STORE Capital Announces December Rent Collections of 90%
December 22 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 December rent collections.
As of December 21, 2020, STORE Capital had received rent
payments representing 90% of contractual base rent and interest for
the month of December. In addition, according to an updated survey
of STORE Capital’s tenants, nearly all the Company’s property
locations remained open in December, despite recent renewed
restrictions.
“We are encouraged to see December rent collections and
operating properties remain on par with October and November. Our
remaining lease deferrals continue to be centered in a few highly
impacted industries, such as Movie Theaters, Early Childhood
Education and Restaurants. With vaccine distribution underway, we
and our tenants remain highly encouraged about the 2021 business
climate,” said Christopher Volk, STORE Capital’s Chief Executive
Officer. “In the face of the unprecedented challenges we’ve seen
this year, we take pride in the resiliency of our tenants, the
sectors in which they operate and in our portfolio diversity, all
of which continue to deliver for our shareholders.”
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,
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