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This statistic highlights STORE Capital’s Revenue by Segment from Q1 2016 onwards, split across Interest income into loans and financing receivables, Rental Revenues, and Income by other segments, on a quarterly basis.
Having provided greater than $20 billion in real estate mortgage and rent solutions to clients throughout the United States, the senior management crew of STORE Capital has been making an investment in single-tenant real estate for over 3 decades, with STORE being its 3rd public corporation at the New York Stock Exchange.
Following table contains STORE Capital’s Revenue by Segment:
Revenue By Segment | Q3 2020 | Q2 2021 | Q3 2021 | Revenue Share in Q3 2021 |
Interest income on loans and financing receivables | $11.02 | $11.66 | $ 12.97 | 6.52% |
Other income | $0.88 | $0.22 | $ 2.07 | 1.04% |
Rental Revenues | $163.33 | $180.16 | $ 184.08 | 92.45% |
Total | $175.22 | $192.05 | $ 199.13 | 100.00% |
(All figure is in millions, except percentages.)
STORE Capital Corporation’s total revenue increased from $175.22 million in Q3 2020 to $199.13 million in Q3 2021, marking a 14% growth on a year-on-year basis. It also grew by 4% compared to $192.05 earned in Q2 2021.
STORE Capital’s revenue is further bifurcated into the following segments:
Interest Income on Loans & Financial Receivables
In Q3 of 2021, the income from Loans & Financial Receivables stood at $12.97 million. This segment saw a gradual increase in its revenue from Q3 2020 when it recorded $11.02 million and Q2 2021 when it saw $11.66 million revenue earned. It records 6-7% of the total revenue in each of the quarters.
Rental Revenues
This segment has the biggest contribution to the revenue of the company. It consistently records more than 90% of the revenue share in all these years down the line. Rental revenue saw an increase from $163.33 million in Q3 2020 to $184.08 million in Q3 2021, with a proportionate increase in Q2 2021 i.e., $180.16 million. In Q3 2021, it records 92% of the overall revenue contribution.
Other Income
A negligible part of the revenue is gained through other income i.e., 1% of the total revenue in Q3 2021. It increased by 6% between Q3 2020 to Q2 2021.
About STORE Capital Corporation
STORE Capital (Single Tenant Operational Real Estate) is one of the largest growing REITs, with a highly diversified portfolio. Headquartered in Scottdale, Arizona, it was founded in 2011. As of December 31, 2020, our 2,634 property locations have been operated with the aid of using 519 clients throughout the United States. Their clients perform throughout a huge kind of industries inside the service, retail and production sectors of the U.S. economy, with restaurants, early childhood education, fitness clubs, steel fabrication, and automobile repair and maintenance representing the pinnacle industries in our portfolio.
STORE Capital prefers to work and engage directly with corporations in sale/leaseback transactions, which accounts for roughly 80% of its acquisitions. As of its shareholders, Berkshire Hathaway holds 9% of the companies shares.
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