What is Store Capital?
STORE Capital Corporation operates as an internally managed net-lease real estate investment trust, specializing in the acquisition and management of Single Tenant Operational Real Estate. The company distinguishes itself by focusing on profit-center properties, maintaining a highly diversified portfolio that spans over 2,500 locations across the United States. As a leader in the net-lease market, STORE Capital provides essential real estate solutions that enable businesses to unlock capital while maintaining operational control of their facilities. Its business model is built on the premise of long-term, triple-net lease agreements, which provide stable, predictable cash flows for investors while offering tenants flexibility and security in their real estate footprint.
How much funding has Store Capital raised?
Store Capital has raised a total of $5B across 15 funding rounds:
Stock Offering
$546M
Multiple Rounds
$1.1B
Multiple Rounds
$939.6M
Debt
$235M
Stock Offering
$271.1M
Debt
$600M
Stock Offering
$350M
Stock Offering
$350M
Debt
$600M
Stock Issuance/Offering (2014): $546M with participation from Undisclosed
Debt (2015): $365M led by Undisclosed
Stock Issuance/Offering (2015): $224.7M supported by Undisclosed
Debt (2015): $175M featuring Undisclosed
Stock Issuance/Offering (2015): $296.7M backed by Undisclosed
Debt (2016): $200M with participation from Undisclosed
Debt (2016): $100M led by Wells Fargo Securities and KeyBanc Capital Markets
Stock Issuance/Offering (2016): $304.6M supported by Undisclosed
Debt (2016): $335M featuring Undisclosed
Debt (2017): $235M backed by Undisclosed
Stock Issuance/Offering (2017): $271.1M with participation from Undisclosed
Debt (2018): $600M led by Wells Fargo Securities and KeyBanc Capital Markets
Stock Issuance/Offering (2018): $350M supported by BMO Capital Markets, Regions Securities LLC, and Capital One Securities
Stock Issuance/Offering (2019): $350M featuring Regions Securities LLC, Capital One Securities, and BMO Capital Markets
Debt (2022): $600M, investors not publicly disclosed
Key Investors in Store Capital
BMO Capital Markets
A full-service financial services provider offering equity and debt underwriting, corporate lending, and advisory services for institutional and corporate clients.
Wells Fargo Securities
The investment banking arm of Wells Fargo, providing comprehensive capital markets solutions, including debt and equity financing for large-scale real estate enterprises.
KeyBanc Capital Markets
A leading corporate and investment bank providing specialized financial services and capital raising expertise to middle-market and large-cap companies.
What's next for Store Capital?
Looking ahead, STORE Capital is well-positioned to capitalize on its robust property acquisition pipeline and institutional-grade financial backing. The firm's strategic focus remains on expanding its footprint in the Single Tenant Operational Real Estate market, utilizing its recent capital influx to enhance portfolio quality and drive shareholder value. By maintaining a disciplined approach to capital allocation and leveraging its deep relationships with major financial institutions, the company is poised to navigate shifting macroeconomic conditions while continuing its trajectory as one of the fastest-growing REITs in the sector. Future initiatives will likely prioritize the optimization of existing assets and the pursuit of high-yield opportunities that align with its core investment thesis.
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