STORE Capital Is Down 46% in a Month. What Happened to This Retail REIT?
Over the last few years, the world of retail and related commercial property has been working to insulate itself from the advent of Amazon and the e-commerce movement it helped spur on. Building out a portfolio of businesses that were "future-proof" to digital disruption was the key, and many -- like commercial real estate investment trust (REIT) STORE Capital (NYSE: STOR) -- had great success in doing so.
But suddenly, Amazon-proofing a business model isn't good enough. With the coronavirus going from existential threat to very real economic disruptor in a matter of weeks, even businesses that rely on in-person visits are in danger. And that's what has STORE Capital shares down in the dumps. As of this writing, units of the REIT have backtracked roughly 46% since late February 2020.
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Source Fool.com
