Motley Fool
Why STORE Capital Gained 16% in September
Shares of STORE Capital (NYSE: STOR) increased 16% in September, according to data provided by S&P Global Market Intelligence. The real estate investment trust (REIT) agreed to be acquired by GIC in partnership with Oak Street, a Division of Blue Owl Capital, for a 20% premium over its price at the time of the announcement, making it a no-brainer buy with an almost guaranteed gain. STORE Capital owns more than 3,000 properties in various industries with a 99.5% occupancy rate.