STORE Capital LLC Reports Net Loss of $39.7 Million for Q2 2023

STORE Capital LLC,(STOR) a leading real estate i nvestment firm, has announced its financial results for the second quarter of 2023. The company reported a net loss of $39.7 million for the quarter, while its total revenue reached $253.6 million. The condensed consolidated financial statements highlight the company's performance in various aspects of its operations.

Net Loss of $39.7 Million in Q2 2023

During the second quarter of 2023, STORE Capital LLC recorded a net loss of $39.7 million. This marks a significant decrease compared to the net income of $90.5 million reported during the same period in the previous year. The company attributed the loss to various factors, including depreciation and amortization expenses, interest costs, and provisions for impairment.

Revenue Reaches $253.6 Million