Store Capital Corp | REIT Profile

Symbol: STOR
CIK: 1538990
Exchange: NYSE
Founded: 2011 (11 years)
HQ: Scottsdale, AZ, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Retail, Industrial

See STOR on Google Finance
See STOR on Yahoo Finance
See STOR on SEC.gov

Website Logo  Facebook Logo  Twitter Logo  Linkedin Logo  YouTube Logo  RSS Logo 

About Store Capital Corp

STORE Capital is the leader in middle market net lease solutions. STORE's mission is to address the long-term capital needs of real estate intensive operating businesses throughout the United States. Through tailored real estate lease and mortgage financing solutions, STORE's aim is to create wealth for its customers by improving the capital efficiency of their businesses. A STORE is a Single Tenant Operational Real Estate asset. It is the engine for the profits of the many businesses that require real estate assets to generate their sales. Such real estate assets are deployed every day by retail, service, distribution and manufacturing companies throughout America. STORE assets are the longest-lived assets employed by businesses and require long-term efficient capital. This is the capital we provide.


Store Capital Corp Company Logo

Stock Chart

See in Advanced Graph View

REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$31.88 $31.88 $31.82 $31.84 $31.88 $31.86 954,769 $0.02 0.06% $9,012,023,208 27.48 $33.62 $23.82 -3.55%

Last update: 2022-11-25 10:00:01 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 8.4

Hightlights of Trading Day November 25, 2022


Open Price: $31.84
Closing Price: $31.88
Price Change: 0.02 (0.063%)
Lowest Price: $31.82
Highest Price: $31.88
52-Week Low: $23.82
52-Week High: $33.62
52-Week Change: -2.13%
5 Day Price Change: 0.54%
1 Month Price Change: 0.60%
3 Month Price Change: 16.94%
6 Month Price Change: 23.31%
YTD Price Change: -3.61%
1 Year Price Change: -2.13%
2 Year Price Change: 5.80%
5 Year Price Change: 54.87%

Dividend of Trading Day November 25, 2022


Dividend Yield: 5.144%*
Annualized Dividend: $1.64*
Dividend Yield (TTM): 4.817%
Annualized Dividend (TTM): $1.5346
Ex-Dividend Date: 2022-09-29
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


See more news headlines for Store Capital Corp

Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for STOR.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q3 AFFO $--- $--- ---%
2022 Q3 FFO $--- $--- ---%
2022 Q2 AFFO $--- $--- ---%
2022 Q2 FFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day November 25, 2022


Total Cash: $46,979,000
Current Debt: $275,677,000
Revenue: $885,676,000
Gross Profit: $885,676,000
Total Revenue: $885,676,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $799,486,000
Revenue Per Share: $3
Revenue Per Employee: N/A
Employee: 106
Debt to Equity Ratio (D/E): 1.97
Profit Margin: 0.36%
Enterprise Value (EV): $13,748,155,475
Enterprise Value to Revenue (EV/R): 15.52
Price to Sales (P/S): 10.10
Price to Book (P/B): 1.67
Price/Earnings-to-Growth (PEG) Ratio: 1.11
P/E Ratio: 27.48
P/E High: 39.84
P/E Low: 14.63
Forward P/E Ratio: N/A
Market Capitalization: $9,012,023,208
Beta: 0.60
Latest Volume: 954,769
Avg. Total Volume: 3,166,154
Avg. 10-Day Volume: 2,334,859
Avg. 30-Day Volume: 3,166,154
TTM EPS: 1.16
Shares Outstanding: 282,685,797
Float: N/A
50-Day Moving Avg.: $31.61
200-Day Moving Avg.: $28.47

