UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 | Regulation FD Disclosure. |
On January 11, 2021, STORE Capital Corporation (the “Company”) issued a press release announcing its acquisition activity, net of property sales, for the year ended December 31, 2020.
The information set forth in this Item 7.01 and in the attached Exhibit 99.1 is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Item 8.01 | Other Events. |
On January 11, 2021, the Company announced its acquisition activity for the year ended December 31, 2020. The Company invested more than $800 million in profit center real estate during 2020, net of sales, which was above its guidance range of $625 million to $750 million, net of sales.
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Item 9.01Financial Statements and Exhibits.
(d) Exhibits
Exhibit | Description | |
99.1 | ||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| STORE Capital Corporation | |
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Dated: January 11, 2021 | ||
| By: | /s/ Chad A. Freed |
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| Chad A. Freed |
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| Executive Vice President – General Counsel |
Exhibit 99.1
STORE Capital Announces Acquisition Activity for 2020
Exceeds High End of Guidance Range
SCOTTSDALE, Ariz., January 11, 2021 -- 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 acquisition activity for the full year ended December 31, 2020. STORE Capital invested more than $800 million in profit center real estate during 2020, net of sales, above its guidance range of $625 million to $750 million.
“Our fourth quarter acquisition activity meaningfully exceeded our projections, reflecting broad based demand for long-term net lease financing solutions from both existing and new tenants,” said Christopher H. Volk, Chief Executive Officer of STORE Capital. “Throughout the pandemic, our origination team has continued to cultivate relationships, maintaining a healthy pipeline of new investment opportunities. Our fourth quarter acquisitions pace was dominated by our December investment activity, giving us a solid start to 2021. Most importantly, we are gratified that we could continue to provide growth capital to our tenants on terms that were accretive to 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.
Forward-Looking Statements
Certain statements contained in this press release that are not historical facts contain forward-looking statements. Forward-looking statements can be identified by the use of words such as “estimate,” “anticipate,” “expect,” “believe,” “intend,” “may,” “will,” “should,” “seek,” “approximate” or “plan,” or the negative of these words and phrases or similar words or phrases. Forward-looking statements, by their nature, involve estimates, projections, goals, forecasts and assumptions and are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. For more information on risk factors for STORE Capital’s business, please refer to the periodic reports the Company files with the Securities and Exchange Commission from time to time. These forward-looking statements herein speak only as of the date of this press release and should not be relied upon as predictions of future events. STORE Capital expressly disclaims any obligation or undertaking to update or revise any forward-looking statements contained herein, to
STORE Capital Corporation
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reflect any change in STORE Capital’s expectations with regard thereto, or any other change in events, conditions or circumstances on which any such statement is based, except as required by law.
Contacts:
Financial Profiles, Inc.
STORECapital@finprofiles.com
Investors or Media:
Moira Conlon, 310-622-8220
Lisa Mueller, 310-622-8231
# # #
Document and Entity Information |
Jan. 11, 2021 |
---|---|
Document and Entity Information [Abstract] | |
Document Type | 8-K |
Document Period End Date | Jan. 11, 2021 |
Entity Registrant Name | STORE Capital Corporation |
Entity Incorporation, State or Country Code | MD |
Entity File Number | 001-36739 |
Entity Tax Identification Number | 45-2280254 |
Entity Address, Address Line One | 8377 East Hartford Drive, Suite 100 |
Entity Address, City or Town | Scottsdale |
Entity Address, State or Province | AZ |
Entity Address, Postal Zip Code | 85255 |
City Area Code | 480 |
Local Phone Number | 256-1100 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $0.01 par value |
Trading Symbol | STOR |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
Entity Central Index Key | 0001538990 |
Amendment Flag | false |
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