Private company

STORE Capital Corporation

STORE Capital Corporation is a real estate capital and net lease solutions.1 It is headquartered in Lutherville Timonium, United States.1

Last updated Oct 20, 2026.

Overview

  • IndustryReal Estate Investment Trusts1
  • HeadquartersLutherville Timonium, United States1
  • Incorporated inDE4
  • Business address8377 East Hartford Drive, Suite 100, Scottsdale, Az 852554
  • Filer categoryNon-accelerated filer4
  • Legal formStock Corporation3
  • LEI5493004EA6C9IHDZ7N663
  • StatusInactive3
  • LEI statusRetired3
  • Registered address2405 YORK ROAD, 21093-2264 Lutherville Timonium, United States3
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D141194813

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On September 15, 2022, STORE Capital Corporation, a Maryland corporation, Ivory Parent, LLC, a Delaware limited liability company (“Parent”) and Ivory REIT, LLC, a Delaware limited liability company (“Merger Sub” and, together with Parent, the “Parent Parties”), entered into an Agreement and Plan of Merger (the “Merger Agreement”). The Parent Parties are affiliates of GIC, a global institutional investor, and funds managed by Blue Owl Capital. On February 3, 2023 (the “Closing Date”), pursuant to the terms and subject to the conditions set forth in the Merger Agreement, STORE Capital Corporation merged with and into Merger Sub (the “Merger”) with Merger Sub surviving (the “Surviving Entity”) and the separate existence of STORE Capital Corporation ceased. Immediately following the completion of the Merger, the Surviving Entity changed its name to STORE Capital LLC. References herein to “w…6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

13.4%Net margin7
7.5%Revenue growth, 20257

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs86¢$1.1B
  • Income tax1¢$9.9M
  • Profit13¢$165.8M

Out of $1.2B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$794.3M

Out of $794.3M of cash from operations.7

Financial statements

Revenue897$1.2B in 2025+58% since 2021
0$500.0M$1.0B$1.5B2021: $782.7M$782.7M20212022: $910.2M$910.2M2022+16%2024: $1.2B$1.2B2024+27%2025: $1.2B$1.2B2025+8%
Net income897$165.8M in 2025−38% since 2021
0$100.0M$200.0M$300.0M$400.0M2021: $268.3M$268.3M20212022: $327.9M$327.9M2022+22%2024: $123.2M$123.2M2024−62%2025: $165.8M$165.8M2025+35%
Fiscal year20212022202320242025
Revenue$782.7M8$910.2M9$1.2B7$1.2B7
Operating expenses$564.1M8$603.6M9$1.1B7$1.1B7
Interest$171.0M8$189.5M8
Income before tax$269.2M8$328.8M9$126.0M7$157.5M7
Income tax$813.0K8$884.0K9$1.9M7-$9.9M7
Net income$268.3M8$327.9M9$123.2M7$165.8M7
Earnings per share$0.998$1.179
Earnings per share (diluted)$0.998$1.179
Shares (weighted, basic)270.1M shares8280.1M shares9
Shares (weighted, diluted)270.1M shares8280.1M shares9

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Corporate structure

STORE Capital Corporation sits at the top of its group. 90 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of STORE Capital Corporation

