Recent sale : STORE Capital Corporation

Sold my position in STORE Capital Corp (NYSE:STOR). STORE Capital Corporation is getting acquired and delisted from Stock Market. Decided to free the cash already now when EUR/USD rate is high and re-invest it to another companies.

STORE Capital to be acquired by GIC with Oak Street

STORE Capital Corporation (NYSE: STOR, “STORE Capital” or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, and GIC, a global institutional investor in partnership with Oak Street, a Division of Blue Owl, one of the largest net lease investors, today announced that they have entered into a definitive agreement under which GIC and funds managed by Oak Street will acquire STORE Capital in an all-cash transaction valued at approximately $14 billion.

Under the terms of the definitive merger agreement, STORE Capital stockholders will receive $32.25 per share in cash, which represents a premium of 20.4% to STORE Capital’s closing stock price as of September 14, 2022 and a premium of 17.8% to the 90-day volume weighted average stock price through that date.

“This all-cash transaction delivers a meaningful premium that provides immediate and certain value for our stockholders in a challenging market environment, while positioning the Company, its customers and its partners for continued success,” said Tawn Kelley, Chairman of the Board of Directors of STORE Capital. “I would like to extend my thanks to the entire Board and management team for their hard work during this process, and for their unwavering commitment to acting in the best interests of our stockholders.” 

I just increased my position in STOR as this was one of the corner stones for my A month. But the premium is good so I'm happy with this and starting to look a replacement for A month. Since I own 89 shares of STOR this acquiry will bring me $2870.25
 

New purchase : STORE Capital Corporation

Added 16 shares of STORE Capital Corporation (NYSE:STOR) at $34.80 per share. I now hold 72 shares of STORE Capital Corporation.

 

New purchase : STORE Capital Corp

Added 10 shares of STORE Capital Corp (NYSE:STOR) at $33.72 per share. I now hold 56 shares of STORE Capital Corp.

Dividend increase #25 of 2021 : STORE Capital Corporation

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 has declared a regular quarterly cash dividend on its common stock of $0.3850 per share for the third quarter ending September 30, 2021. On an annualized basis, this dividend of $1.54 per common share represents an increase of $0.10 per share over the previous annualized dividend. The dividend will be paid on October 15, 2021 to STORE Capital stockholders of record as of the close of business on September 30, 2021. 

“Since we went public in 2014, STORE has delivered an attractive compounded annual total return to shareholders of 14.5% and our dividend has always been an important part of our total return. We are proud to be delivering a quarterly dividend increase of 2.5 cents per share to our shareholders, equating to 10 cents per share annualized – our highest per share increase since we became public. This dividend increase demonstrates our confidence in our growth strategy and the strength of our cash flows,” said Mary Fedewa, STORE Capital’s President and Chief Executive Officer.

New purchase : STORE Capital

Added 8 shares of STORE Capital Corp (STOR) at $34.4 per share. I now hold 46 shares of STOR

New purchase : STORE Capital

Added 10 shares of STORE Capital (STOR) at $32.58 per share. I now hold 38 shares of STOR

New purchase : STORE Capital

 Added 13 shares of STORE Capital Corp (NYSE:STOR) at $32.40 per share. I now hold 28 shares of STOR

New purchase : STORE Capital Corp

New position started in portfolio with STORE Capital Corp. (NYSE: STOR). Purchased 15 shares of STOR at $26.35 per share. 

STORE Capital Corporation is an internally managed net-lease real estate investment trust. The Company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) properties. As of December 31, 2016, the Company owned a portfolio that consisted of investments in 1,660 property locations operated by 360 customers across 48 states. Its customers operate across a range of industries within the service, retail and manufacturing sectors of the United States economy, with restaurants, early childhood education centers, movie theaters, health clubs and furniture stores. The Company's portfolio includes investments in approximately 1,330 property locations operated by over 300 customers across approximately 50 states. The Company provides real estate financing solutions principally to businesses that own STORE properties and operate within the broad-based service, retail and industrial sectors of the United States economy.