' period related to its merger agreement with GIC and Oak Street, where all outstanding shares will be acquired for
STORE Capital Corporation declared a quarterly cash dividend of
STORE Capital Corporation has announced a definitive agreement with GIC and Oak Street for an all-cash acquisition valued at approximately
STORE Capital Corporation (NYSE: STOR) announced strong operating results for Q2 2022, with total revenues of $223.8 million, a 16.5% increase year-over-year. Net income reached $90.5 million, or $0.32 per share, aided by a net gain of $13.7 million from real estate dispositions. AFFO also grew to $163.8 million, or $0.58 per share. The company raised its 2022 AFFO per share guidance to $2.25-$2.27 and declared a quarterly cash dividend of $0.385 per share. STORE Capital invested $391.9 million in 62 properties at a 7.2% cap rate, solidifying its robust portfolio expansion.
STORE Capital Corporation (NYSE: STOR) has released its annual Corporate Responsibility Report, highlighting its commitment to sustainability and social governance. Key achievements include increased adoption of carbon-reducing solutions, enhanced diversity and inclusion initiatives, and improved board independence. The company has expanded its disclosure in alignment with Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) standards. STORE Capital aims to lead in corporate responsibility within the net-lease industry, focusing on employee experience and collaboration with customers on sustainability goals.
STORE Capital reported a strong first quarter for 2022, with total revenues of $222.1 million, a 21.9% increase from the previous year. Net income rose to $87.0 million or $0.32 per share. Adjusted Funds From Operations (AFFO) increased 26% to $157.8 million, equating to $0.57 per share. The company raised its 2022 acquisition guidance to $1.3 billion to $1.5 billion and AFFO guidance to $2.20 to $2.23 per share. A quarterly dividend of $0.385 was declared, reflecting confidence in sustained growth from a diversified portfolio of 2,965 properties.
STORE Capital Corporation (NYSE: STOR) reported strong operating results for Q4 2021, with total revenues reaching $209.2 million, a 21% increase year-over-year. Net income was $75.0 million, approximately $0.28 per share. Adjusted Funds From Operations (AFFO) stood at $152.9 million or $0.56 per share, marking a significant improvement. The company declared a quarterly cash dividend of $0.385 and raised its 2022 AFFO per share guidance to $2.18 to $2.22. Total revenues for the year saw a growth of 12.7% to $782.7 million.