  • VANGUARD GROUP INC Filed SC 13G/A on STORE Capital Corporation, latest Feb 9, 2023 (2 filings since Feb 10, 2022)
  • State Street Corporation Filed SC 13G on STORE Capital Corporation, latest Feb 6, 2023
  • PRINCIPAL REAL ESTATE INVESTORS LLC Filed SC 13G/A on STORE Capital Corporation, latest Feb 15, 2022
  • STORE Capital Corporation Lutherville Timonium, Maryland, United States
    • SPE Park 2020-2, LLC Subsidiary · Delaware, United States
    • STAT Holdings I, LLC Subsidiary · Delaware, United States
    • STAT JV I, LLC Subsidiary · Delaware, United States
    • STORE Capital Acquisitions, LLC Subsidiary · Delaware, United States
    • STORE Capital Advisors, LLC Subsidiary · Arizona, United States
    • STORE Investment Company II, LLC Subsidiary · Delaware, United States
    • STORE Investment Corporation Subsidiary · Delaware, United States
    • STORE Master Funding I, LLC Subsidiary · Delaware, United States
    • STORE Master Funding II, LLC Subsidiary · Delaware, United States
    • STORE Master Funding III, LLC Subsidiary · Delaware, United States
    • STORE Master Funding IV, LLC Subsidiary · Delaware, United States
    • STORE Master Funding IX, LLC Subsidiary · Delaware, United States
    • STORE Master Funding V, LLC Subsidiary · Delaware, United States
    • STORE Master Funding VI, LLC Subsidiary · Delaware, United States
    • STORE Master Funding VII, LLC Subsidiary · Delaware, United States
    • STORE Master Funding VIII, LLC Subsidiary · Delaware, United States
    • STORE Master Funding X, LLC Subsidiary · Delaware, United States
    • STORE Master Funding XI, LLC Subsidiary · Delaware, United States
    • STORE Master Funding XII, LLC Subsidiary · Delaware, United States
    • STORE Master Funding XIII, LLC Subsidiary · Delaware, United States
    • STORE Master Funding XIV, LLC Subsidiary · Delaware, United States
    • STORE Master Funding XIX, LLC Subsidiary · Delaware, United States
    • STORE Master Funding XL, LLC Subsidiary · Delaware, United States
    • STORE Master Funding XLI, LLC Subsidiary · Delaware, United States
    • STORE Master Funding XLII, LLC Subsidiary · Delaware, United States
    • and 64 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What STORE Capital Corporation reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land and buildings$3.9B7 Dec 31, 2025$3.8B7 Dec 31, 2024+1.9%
Operating-lease assets (leased space)$53.7M7 Dec 31, 2025$57.2M7 Dec 31, 2024−6.2%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$12.5B7 Dec 31, 2025$12.9B7 Dec 31, 2024−2.4%
Real estate investments, at cost$14.0B7 Dec 31, 2025$13.8B9 Dec 31, 2024+1.4%
Real estate accumulated depreciation$1.6B7 Dec 31, 2025$1.1B7 Dec 31, 2024+47.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$39.1M7 Dec 31, 2025$162.2M7 Dec 31, 2024−75.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$559.7M7 Dec 31, 2025$588.6M7 Dec 31, 2024−4.9%
Accumulated amortization$142.1M7 Dec 31, 2025$99.0M7 Dec 31, 2024+43.5%
Finite-lived intangibles, net$417.6M7 Dec 31, 2025$489.6M7 Dec 31, 2024−14.7%

Properties, in its own words

As of December 31, 2025, our total investment in real estate and loans was approximately $17.1 billion, representing investments in 3,576 property locations, substantially all of which are profit centers for our customers. The weighted average non‑cancelable remaining term of our leases was approximately 14.8 years.

Item 2 of the 10-K filed Mar 6, 2026.6

Leadership

Who has led STORE Capital Corporation, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Christopher H. Volk2014–2021
  2. Mary Fedewa2021–2023

