Store Capital Corp

Symbol: STOR
CIK: 1538990
Exchange: NYSE
Founded: 2011 (8 years)
HQ: Scottsdale, AZ, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Retail, Industrial

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See STOR on SEC.gov

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Store Capital Corp Company Logo

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 7.8   Dividend Section Rating

Rating Dividend Section Avg. Rating
10 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.4
2 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.6
9 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 7.0
8 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 5.6
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 6.8
7.8 Overall Dividend Section Rating: The REIT’s total dividend score from the compilation of the below dividend analysis. 6.7

 8.2   Leverage Section Rating

Rating Leverage Section Avg. Rating
6 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.5
9 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 7.2
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.5
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.2
8 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 6.2
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.0
8.2 Overall Leverage Section Rating: The REIT’s total Debt Leverage score from the compilation of the above Debt analysis. 7.6

 9.3   Asset & Revenue Section Rating

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. 6.9
9 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.7
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.7
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.4
9.3 Overall Asset & Revenue Section Rating: The REIT’s total Asset, Revenues, and Administrative expenses score from the compilation of the above analysis. 7.2

 8.4   Overall REITRating™ Score


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.

Stock Chart

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Hightlights of Trading Day September 13, 2019


Open Price: $36.72
Closing Price: $36.07
Price Change: -0.52 (-1.421%)
Lowest Price: $35.88
Highest Price: $36.84

52-Week Low: $26.93
52-Week High: $38.75
52-Week Change: 24.77%

5 Day Price Change: -2.89%
1 Month Price Change: 1.11%
3 Month Price Change: 4.54%
6 Month Price Change: 11.90%
YTD Price Change: 33.25%
1 Year Price Change: 26.57%
2 Year Price Change: 58.37%
5 Year Price Change: 71.28%

Dividend of Trading Day September 13, 2019


Dividend Yield: 3.66%*
Annualized Dividend: $1.32*
Dividend Yield (TTM): 3.66%
Annualized Dividend (TTM): $1.32
Ex Dividend Date: 2019-09-27
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.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day September 13, 2019


Total Cash: $43,017,000
Current Debt: $135,311,000
Revenue: $543,403,000
Gross Profit: $356,227,000
Total Revenue: $543,403,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $493,897,000
Revenue Per Share: $2
Revenue Per Employee: $6,037,811
Employee: 90
Debt to Equity Ratio (D/E): 0.79
Profit Margin: 0.40%
Enterprise Value (EV): $11,348,671,460
Enterprise Value to Revenue (EV/R): 20.88
Price to Sales (P/S): 15.33
Price to Book (P/B): 2.16
Peg Ratio: -11.27
P/E Ratio: 36.40
P/E High: 39.14
P/E Low: 27.20
Forward P/E Ratio: 37.19
Market Capitalization: $8,331,376,460
Beta: 0.30
Latest Volume: 1,160,848.00
Avg. Total Volume: 1,498,107
Avg. 10 Volume: 1,648,152.60
Avg. 30 Volume: 1,498,106.67
TTM EPS: 0.99
TTM Dividend Rate: 1.32
Shares Outstanding: 230,978,000
Float: 229,028,314.70
50-Day Moving Avg.: 35.60
200-Day Moving Avg.: 33.07

Latest REIT Community Comments on #STOR


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Properties Owned by STOR


Properties owned:
2389
Types:
2
States:
50
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
STOR Sample Property
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Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by STOR, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 25,368,000 51,969,000 43,017,000 32,957,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 1,800,000 253,000 0
Property, Plant & Equipment Net 21,857,000 22,111,000 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 93,636,000 46,097,000 25,844,000 30,710,000
Net Tangible Assets 4,118,489,000 3,989,155,000 3,863,501,000 3,618,702,000
Total Assets 7,699,974,000 7,479,342,000 7,113,971,000 6,751,746,000
Accounts Payable 0 0 0 0
Liabilities (Other) 168,108,000 164,440,000 190,158,000 176,612,000
Current Liabilities (Other) 76,009,000 74,676,000 72,954,000 69,912,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 20,339,000 27,732,000 135,311,000 6,522,000
Long-term Debt 3,393,038,000 3,298,015,000 2,925,001,000 2,949,910,000
Total Liabilities 3,581,485,000 3,490,187,000 3,250,470,000 3,133,044,000
Minority Interest 0 0 0 0
Common Stock 2,303,000 2,263,000 2,211,000 2,119,000
Retained Earnings -306,573,000 -298,331,000 -267,651,000 -250,174,000
Treasury Stock 0 0 0 0
Capital Surplus 4,424,885,000 4,286,250,000 4,129,082,000 3,858,416,000
Shareholder Equity 4,118,489,000 3,989,155,000 3,863,501,000 3,618,702,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 163,787,000 157,530,000 147,595,000 137,779,000
Cost of Revenue 57,014,000 56,600,000 51,232,000 46,836,000
Gross Profit 106,773,000 100,930,000 96,363,000 90,943,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 71,280,000 68,583,000 63,745,000 58,345,000
Operating Income 92,507,000 88,947,000 83,850,000 79,434,000
Income Expense Net (Other) -24,396,000 -43,198,000 -27,081,000 -32,307,000
EBIT 92,507,000 88,947,000 83,850,000 79,434,000
Interest Income 39,092,000 37,925,000 36,555,000 32,307,000
Pretax Income 68,111,000 45,749,000 56,769,000 47,127,000
Income Tax 147,000 193,000 185,000 130,000
Minority Interest 0 0 0 0
Net Income 67,964,000 45,473,000 56,475,000 46,888,000
Net Income Basic 67,964,000 45,473,000 56,475,000 46,888,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income 67,964,000 45,473,000 56,475,000 46,888,000
Depreciation 55,000,000 53,716,000 49,519,000 45,781,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -11,714,000 8,952,000 10,060,000 -23,569,000
Cash Flow 123,434,000 94,847,000 108,605,000 103,608,000
Capital Expenditures 0 0 0 0
Investments -159,668,000 -384,592,000 -397,958,000 -458,015,000
Investing Activity (Other) -106,642,000 -16,910,000 -979,000 -31,163,000
Total Investing Cash Flows -261,557,000 -401,040,000 -397,189,000 -488,395,000
Dividends Paid -74,676,000 -74,160,000 -69,912,000 -63,614,000
Net Borrowings 65,546,000 235,393,000 100,434,000 237,566,000
Cash Flow Financing 126,409,000 315,145,000 298,644,000 361,218,000
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.

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.

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