STORE Capital (STOR) Tops Q4 EPS by 1c; AFFO was $0.43/Share

STORE Capital (NYSE: STOR) reported Q4 EPS of $0.20, $0.01 better than the analyst estimate of $0.19. Revenue for the quarter came in at $102.1 million versus the consensus estimate of $95.31 million.

Highlights

For the quarter ended December 31, 2016:

• Total revenues of $102.1 million
• Net income of $31.9 million
• Net income per share of $0.20 (basic and diluted)
• AFFO of $67.1 million
• AFFO per share of $0.43 (basic and diluted)
• Declared a regular quarterly cash dividend per common share of $0.29
• Invested $325.0 million in 94 properties at an initial weighted average cap rate of 7.9%
• Issued $200 million of A+ rated net-lease mortgage notes under the STORE Master Funding debt program in October 2016
• Raised aggregate net equity proceeds of $87.7 million from the sale of approximately 3.6 million common shares under the at-the-market equity program

For earnings history and earnings-related data on STORE Capital (STOR) click here.

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