1 Question STORE Capital Needs to Answer
STORE Capital (NYSE: STOR) did something important during pandemic-stricken 2020 by simply surviving with its dividend intact (it actually increased the disbursement, year over year). But now that 2020 is over, the net lease real estate investment trust (REIT) needs to prove itself anew. Here's why 2020 was so important, and what big question STORE Capital needs to answer in 2021.
STORE Capital's initial public offering was in November 2014. That's incredibly important to the story in 2020 because the last recession was the one from 2007 to 2009. So, heading into the coronavirus pandemic, this REIT had never lived through an economic downturn as a public company. It came out strong early on, providing a series of reasons why management believed it was well positioned to survive the headwinds, but with no history to look back to, there was no precedent for its assertion.
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Source Fool.com
