Net Lease REIT STORE Capital’s Acquisitions Expected to Bear Fruit in 2017

Chris Volk, president and CEO of STORE Capital Corp. (NYSE: STOR), joined REIT.com for a CEO Spotlight video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.

STORE is an acronym for single-tenant operational real estate, which is the company’s target market.

Volk said the outlook for the net lease sector has improved since the summer. STORE has raised its earnings guidance twice this year due to acquisitions, many of which are “really going to bear fruit” in 2017, he noted.

Volk also spoke about the company’s capital position.

STORE received a BBB- rating from Standard & Poor’s, adding to its BBB- rating from Fitch Ratings, Volk said.

STORE is also holding approximately $100 million in A+ rated bonds that can be sold at any time, Volk said. He added that the REIT has lowered its leverage and maintained access to unsecured debt. The developments with the balance sheet have “given us much more flexibility during the course of the year,” Volk said.