What is Store Capital?
STORE Capital Corporation operates as an internally managed net-lease real estate investment trust (REIT). It specializes in the acquisition, investment, and management of Single Tenant Operational Real Estate, a niche that inspired its name. As one of the largest and most rapidly expanding net-lease REITs, STORE Capital boasts a substantial and well-diversified portfolio comprising investments in over 2,500 property locations throughout the United States. These properties are predominantly profit centers, reflecting the company's strategic focus on acquiring assets with strong operational fundamentals and long-term lease agreements.
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): $100M with participation from Wells Fargo Securities and KeyBanc Capital Markets
Debt (2016): $200M led by Undisclosed
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 Capital One Securities, BMO Capital Markets, and Regions Securities LLC
Debt (2022): $600M, investors not publicly disclosed
Key Investors in Store Capital
BMO Capital Markets
BMO Capital Markets, a full-service financial services provider, likely participated in underwriting or advisory roles for STORE Capital's equity offerings, leveraging its expertise in corporate finance and capital markets.
Wells Fargo Securities
Wells Fargo Securities, a major investment bank, has been involved in STORE Capital's debt financing rounds, indicating a strong relationship in providing capital for the REIT's portfolio growth.
Capital One Securities
Capital One Securities has been a participant in STORE Capital's stock issuance activities, suggesting involvement in equity capital raising and strategic financial transactions.
What's next for Store Capital?
With its substantial total funding and recent strategic investment, STORE Capital is well-positioned for continued expansion and portfolio enhancement. The company's established track record in acquiring and managing single-tenant operational real estate suggests a strategic focus on deepening its market penetration and potentially exploring new geographic or industry verticals within its net-lease model. Future capital allocation will likely prioritize acquiring high-quality, income-producing properties that align with its core investment strategy, further solidifying its leadership in the REIT sector. The company's ability to consistently attract significant capital indicates strong investor confidence in its business model and management team.
See full Store Capital company page
