Margins of Safety

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S|T|O|R|E CAPITAL CORPORATION (NYSE - STOR)  
Contract Quality
Financial Strength
Close Financial Strength
  • A highly protected dividend
  • High contract lease escalations
  • Multiple investment-grade borrowing options
  • Conservative leverage and flexible balance sheet
Portfolio Monitoring
Close Portfolio Monitoring
  • Virtually all tenants provide financial statements
  • 97% property-level financial statements
  • Every investment independently appraised
  • ~15% annual physical portfolio inspection

Portfolio metrics
as of 6/30/17

Portfolio Characteristics
Close Portfolio Characteristics
  • Unparalleled direct investment origination platform, with 92% of our contracts prepared by us and approximately 80% of our customer relationships directly solicited
  • 1,770 profit-center properties leased to 371 tenants, across 48 states and 102 industries
  • A top exposure of 3.1% of rent and interest income, with top ten tenants at less than 18% and approximately 80% of our portfolio under 1%
  • Seasoned tenants with median annual revenues approximating $47 million and weighted average revenues in excess of $700 million

Portfolio metrics
as of 6/30/17

Organizational Structure
Close Organizational Structure
  • Credit and closing silos
  • Management and Board Investment Committees

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