Latest REIT Community Comments on #STOR


See more community comments related to STOR

Properties Owned by STOR


STOR Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website


Properties Based on Earnings Report's 10-K

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $40.25 per share you would have been able to buy 24 shares of STOR on 2021-11-26 costing $966.00 @ $40.25 per share you would have been able to buy 12 shares of STOR on 2021-11-26 costing $483.00 @ $40.25 per share you would have been able to buy 6 shares of STOR on 2021-11-26 costing $241.50 @ $40.25 per share you would have been able to buy 2 shares of STOR on 2021-11-26 costing $80.50 @ $40.25 per share you would have been able to buy 1 shares of STOR on 2021-11-26 costing $40.25
Current worth On 2022-11-25 these 24 shares would be worth $765.12 @ $31.88 On 2022-11-25 these 12 shares would be worth $382.56 @ $31.88 On 2022-11-25 these 6 shares would be worth $191.28 @ $31.88 On 2022-11-25 these 2 shares would be worth $63.76 @ $31.88 On 2022-11-25 these 1 shares would be worth $31.88 @ $31.88
Dividends earned $37.56 in dividends would have been earned since 2021-11-26 with 24 shares. $19 in dividends would have been earned since 2021-11-26 with 12 shares. $9.39 in dividends would have been earned since 2021-11-26 with 6 shares. $3.13 in dividends would have been earned since 2021-11-26 with 2 shares. $1.57 in dividends would have been earned since 2021-11-26 with 12 shares.
Net (gain / loss)* -163.32 USD -81.66 USD -40.83 USD -13.61 USD -6.81 USD
ROI** -16.91% -16.91% -16.91% -16.91% -16.91%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by STOR. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
STOR 2022-09-29 0.410 6.49% 2022-09-19 2022-09-30 2022-10-17
STOR 2022-06-29 0.385 --- 2022-06-15 2022-06-30 2022-07-15
STOR 2022-03-30 0.385 --- 2022-03-15 2022-03-31 2022-04-15
STOR 2021-12-30 0.385 --- 2021-12-15 2021-12-31 2022-01-18
STOR 2021-09-29 0.385 6.94% 2021-09-13 2021-09-30 2021-10-15
STOR 2021-06-29 0.360 --- 2021-06-15 2021-06-30 2021-07-15
STOR 2021-03-30 0.360 --- 2021-03-15 2021-03-31 2021-04-15
STOR 2020-12-30 0.360 --- 2020-12-15 2020-12-31 2021-01-15
STOR 2020-09-29 0.360 2.86% 2020-09-15 2020-09-30 2020-10-15
STOR 2020-06-29 0.350 --- 2020-06-15 2020-06-30 2020-07-15
STOR 2020-03-30 0.350 --- 2020-03-16 2020-03-31 2020-04-15
STOR 2019-12-30 0.350 --- 2019-12-16 2019-12-31 2020-01-15
STOR 2019-09-27 0.350 6.06% 2019-09-10 2019-09-30 2019-10-15
STOR 2019-06-27 0.330 --- 2019-06-17 2019-06-28 2019-07-15
STOR 2019-03-28 0.330 --- 2019-03-15 2019-03-29 2019-04-15
STOR 2018-12-28 0.330 --- 2018-12-17 2018-12-31 2019-01-15
STOR 2018-09-27 0.330 6.45% 2018-09-11 2018-09-28 2018-10-15
STOR 2018-06-28 0.310 --- 2018-06-15 2018-06-29 2018-07-16
STOR 2018-03-29 0.310 --- 2018-03-15 2018-03-30 2018-04-16
STOR 2017-12-28 0.310 --- 2017-12-15 2017-12-29 2018-01-16

Earnings Press Releases


Below are the Earnings Press Releases for STOR. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2021 Q4 STORE Capital Announces Fourth Quarter and Full Year 2021 Operating Results
2021 Q3 STORE Capital Announces Third Quarter 2021 Operating Results
2021 Q2 STORE Capital Announces Second Quarter 2021 Operating Results
2021 Q1 STORE Capital Announces First Quarter 2021 Operating Results

