STORE Capital Announces October Rent Collections of 90%
October 21 2020 - 6:45AM
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 October rent collections.
As of October 20, 2020, STORE Capital had received rent payments
representing 90% of contractual base rent and interest for the
month of October.
“We are very encouraged to see the continued increase in our
rent collections, providing among the highest net lease sector
investment yields,” said Christopher Volk, Chief Executive Officer
of STORE Capital. “Nearly 100% of our locations are open for
business, with rent deferrals primarily limited to just two
impacted sectors: Movie Theaters and Early Childhood
Education.”
About STORE Capital
STORE Capital Corporation is an internally managed net-lease
real estate investment trust, or REIT, that is the leader in the
acquisition, investment and management of Single Tenant Operational
Real Estate, which is its target market and the inspiration for its
name. STORE Capital is one of the largest and fastest growing
net-lease REITs and owns a large, well-diversified portfolio that
consists of investments in more than 2,500 property locations
across the United States, substantially all of which are profit
centers. Additional information about STORE Capital can be found on
its website at www.storecapital.com.
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