President

  1. Christopher H. Volk2014–2020
  2. Mary Fedewa2020–2023

Chief financial officer

  1. Catherine Long2014–2021
  2. Sherry L. Rexroad2021–2022

Chief operating officer

  1. Mary Fedewa2018–2021
201520202025
Board members and other officers (27)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • SPE Park 2020-2, LLC Delaware5
  • STAT Holdings I, LLC Delaware5
  • STAT JV I, LLC Delaware5
  • STORE Capital Acquisitions, LLC Delaware5
  • STORE Capital Advisors, LLC Arizona5
  • STORE Investment Company II, LLC Delaware5
  • STORE Investment Corporation Delaware5
  • STORE Master Funding I, LLC Delaware5
  • STORE Master Funding II, LLC Delaware5
  • STORE Master Funding III, LLC Delaware5
  • STORE Master Funding IV, LLC Delaware5
  • STORE Master Funding IX, LLC Delaware5
  • STORE Master Funding V, LLC Delaware5
  • STORE Master Funding VI, LLC Delaware5
  • STORE Master Funding VII, LLC Delaware5
  • STORE Master Funding VIII, LLC Delaware5
  • STORE Master Funding X, LLC Delaware5
  • STORE Master Funding XI, LLC Delaware5
  • STORE Master Funding XII, LLC Delaware5
  • STORE Master Funding XIII, LLC Delaware5
  • STORE Master Funding XIV, LLC Delaware5
  • STORE Master Funding XIX, LLC Delaware5
  • STORE Master Funding XL, LLC Delaware5
  • STORE Master Funding XLI, LLC Delaware5
All 89 listed subsidiaries
  • STORE Master Funding XLII, LLC Delaware5
  • STORE Master Funding XLIII, LLC Delaware5
  • STORE Master Funding XLIV, LLC Delaware5
  • STORE Master Funding XV, LLC Delaware5
  • STORE Master Funding XVI, LLC Delaware5
  • STORE Master Funding XVII, LLC Delaware5
  • STORE Master Funding XVIII, LLC Delaware5
  • STORE Master Funding XX, LLC Delaware5
  • STORE Master Funding XXI, LLC Delaware5
  • STORE Master Funding XXII, LLC Delaware5
  • STORE Master Funding XXIII, LLC Delaware5
  • STORE Master Funding XXIV, LLC Delaware5
  • STORE Master Funding XXIX, LLC Delaware5
  • STORE Master Funding XXV, LLC Delaware5
  • STORE Master Funding XXVI, LLC Delaware5
  • STORE Master Funding XXVII, LLC Delaware5
  • STORE Master Funding XXVIII, LLC Delaware5
  • STORE Master Funding XXX, LLC Delaware5
  • STORE Master Funding XXXI, LLC Delaware5
  • STORE Master Funding XXXII, LLC Delaware5
  • STORE Master Funding XXXIII, LLC Delaware5
  • STORE Master Funding XXXIV, LLC Delaware5
  • STORE Master Funding XXXIX, LLC Delaware5
  • STORE Master Funding XXXV, LLC Delaware5
  • STORE Master Funding XXXVI, LLC Delaware5
  • STORE Master Funding XXXVII, LLC Delaware5
  • STORE Master Funding XXXVIII, LLC Delaware5
  • STORE SPE AVF I 2017-1, LLC Delaware5
  • STORE SPE AVF II 2017-2, LLC Delaware5
  • STORE SPE Applebee’s 2013-1, LLC Delaware5
  • STORE SPE Argonne 2017-5, LLC Delaware5
  • STORE SPE Ashley CA, LLC Delaware5
  • STORE SPE BMSR 2026-1 Delaware5
  • STORE SPE Bass 2019-2, LLC Delaware5
  • STORE SPE Berry 2014-4, LLC Delaware5
  • STORE SPE Byron 2013-3, LLC Delaware5
  • STORE SPE Cabela’s I 2017-3, LLC Delaware5
  • STORE SPE Cabela’s II 2017-4, LLC Delaware5
  • STORE SPE Chancellor 2021-3, LLC Florida5
  • STORE SPE Cicero 2013-4, LLC Delaware5
  • STORE SPE Columbia, LLC Delaware5
  • STORE SPE Conquest 2021-2, LLC Florida5
  • STORE SPE Corinthian, LLC Delaware5
  • STORE SPE Drew 2019-1, LLC Delaware5
  • STORE SPE LA Fitness 2013-7, LLC Delaware5
  • STORE SPE Mills Fleet 2016-1, LLC Delaware5
  • STORE SPE Mills Fleet II 2017-7, LLC Delaware5
  • STORE SPE O’Charley’s, LLC Delaware5
  • STORE SPE Parker 2014-3, LLC Delaware5
  • STORE SPE Ruby Tuesday 2017-8, LLC Delaware5
  • STORE SPE Securities Holding, LLC Delaware5
  • STORE SPE Southern Motion 2018-1, LLC Delaware5
  • STORE SPE Sovereign 2021-1, LLC Florida5
  • STORE SPE Spring 2022-2, LLC Delaware5
  • STORE SPE St. Augustine 2013-2, LLC Delaware5
  • STORE SPE Starplex, LLC Delaware5
  • STORE SPE State College 2013-8, LLC Delaware5
  • STORE SPE Sunrise, LLC Delaware5
  • STORE SPE Swensons 2016-2, LLC Delaware5
  • STORE SPE TYP 2025-2, LLC Florida5
  • STORE SPE Tahoe 2022-1, LLC Delaware5
  • STORE SPE USLBM 2017-6, LLC Delaware5
  • STORE SPE Vegas 2020-1, LLC Delaware5
  • STORE SPE WP 2025-1, LLC Kentucky5
  • STORE SPE Warehouse Funding, LLC Delaware5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • STORE CAPITAL CorpJan 18, 2012 to Feb 14, 20234

