1 min read. This positions the company very well for a much better second half of 2020 and also adds safety on the dividend - more on that later.In terms of investment activity STORE Capital has notably slowed down its actions here in order to preserve liquidity. STORE Capital's quarterly dividend amounts to $0.35 and thus seems to be sufficiently covered by the $0.44 AFFO reported for the second quarter. NBA In FULL COLLAPSE! The TIDE Is TURNING! Still, the company invested around $135M in 21 property locations which carry a weighted average initial cap rate of 8.7%. Justice Is Being SERVED As TRUMP WINS In Portland! Based on the 85% level of rent collections in July the dividend is covered and STORE expects this to apply to the entire second half as well:So, I think from a Q2 perspective, we’re going to be short, and we cover the dividends.

I have no business relationship with any company whose stock is mentioned in this article. Investment activity remains tamed as preserving cash is king in this dynamic situation. Against this background the figures STORE Capital reported were truly impressive in my view. As described above rent collections steadily and meaningfully escalated in June and July and that's the reason why the dividend was maintained. It is also assuring for investors that rent collections have been trending upwards over the last 4 months and reached a surprisingly high level of 85% for July with more than 90% of locations being open.

After a lot of discussion, we were able to turn the tide. Rent collections have been rising and are currently covering the dividend as businesses have reopened which allowed a whole collection of tenants to resume rent payments. This map here shows that the overwhelming majority of properties is not located in highly impacted counties despite STORE Capital's heavy presence in states like California, Texas and Florida. A highly diversified portfolio with little exposure to highly impacted counties and a wave of reopenings marks a turnaround for the company and like for the stock is well. I am not receiving compensation for it (other than from Seeking Alpha). 1 week ago. Traduzioni in contesto per "the tide is turning" in inglese-italiano da Reverso Context: Nevertheless, in spite of the sound industrial base and the resumption of investment activity in Europe, we note that the tide is turning. STORE's strength is a vastly diversified portfolio of tenants consisting of small and medium enterprises across the entire country and across dozens of industries.

STORE's portfolio is dominated by the service sector which is responsible for 65% of base rent whereas the retail sector (18%) and the manufacturing sector (17%) have significantly lower shares. 5 months into the pandemic STORE Capital has been navigating through an unprecedented period that has seen rent collections collapse and recover. STORE Capital can only do well if its tenants do well. We expect to be able to cover Q3 and Q4, and so for the whole year, we expect to cover it and then have room on top of that.STORE Capital is treating the dividend carefully and while the situation remains fluid - given that it is uncertain what happens in the Fall - so far the dividend appears rather safe and offers investors an attractive 5.3% yield.STORE Capital has made tremendous progress as it navigates this pandemic.

The Tide Is Turning Songtext von Roger Waters mit Lyrics, deutscher Übersetzung, Musik-Videos und Liedtexten kostenlos auf Songtexte.com Huawei’s deals with telecommunications operators around the world are evaporating, because countries are only allowing trusted vendors in their 5G networks. As COVID-19 containment measures were enforced and lifted STORE Capital quickly realized that "That insight is not earth-shattering by any means but still crucial to see how quickly STORE's tenants can resume their rent payments once businesses are reopened. Definition of turn the tide in the Idioms Dictionary. In terms of geographical diversification STORE's tenants are generally not concentrated in highly impacted counties:approximately 90% of our contractual base rent and interest is in states with less than 25 cases per day per 100,000 people and only 9% of our contractual base rent and interest is in both highly impacted counties and within highly impacted sectorsSTORE Capital owns over 2,500 properties across the US but while investors have roughly known where they are located on the map it was very difficult to overlay it with a COVID-19 map to plot how COVID-19 exposed the respective counties where these properties are located really are. The retail sector performed better than STORE's overall portfolio and also eclipsed the 90% rent collection mark in July. The real insight here is that it is not STORE's business model targeting small and medium tenants which generally have lower credit quality which is driving rent collections but rather tenant COVID-19 sensitivity. While some may find it relevant to scrutinize the FFO miss, I personally am more interested in how this performance compares to last year. Definitions by the largest Idiom Dictionary. The corona pandemic has badly hit former high-flying REIT STORE Capital (As basic and straightforward as that sounds it becomes very practical these days as nobody has ever really experienced a pandemic with lock-down measures as we have been witnessing in Q2/2020.