|Price Range 12mo avg:||$963K – $3.9M|
|$/sf 12mo avg:||$742|
|CAP Rate 12mo avg:||6.08%|
|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.
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|
|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
IHOP President on trends in the restaurant industry
on May 21, 2019 at 9:50 pm
IHOP President Darren Rebelez joins The Final Round to discuss growing trends in the restaurant industry and how the brand is keeping up. […]
See what the IHS Markit Score report has to say about Dine Brands Global Inc.
on May 21, 2019 at 1:05 pm
Dine Brands Global Inc NYSE:DINView full report here! Summary * Bearish sentiment is high * Economic output in this company's sector is expanding Bearish sentimentShort interest | NegativeShort interest is high for DIN with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting DIN. However, the last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold DIN had net inflows of $1.47 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording 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. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.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. […]
Investors keep food firms on warning over antibiotics
on May 20, 2019 at 7:00 am
An investor group managing some $5 trillion said it was pleased with the steps taken by fast-food companies to cut the use of antibiotics in their products and will continue to monitor firms as its three-year-long engagement comes to an end. Resistance to antibiotics has been flagged as a major risk to public health and economic growth by policymakers and the investor action formed part of global efforts to fight back by curtailing their use in the foodchain. All the companies engaged now had a formal policy in place or were expected to release one soon, and some were even outpacing the demands of increasingly tougher local regulations, the report from FAIRR seen by Reuters showed. […]
Less May be More for McDonald’s Stock—and the Restaurant Sector
on May 16, 2019 at 7:56 pm
McDonald’s is scaling back its all-day breakfast options, and that could be good news for Dunkin’, one analyst says. […]
Get Ready for Fajitas Like You’ve Never Seen before with Applebee’s® New Loaded Fajitas
on May 16, 2019 at 12:32 pm
Smothered with a hearty serving of hot queso and sprinkled with crispy Applewood-smoked bacon, Applebee’s Loaded Fajitas are available in your choice of sirloin steak, chicken or shrimp and served on a sizzling skillet. “We’re introducing our guests to sizzling, delicious and craveable Fajitas in only the way Applebee’s can – by loading them up with queso and bacon,” said Joel Yashinsky, chief marketing officer at Applebee’s. “Our industry-leading culinary team has taken this classic dish to a whole new level that our guests have been telling us surpasses their expectations and delivers real value. Each order of Loaded Fajitas is served with fajita vegetables and Spanish rice and comes with warm flour tortillas, a blend of cheddar cheeses, guacamole, lettuce, lime wedge, sour cream and house-made pico de gallo. […]