| Price Range 12mo avg: | $963K – $3.9M |
|---|---|
| $/sf 12mo avg: | $742 |
| CAP Rate 12mo avg: | 6.08% |
| NOI average: | $180,602 |
| Lease Terms: | 21yrs NNN |
| Building Size avg: | 4,401 SF |
| Lot Size avg: | 1+/- acres |
The largest full-service dining company in the world.
In the past, the world knew us as IHOP®, an American icon to our guests and a franchising company that was focused on providing strategic leadership and vision for our franchisees and on enhancing value for our shareholders. With this dedicated focus, we cultivated a core expertise in brand revitalization and franchising know-how which became the basis for the winning formula that has defined the financial success of our business in recent years. With the addition of Applebee’s® to the IHOP family of restaurants in November 2007, we made a bold new commitment to our brand revitalization abilities and to the power of franchising. DineEquity promises to make our two businesses more powerful and more successful than either brand could have been apart. In October of 2012, DineEquity successfully completed the transition of Applebee’s to a 99% franchised restaurant system. Our goal remains to provide delicious, innovative dishes and exceptional guest experiences each and every time a guest walks through either brand’s doors. With more than 3,600 restaurants combined in 18 countries, more than 400 franchisees and approximately 200,000 team members (including franchisee- and company-operated restaurant employees), DineEquity is one of the largest full-service restaurant companies in the world.
IHOP
When Al and Jerry Lapin opened the first International House of Pancakes in Toluca Lake, California on July 7, 1958, they never dreamed that five decades later the family restaurant they founded would become the American icon it is today. From humble beginnings, we have grown to more than 1,650 IHOP restaurants in 50 states, and the District of Columbia. Internationally, IHOP has locations in Canada, Mexico, Guatemala, the Middle East, The Philippines, Puerto Rico and the U.S. Virgin Islands. Today, IHOP is the leader in the family dining segment of the restaurant industry. Our 99% franchised system delivers strong free cash flow results that have been a hallmark of the financial performance of IHOP.
| S&P Credit Rating: | N/A |
|---|---|
| Moody’s Credit Rating: | N/A |
| Annual Revenue 2014: | $655M |
| Annual Revenue 2013: | $640.5M |
| Revenue Growth: | ↑ 2% from 2013 |
| Net Income | $36.5M |
| Units (Dec. 2014) | 1,650 |
| Average Units Volume: | $174.7K |
Net income was impacted by loss on extinguishment of debt related to the Company’s refinancing of its long-term debt.
2014 Refinancing of Long-term Debt
On September 30, 2014, the Company repaid the entire outstanding principal balance of $463.6 million of the Credit Facility; there were no premiums or penalties associated with the repayment. On October 30, 2014, after a required 30-day notice period, the Company repaid the entire outstanding $760.8 million principal balance of Senior Notes, along with a required make-whole premium for early repayment of $36.1 million. All of our obligations under the Credit Facility and the Senior Notes terminated upon the respective repayments thereof.
This transaction was accounted for as an extinguishment of debt under U.S. GAAP. We recognized a loss on debt extinguishment of $64.9 million for the year ended December 31, 2014, comprised of the $36.1 million make-whole premium on the Senior Notes and the write-off of the unamortized debt discount and the issuance costs associated with the extinguished debt of $16.9 million and $11.9 million, respectively.
Average Units Volume is calculated on a combined total of Applebee’s and IHOP units (3,667) and does not account for store sales as 99% of the units are franchised.
Yahoo! Finance: DIN News Latest Financial News for DIN
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See what the IHS Markit Score report has to say about Dine Brands Global Inc.
on January 22, 2019 at 1:05 pm
# Dine Brands Global Inc ### NYSE:DIN View full report here! ## Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is moderate * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Neutral Short interest is moderately high for DIN with between 10 and 15% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Negative ETF activity is negative and may be weakening. The net inflows of $159 million over the last one-month into ETFs that hold DIN are among the lowest of the last year and appear to be slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report. […]
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Should First Trust Small Cap Growth AlphaDEX Fund (FYC) Be on Your Investing Radar?
on January 15, 2019 at 11:29 am
Style Box ETF report for FYC […]
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$1 cocktails and cheesy bacon fries could make Dine Brands, McDonald's top restaurant stocks in 2019
on January 2, 2019 at 8:52 pm
Analyst Mark Kalinowski names McDonald's and Dine Brands, parent of Applebee's and IHOP, his top restaurant stock picks for 2019. Kalinowski's previous picks have outperformed the S&P 500 since 2009. Applebee’s cheap cocktails are driving massive traffic to its restaurants. […]
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IHOP® Announces New 'All You Can Eat Pancakes' Deal With Any Breakfast Combo
on January 2, 2019 at 3:15 pm
GLENDALE, Calif., Jan. 2, 2019 /PRNewswire/ -- IHOP® is starting the New Year off with a delicious tradition by bringing back its wildly popular 'All You Can Eat Pancakes' promotion and this year, IHOP will sweeten the deal. For a limited time, guests can enjoy unlimited refills of the brand's hot, fluffy Buttermilk pancakes with any classic breakfast combo. The current promotion is available January 2 through February 24, 2019 at participating IHOP restaurants nationwide. […]
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Ahoy, Matey! Drink like a Captain with Applebee’s Newest Neighborhood Drink of the Month, the $2 Captain and Cola
on January 1, 2019 at 1:33 pm
The treasure maps are pointing to Applebee’s®, where the $2 Captain and Cola has made landfall as the January Neighborhood Drink of the Month. This month, Applebee’s called on the one and only Captain Morgan® to serve the popular rum and cola cocktail at a price as rare as gold from Davy Jones’ locker. The new $2 Captain and Cola is served in a 10 oz. […]
NYSE: DIN
