Q3 2020 STORE Capital Corp Earnings Call

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Good day and welcome to the store capital third quarter 2020, <unk> financial results Conference call all participants will be in listen only mode.

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I'd like to turn the conference over to Lisa Mueller. Please go ahead.

Thank you operator, and thank you all for joining us today to discuss store capital's third quarter 2020 financial results.

Morning, We issued our earnings release and quarterly Investor presentation, which includes supplemental information for today's call. These documents are available in the Investor Relations section of our website at IR Dot store capital Dot Com under news and results quarterly results on today's call management will provide prepared remarks, and then we will open.

The call up for your questions.

In order to maximize participation, while keeping our call to an hour we will be observing a two question limit during the Q and a portion of the call participants can then reenter the queue. If you have follow up questions. Before we begin I would like to remind you that today's comments will include forward looking statements under the federal Securities laws forward.

Forward looking statements by their nature involve estimates projections goals forecasts and assumptions and are subject to risks and uncertainties, including those are rising from the COVID-19 pandemic and its related impacts on us and our tenants that could cause actual results or outcomes to differ materially from those expressed in the forward looking statements.

Our actual financial condition and results of operations may vary materially from those contemplated by such forward looking statements discussion of the factors that could cause our results to differ materially from these forward looking statements are contained in our SEC filings, including our reports on form 10-K and 10-Q.

With that I would now like to turn the call over to Chris Volk stores, Chief Executive Officer, Chris. Please go ahead.

Thank you Lisa and good day, everyone and welcome to store Capital's third quarter Twentytwenty earnings call.

With me today are might be to what our president and Chief operating officer, and Cathy long, our Chief Financial Officer.

As always we welcome the opportunity to speak to you today and hope that you and your families continues to be healthy and safe.

The computer they encouraged on a number of fronts. Our recollections continued steadily rise with over 90% of our rents collected for October.

Meanwhile, our portfolio occupancy and vacancy levels remain pretty endemic levels, which says a lot.

Perhaps most importantly, we entered into this pandemic, which sector high yields on our portfolio investment and that record has been sustained.

Such performance is at the heart of risk adjusted investment return delivery Mary.

Mary will provide added detail here, but our portfolio diversity has been important to our success as has our generally suburban investment profile, which is more conducive to the demand for social distancing.

With that said, let me discuss our achievements for the quarter.

Our portfolio remains healthy with NAXI rate of 99.6% and.

And with the plurality of our net lease contracts renewed.