STORE Capital: Passive Income Generator

Apr. 11, 2022 4:25 PM ETSTORE Capital Corporation (STOR)6 Comments
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Cappuccino Finance
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Summary

  • STORE Capital focuses on Single Tenant Operational Real Estate (STORE) across the U.S., and has a strong portfolio with geographical and business diversification.
  • Their assets under management, AFFO, and dividend has been growing at a solid pace over the past several years.
  • Well-managed debt with multiple debt sources and a well-laddered payment schedule give an investment grade credit rating.

Exterior view of Bass Pro Shops

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Investment Thesis

STORE Capital Corporation (NYSE: NYSE:STOR) is an internally managed net-lease real estate investment trust (REIT) that focuses on Single Tenant Operational Real Estate (namesake of the company). They have been growing at a tremendous rate since

STORE portfolio

STORE's Portfolio (STORE Capital Investor Relations)

STORE top customers

STORE's Portfolio (STORE Capital Investor Relations)

STORE Total Investment Portfolio

STORE Total Investment Portfolio (SEC Filing)

Per Share Growth of STORE

Per Share Growth of STORE (STORE Capital Investor Relations)

Well Laddered Payment Schedule

Well Laddered Payment Schedule (STORE Capital Investor Relations)

Mortgage Rate Trend

Mortgage Rate Trend (Nerd Wallet)

This article was written by

Cappuccino Finance profile picture
2.94K Followers
Visit me at Cappuccino Finance, I share my top picks (Value, Growth, Dividend & Growth), market outlook, and interesting ideas from super investors, based on my 12 years of experience and knowledge in stock investment and in real estate. I, Justin J. Lee, believe in fundamental analysis and disciplined market research. I have strong quant background with a Ph.D. (University of California, Santa Barbara) in model predictive control and an MBA (Jones School of Business, Rice University). My primary focus is to identify 1) small cap companies with strong fundamentals and growth potential, 2) large cap companies going through temporary set-backs, and 3) stable companies with solid dividend yields and growth potential.

Disclosure: I/we have a beneficial long position in the shares of STOR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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