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SCOTTSDALE, Ariz.--(BUSINESS WIRE)--STORE Capital LLC (“STORE”, “STORE Capital” or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, announced today that it has priced a $350.0 million offering of 5.40% senior unsecured notes. The notes were priced at 99.935% of the principal amount and will mature on April 30, 2030. Interest on the notes will be paid semi-annually on April 30 and October 30 of each year, b.
STORE Capital Corporation is being acquired by a consortium of real estate giants. The deal likely closes within a week or two but possibly later.
Understandably many investors were disappointed with the acquisition of STORE Capital, which was a very popular REIT. While much smaller, NETSTREIT shares many characteristics with STORE Capital, making it a replacement option worth considering.
Store Capital (STOR) delivered FFO and revenue surprises of 3.51% and 2.84%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
STORE Capital's (STOR) Q3 results are likely to reflect gains from an increase in the size of the real estate investment portfolio and improving fundamentals.
First of all, let me confess that the title is partially stolen from a book entitled “The Checklist Manifesto” by Atul Gawande. The book analyzed why checklists are vitally important in professions where people resist checklists the most, such as investing and surgery.
STORE Capital is in the process of being acquired in an all-cash deal, but there is still some money being left on the table. Although the upside for investors may not seem significant, it's important to compare the upside and downside compared to recent market activity.
STORE Capital has offered a fine ride for investors, but that journey is ending. The stock offers only 2% potential upside to the takeout price - and peers offer compelling relative value.
Not all of the stocks in Berkshire Hathaway's portfolio are worth buying right now.
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--STORE Capital Corporation (NYSE: STOR or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that it will release financial results for the third quarter ended September 30, 2022, before the market opens on Thursday, November 3, 2022. In light of the previously announced pending acquisition of the Company by GIC and Oak Street, a Division of Blue Owl, the Co