CEO Christopher H. Volk to Ring Today’s Opening Bell at New York
Stock Exchange
NEW YORK & SCOTTSDALE, Ariz.--(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 reported strong
acquisition activity for the fourth quarter and full year ended December
31, 2014. The Company’s real estate investment portfolio grew from $1.7
billion in gross investment dollars representing 622 property locations
at December 31, 2013, to $2.8 billion in gross investment dollars
representing nearly 950 property locations at December 31, 2014. STORE
Capital invested over $1.1 billion in profit center real estate during
2014, including over $275 million in the fourth quarter. STORE Capital
is planning to report its operating results for the fourth quarter and
full year ended December 31, 2014 during the last week of February 2015.
“With a solid fourth quarter for real estate asset acquisitions and
further diversification of our property portfolio, STORE Capital
continues to be one of the fastest growing net-lease REITs in the U.S.,”
said Christopher H. Volk, President and Chief Executive Officer. “We are
excited to start the New Year 2015 with such great momentum and look
forward to continuing portfolio growth as the year progresses. At the
heart of this growth has been the strong reception by our customers to
our flexible, value-added real estate net lease finance solutions
designed to help them efficiently manage their capital and improve the
vitality of their businesses.”
This morning, President and Chief Executive Officer, Christopher H.
Volk, will ring the first opening bell of 2015 at the New York Stock
Exchange to celebrate the Company’s recent listing on the Exchange. The
Company’s common shares began trading on November 18, 2014 in
conjunction with its initial public offering of common stock. The
Opening Bell® will be webcast on Livestream beginning at 9:26 A.M. ET
today via the URL http://new.livestream.com/NYSE.
About STORE Capital
STORE Capital Corporation is an internally managed net-lease real estate
investment trust, or REIT, that is a 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
nearly 950 property locations, substantially all of which are profit
centers, in 46 states. 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 may 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," "approximately" 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. These forward-looking statements speak
only as 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 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.
Financial Profiles
Jacques Dubois, 310-622-8235
or
Moira
Conlon, 310-622-8220
STORECapital@finprofiles.com
Source: STORE Capital Corporation