Timeline

  1. Sep 21, 20268-K Entered a material agreement; New debt or obligation; Regulation FD disclosure46
  2. May 19, 20268-K Entered a material agreement; New debt or obligation; Regulation FD disclosure47
  3. Feb 12, 20268-K Entered a material agreement; New debt or obligation48
  4. Feb 5, 20268-K Other events49
  5. Jan 5, 20268-K Executive or director change50
  6. Nov 18, 20258-K Executive or director change51
  7. Oct 3, 20258-K Entered a material agreement; New debt or obligation; Regulation FD disclosure52
  8. Mar 27, 20258-K Entered a material agreement; New debt or obligation53
  9. Mar 21, 20258-K Other events54
  10. Feb 28, 20258-K Executive or director change55
  11. Dec 12, 20248-K Executive or director change56
  12. Jun 20, 20248-K Executive or director change57
  13. Apr 16, 2021New chief executive Mary Fedewa becomes CEO14
  14. Nov 17, 2014New chief executive Christopher H. Volk becomes CEO15
  15. May 16, 2011Founded STORE Capital Corporation is founded3

Calendar

When it reported results

  1. Aug 4, 2023Reported quarterly or annual results58
  2. Nov 3, 2022Reported quarterly or annual results59
  3. Aug 3, 2022Reported quarterly or annual results60
  4. May 4, 2022Reported quarterly or annual results61
  5. May 4, 2022Reported quarterly or annual results62
  6. Feb 23, 2022Reported quarterly or annual results63
  7. Nov 4, 2021Reported quarterly or annual results64

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

205 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 38 major events, 42 insider forms, 4 large holders, 101 other. The latest 20:

  1. Sep 21, 20268-K EDGAR
  2. Sep 4, 2026ABS-15G EDGAR
  3. Sep 4, 2026ABS-15G EDGAR
  4. Sep 4, 2026ABS-15G EDGAR
  5. Sep 4, 2026ABS-15G EDGAR
  6. Sep 4, 2026ABS-15G EDGAR
  7. Sep 4, 2026ABS-15G EDGAR
  8. Sep 4, 2026ABS-15G EDGAR
  9. Sep 4, 2026ABS-15G EDGAR
  10. Sep 4, 2026ABS-15G EDGAR
  11. Sep 4, 2026ABS-15G EDGAR
  12. Sep 4, 2026ABS-15G EDGAR
  13. Sep 4, 2026ABS-15G EDGAR
  14. Sep 4, 2026ABS-15G EDGAR
  15. Sep 4, 2026ABS-15G EDGAR
  16. Sep 4, 2026ABS-15G EDGAR
  17. Sep 4, 2026ABS-15G EDGAR
  18. Sep 4, 2026ABS-15G EDGAR
  19. Aug 7, 202610-Q EDGAR
  20. May 19, 20268-K EDGAR

The 205 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How STORE Capital Corporation is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSTORE CAPITAL LLC2
  • CIK0001538990
  • Employer ID (EIN)88-40517126
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
  • Incorporated inDelaware6
  • Fiscal year endsDecember 312
  • Industry code (SIC)6798 Real Estate Investment Trusts2
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance2
  • Business address8377 East Hartford Drive, Suite 100, Scottsdale, AZ 852552
  • Phone(480) 256-11002
  • Shares outstanding1,125 as of Aug 3, 202612
  • Public float$0 as of Jun 30, 20257
  • AuditorErnst & Young LLP, Phoenix, Arizona PCAOB ID 42; no auditor attestation of internal control over financial reporting6
  • On EDGAR sinceJan 18, 20122
  • Filings795 in all: 4 (244), 8-K (187), ABS-15G (112), 10-Q (35), SC 13G/A (34), 3 (32), 424B5 (20), DEFA14A (15)2
    All 40 form types

    SC 13G (14), UPLOAD (14), 10-K (12), CORRESP (12), FWP (9), DEF 14A (8), 424B7 (6), S-11/A (5), EFFECT (4), S-3ASR (4), 424B3 (2), DRS/A (2), DRSLTR (2), PRE 14A (2), S-11 (2), S-4 (2), 10-Q/A (1), 25-NSE (1), 305B2 (1), 424B1 (1), 424B4 (1), 5 (1), 8-A12B (1), ARS (1), CERTNYS (1), D (1), DEFM14A (1), DRS (1), POSASR (1), PREM14A (1), S-8 (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Mar 6, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Apr 14, 2022
    Latest 8-K (8-K) Sep 21, 2026

Securities registered for trading

ClassSymbolExchange
None

From the cover page of the 10-K filed Mar 6, 2026 (Section 12(b) of the Exchange Act).6

