Earnings release
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STORE Capital Announces Second Quarter 2021 Operating Results Company Release - 8/5/2021 Raises 2021 AFFO Guidance SCOTTSDALE , Ariz .-- ( BUSINESS WIRE ) -- 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 second quarter ended June 30 , 2021 . Highlights For the quarter ended June 30 , 2021 : • Total revenues of $ 192.0 million • Net income of $ 62.4 million , or $ 0.23 per basic and diluted share , including an aggregate net gain of $ 5.9 million on dispositions of real estate • AFFO of $ 135.6 million , or $ 0.50 per basic and diluted share • Declared a regular quarterly cash dividend per common share of $ 0.36 • Invested $ 340.9 million in 95 properties at a weighted average initial cap rate of 7.8 % • Raised $ 55.4 million in net proceeds from the sale of approximately 1.6 million common shares under the Company's at - the - market equity program • Issued $ 515.0 million of long - term fixed rate notes , at a weighted average interest rate of 2.8 % , under STORE's Master Funding secured debt program in June 2021 ; the issuance included $ 337.0 million of AAA rated notes For the six months ended June 30 , 2021 : • Total revenues of $ 374.3 million • Net income of $ 117.4 million , or $ 0.44 per basic and diluted share , including an aggregate net gain of $ 21.5 million on dispositions of real estate • AFFO of $ 260.9 million , or $ 0.97 per basic and diluted share • Declared a regular quarterly cash dividend per common share of $ 0.72 • Invested $ 611.7 million in 161 properties at a weighted average initial cap rate of 7.8 % Raised $ 169.5 million in net proceeds from the sale of approximately 5.1 million common shares under the Company's at - the - market equity program