STORE Capital Announces November Rent Collections of 90%
November 23 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 that as of November 20, 2020, STORE
Capital had received rent payments representing 90% of contractual
base rent and interest for the month of November.
“Our November rent collections mirror those of October, with
virtually all our locations continuing to be open for business,”
said Christopher Volk, STORE Capital’s Chief Executive Officer. “We
and our roster of leading national and regional tenants remain
extremely encouraged about the long-term business climate,
especially given the effectiveness demonstrated by the upcoming
multiple vaccines designed to address the pandemic. Notably, our
November collections represented a continuation of prior months,
with no new tenants requesting lease deferrals, and with the
remaining deferrals centered in a few highly impacted industries,
foremost including 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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Investors or Media: Moira Conlon, 310-622-8220 Lisa Mueller,
310-622-8231
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