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STORE capital ■ Single Tenant Operational Real Estate Ⓒ SCOTTSDALE , Ariz . , May 6 , 2021 – STORE Capital Corporation ( NYSE : STOR , “ STORE Capital " or the " Company " ) , an internally managed net - lease real estate investment trust ( REIT ) that invests in Single Tenant Operational Real Estate , today announced operating results for the first quarter ended March 31 , 2021 . Highlights For the quarter ended March 31 , 2021 : Total revenues of $ 182.3 million Net income of $ 55.0 million , or $ 0.21 per basic and diluted share , including an aggregate net gain of $ 15.7 million on dispositions of real estate AFFO of $ 125.2 million , or $ 0.47 per basic and diluted share Declared a regular quarterly cash dividend per common share of $ 0.36 Invested $ 270.8 million in 66 properties at a weighted average initial cap rate of 7.8 % ■ STORE Capital Announces First Quarter 2021 Operating Results Affirms 2021 Guidance Raised $ 114.1 million in net proceeds from the sale of approximately 3.5 million common shares under the Company's at - the - market equity program Management Commentary " 2021 is off to a very good start . Our solid first quarter results were driven by our robust pipeline of attractive investment opportunities , our diverse and granular portfolio and improving business conditions , " said Mary Fedewa , STORE Capital's President and Chief Executive Officer . " We are seeing an accelerated pace of activity and confidence among our customers and prospects . Our portfolio remains strong with portfolio occupancy of 99.6 % and coverage ratios at pre - pandemic levels . We are well positioned to fund our strong pipeline of acquisitions with historically low leverage , ample liquidity and access to a variety of attractive debt and equity financing options . All of this positions us well for continued growth for the balance of 2021 and , as a result , we are reaffirming our full year 2021 guidance . " Financial Results COVID - 19 Update Since early 2020 , the world has been , and continues to be , impacted by the pandemic . COVID - 19 and measures to prevent its spread affected the Company by impacting its tenants ' businesses and their ability to pay rent . As restrictions have been lifted , the Company's tenants have increased their business activity and their ability to make rent payments . Essentially all the Company's properties are open for business and the Company's collections of monthly rent and interest rose to 93 % for the first quarter of 2021 ; collections increased to 95 % in April 2021. The Company continues to closely monitor unpredictable factors that could impact its business going forward , including governmental , business and individual actions in response to the pandemic , including the vaccination process , and the overall level of recovery of broad economic activity .