STOR Stock Recent News

STORE Capital is one of my favorite net lease REITs, and shares have sold off more than 20% YTD. This brought the valuation to a very attractive 12.2x price/FFO, a steep discount to its average multiple as well as the valuations of peers.

The Nasdaq is getting hammered -- maybe it's time to start looking at reliable dividend stocks instead.

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 that it will release financial results for the second quarter ended June 30, 2022, after the market closes on Wednesday, August 3, 2022. A conference call and audio webcast with analysts and investors will be held the next day at 12:00 p.m. Eastern Time/9:00 a.m. Scottsdale, Arizona

Store Capital could be an attractive core holding for income investors.

It has solid fundamentals and reliably pumps out a high-yield dividend.

STORE Capital's stock trades at an attractive AFFO multiple. STORE Capital has robust portfolio metrics, including occupancy and length of lease terms.

These stocks haven't been immune to the recent downturn, but I'm not worried from a long-term perspective.

STORE shares have had a brutal 12 months with the stock dropping 33% since July of 2021, well ahead of peers in the net lease sector. The market appears to believe that STORE is likely to be disproportionately hurt from a recession and rising interest rates. I believe that this narrative is wrong.

If we are heading into a recession, is it time to think about playing defense?

STORE Capital is a fundamentally strong REIT trading at discount valuations, with at least a 36% upside. STOR's strong business model, diversified portfolio and internal growth mechanism provide downside protection over inflationary and recessionary risks.