Financial Statements Overview


The next Earnings Report for STOR is 2023-02-22

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Current Cash 30,855,000 39,340,000 64,269,000 37,018,000
Receivables 710,186,000 736,410,000 697,269,000 649,414,000
Inventory 0 0 0 0
Current Assets 764,220,000 808,984,000 761,538,000 712,985,000
Current Assets (Other) 0 0 0 0
Short Term Investments 23,179,000 33,234,000 0 26,553,000
Long-term Investments 9,562,272,000 9,322,164,000 9,011,544,000 8,712,013,000
Property, Plant & Equipment Net 9,351,923,000 9,111,668,000 8,777,028,000 8,491,961,000
Goodwill 0 0 0 0
Intangible Assets 62,132,000 59,216,000 54,971,000 54,971,000
Other Assets 115,616,000 118,320,000 121,073,000 131,428,000
Net Tangible Assets 5,299,190,000 5,227,775,000 5,089,158,000 5,057,421,000
Total Assets 10,326,492,000 10,131,148,000 9,773,082,000 9,424,998,000
Accounts Payable 0 0 0 0
Liabilities (Other) 0 0 0 0
Current Liabilities (Other) 249,268,000 253,553,000 252,795,000 236,732,000
Total Current Liabilities 249,268,000 253,553,000 252,795,000 236,732,000
Current Long-term Debt 0 0 0 0
Long-term Debt 4,678,867,000 4,553,274,000 4,338,521,000 4,037,375,000
Total Liabilities 4,965,170,000 4,844,157,000 4,628,953,000 4,312,606,000
Minority Interest 0 0 0 0
Common Stock 280,839,392 275,003,273 272,487,570 271,273,253
Retained Earnings -642,945,000 -624,558,000 -602,137,000 -570,560,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 5,361,322,000 5,286,991,000 5,144,129,000 5,112,392,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Total Revenue 223,772,000 222,116,000 209,232,000 199,125,000
Cost of Revenue 0 0 0 0
Gross Profit 223,772,000 222,116,000 209,232,000 199,125,000
Research and Development 0 0 0 0
Selling General and Admin 15,938,000 17,016,000 25,546,000 17,456,000
Operating Expense 95,444,000 96,053,000 125,563,000 86,974,000
Operating Income 128,328,000 126,063,000 83,669,000 112,151,000
Income Expense Net (Other) 0 0 0 0
EBIT 128,328,000 126,063,000 87,618,000 112,151,000
Interest Income 45,908,000 43,999,000 44,070,000 43,367,000
Pretax Income 90,776,000 87,228,000 75,282,000 76,105,000
Income Tax 271,000 206,000 261,000 169,000
Minority Interest 0 0 0 0
Net Income 90,358,000 86,920,000 75,025,000 75,713,000
Net Income Basic 90,358,000 86,920,000 75,025,000 75,713,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Net Income 90,358,000 86,920,000 75,025,000 75,713,000
Depreciation 76,017,000 72,639,000 70,088,000 67,123,000
Changes in Receivables 710,186,000 736,410,000 697,269,000 649,414,000
Changes in Inventories 0 0 0 0
Cash Change 30,855,000 39,340,000 64,269,000 37,018,000
Cash Flow 166,978,000 160,887,000 168,595,000 149,486,000
Capital Expenditures -367,150,000 -467,495,000 -426,449,000 -383,297,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -274,258,000 -456,017,000 -390,422,000 -303,491,000
Dividends Paid 0 0 0 0
Net Borrowings 4,624,833,000 4,480,700,000 4,274,252,000 3,973,804,000
Cash Flow Financing 98,280,000 266,485,000 249,033,000 -61,397,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

Related Information


Material Source Description
Buffett's Berkshire Hathaway just became one of the largest shareholders in an obscure real estate firm CNBC News Store Capital says Berkshire Hathaway invested $377 million in the company, which represents a 9.8 percent stake in the real estate investment trust. Berkshire's investment makes the company the third largest holder in Store Capital, after Vanguard Group and Fidelity Management & Research, according to FactSet
Buffett’s Bet on Store Capital Shows Not All Retail Real Estate Is Equal Bloomberg News Berkshire Hathaway takes 9.8% stake in single-tenant REIT. Landlord has ‘experiential retail’ such as gyms, theaters
Berkshire Hathaway Now Has a 10% Stake in This Real Estate Company Fortune.com Berkshire Hathaway has taken a nearly 10% stake in Store Capital, a real estate company that invests in single-tenant properties, adding to bets in the sector by the conglomerate controlled by billionaire Warren Buffett.
Berkshire Hathaway Sees Margin Of Safety With Store Capital Forbes.com Net lease REITs should get a nice boost today thanks to Warren Buffett. More specifically, Berkshire Hathaway (BRK.A) is now a 9.8% owner in Scottsdale-based Store Capital (STOR). Berkshire Hathaway has invested $377 million in Store.
Warren Buffett Bags Quick 29% Return in Store Capital Fool.com After acquiring 10% of Store Capital in June, Berkshire Hathaway is already up nearly 30% in less than three months.
Warren Buffett's Berkshire Hathaway just made a big bet on real estate BusinessInsider.com Store Capital, a real estate investment trust, said Monday that Berkshire Hathaway invested $377 million in the company.
What Does Warren Buffett’s Net Lease Investment Mean for the Sector? NREIonline.com The investment signals Buffett’s confidence not only in Store, but also in net lease properties.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
9 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.6
7 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 7.0
9 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.7
8 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.4
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.9
9 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.9
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.1
Rating Leverage Section Avg. Rating
7 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.7
6 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.6
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.2
Rating Asset & Revenue Section Avg. Rating
8 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.3
9 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 8.0
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.8
9 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.1
Rating Properties Section Avg. Rating
10 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.7
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.8
8 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
7 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.0
8.4 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

Related REITs


REIT REITRating™ Score Exchange Market Capitalization Sector Country
New York Mortgage Trust, Inc. (NYMT) 5.5 NASDAQ Small-Cap Mortgage United States
Realty Income Corp (O) 8.5 NYSE Large-Cap Retail Industrial Office Specialty United States

Last updated: 2022-11-26 - v3.5