Risk factors and legal proceedings

The risks STORE Capital Corporation names in Item 1A of its 10-K filed Mar 6, 2026: 34 risks under these headings, as written.6

  • Risks Related to Our Business and Operations
  • The value of our real estate is subject to fluctuation, and risks related to investing in real estate may have an adverse effect on our financial condition.
  • Contingent rent escalators may expose us to inflation risk and can hinder our growth and profitability.
  • The success of our business depends upon the success of our customers’ businesses, and bankruptcy laws will limit our remedies in the event of customer defaults.
  • Some service and service-oriented retail customers may be susceptible to e-commerce pressures.
  • Geographic, market sector or industry concentrations within our portfolio may negatively affect our financial results.
  • Failure of our underwriting and risk management procedures to accurately evaluate a potential customer’s credit risk could materially and adversely affect our operating results and financial position.
  • We may be unable to identify and complete acquisitions of suitable properties, which may impede our growth.
  • We face significant competition for customers, which may negatively impact the occupancy and rental rates of our properties, reduce the number of acquisitions we are able to complete or increase the cost of these acquisitions.
  • As leases expire, we may be unable to renew those leases or re-lease the space on favorable terms or at all.
  • Some of our customers operate under franchise or license agreements, which, if terminated or not renewed prior to the expiration of their leases with us, would likely impair their ability to pay us rent.
  • If a customer defaults under either the ground lease or mortgage loan of a hybrid lease, we may be required to undertake foreclosure proceedings on the mortgage before we can re-lease or sell the property.
The other 23 risks
  • Defaults by customers on mortgages we hold could lead to losses on our investments.
  • Some of our customers rely on government funding, and their failure to continue to qualify for such funding could adversely impact their ability to make timely lease payments to us.
  • Construction and renovation risks could adversely affect our profitability.
  • Our ability to fully control the maintenance of our net-leased properties may be limited.
  • Failure to qualify as a REIT could adversely affect our financial condition.
  • Risks Related to the Financing of Our Business
  • Our growth depends on external sources of debt and equity capital, which are outside of our control and affect our ability to seize strategic opportunities, satisfy debt obligations and make distributions to our members.
  • Current market conditions, including increases in interest rates, could adversely affect our ability to refinance existing indebtedness or obtain additional financing for growth on acceptable terms or at all.
  • Our operating results and financial condition could be adversely affected if we or our subsidiaries are unable to make required payments on our debt.
  • Our hedging strategies may not be successful in mitigating our risks associated with interest rates and could reduce our overall net return.
  • We depend on the asset backed securities (“ABS”) market for a substantial portion of our long-term debt financing.
  • A downgrade in our credit ratings could have a material adverse effect on our business and financial condition.
  • The agreements governing some of our indebtedness contain restrictions and covenants which may limit our ability to enter into or obtain funding for certain transactions, operate our business or make distributions to our members.
  • General Real Estate Risks
  • Real estate investments are relatively illiquid and property vacancies could result in significant capital expenditures.
  • Uninsured losses relating to real property may adversely affect our returns.
  • Environmentally hazardous conditions may adversely affect our operating results.
  • We may be subject to liabilities and costs associated with the impacts of climate change.
  • Certain provisions of our leases or loan agreements may be unenforceable, which could adversely impact us.
  • General Risk Factors
  • We face risks associated with security breaches through cyber-attacks, cyber intrusions or otherwise, as well as other significant disruptions of our IT networks and related systems.
  • Our business and results of operations may be adversely affected by the increasing use, regulation and impact of artificial intelligence technologies on our customers and the markets in which they operate.
  • We depend on key personnel; the loss of their full service could impair our ability to operate successfully.
  • We are subject to litigation which could materially and adversely affect us.
  • Changes in financial and economic conditions, including inflation and tariffs, may have an adverse impact on our and our customers’ results of operations.
  • Future federal, state and local rules or regulations may adversely affect our and our customers’ results of operations.

Legal proceedings

We are subject to various legal proceedings and claims that arise in the ordinary course of our business, including instances in which we are named as defendants in lawsuits arising out of accidents causing personal injuries or other events that occur on the properties operated by our customers. These matters are generally covered by insurance and/or by our customers pursuant to our

contractual indemnification rights that we include in our leases. Management believes that the final outcome of such matters will not have a material adverse effect on our financial position, results of operations or liquidity.

The opening of Item 3, Legal Proceedings.6

Sources

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