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Store Capital Q2 FFO climbs 25.1% YOY


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Store Capital Q2 FFO climbs 25.1% YOY

Store Capital Corp. said its second-quarter funds from operations amounted to 47 cents per share, in line with the S&P Global Market Intelligence consensus FFO per share estimate.

The per-share results increased 9.3% year over year from 43 cents.

In aggregate, the FFO totaled $107.9 million, a gain of 25.1% from $86.2 million in the year-earlier period.

Adjusted FFO rose 25.3% from the prior-year period to $114.2 million, or 50 cents per share, from $91.1 million, or 45 cents per share.

In reporting results, the company said it expects AFFO per share in the range of $1.92 to $1.96 for the full year, compared with previous guidance in the range of $1.90 to $1.96.

For the full year, the S&P Market Intelligence consensus FFO estimate is $1.90 per share.