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Benzinga
Benzinga
Business
Ethan Roberts

If You Invested $1,000 In Store 5 Years Ago, This Is How Much You Would Have Made In Dividends

Store Buffett Berkshire Hathaway NYSE REIT Arizona SC Scottsdale

In 2017, Buffett and Berkshire Hathaway invested $377 million in Store Capital Corp. (NYSE:STOR), a Scottsdale, Arizona-based retail and industrial property real estate investment trust (REIT) that was founded in 2011. Buffett trimmed his shares of the REIT by more than half during the second quarter of this year, which now appears to be a poorly timed move. 

Store Capital announced Thursday that it has agreed to be acquired by Singaporean sovereign fund GIC and Oak Street for about $14 billion. Store Capital shareholders will receive $32.25 per share, a premium of 20.4% over the stock's closing price on Wednesday.

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