|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® Introduces Spooky and Kooky Limited-Time Menu Inspired by MGM’s New Animated Film The Addams Family
on September 16, 2019 at 1:15 pm
Plus, Kids Eat Free is Back! IHOP is Treating Parents Every Day from 4-10 PM, Now Through November 3 […]
Applebee’s® Celebrates National Cheeseburger Day with a Juicy Deal
on September 16, 2019 at 12:30 pm
One of Applebee’s® favorite holidays is just around the corner! On Wednesday, September 18, Applebee’s restaurants nationwide will celebrate National Cheeseburger Day by offering one of its most popular Handcrafted Burgers – the Classic Bacon Cheeseburger – with an endless supply of delectable fries for only $6.99*. Applebee’s Classic Bacon Cheeseburger is made with your choice of two cheese slices (American, Cheddar, Swiss, or Pepper Jack), two strips of Applewood-smoked bacon and topped with lettuce, tomato, onion and pickles, all packaged up on a Brioche bun. As with all Handcrafted Burgers, each Classic Bacon Cheeseburger is made to order, with 100% fresh, never-frozen ground beef, and smashed on the grill to seal in the deliciousness. […]
Applebee's, IHOP adding thousands of locations to GrubHub delivery
on August 27, 2019 at 1:22 pm
Dine Brands Global Inc. said Tuesday that it has added nearly triple the number of Applebee's and IHOP locations to the GrubHub Inc. marketplace, bringing the total to more than 3,000 restaurants. Franchisees who work with GrubHub will receive added marketing and analytics benefits. Dine Brands stock is up 12% for the year to date, GrubHub stock is down nearly 24%, and the S&P 500 index has gained almost 15% for 2019 so far. […]
Dine Brands Partners With Grubhub To Offer Delivery Across Thousands Of Applebee's & IHOP Locations
on August 27, 2019 at 1:00 pm
NEW YORK and GLENDALE, Calif., Aug. 27, 2019 /PRNewswire/ -- Grubhub (GRUB), the nation's leading online and mobile food-ordering and delivery marketplace, today announced its expanded partnership with Dine Brands (DIN), the parent company of Applebee's Neighborhood Grill + Bar® and IHOP® restaurants. Nearly triple the number of Applebee's and IHOP locations will be available on the Grubhub marketplace, and the collaboration will also build a deep integration to maximize incremental growth. Grubhub's marketplace will extend coverage to more than 3,000 locations between Applebee's and IHOP brands, giving diners even more opportunity to get their favorite dishes delivered. […]
Is Dine Brands Global, Inc. (NYSE:DIN) A Smart Pick For Income Investors?
on August 18, 2019 at 2:09 pm
Dividend paying stocks like Dine Brands Global, Inc. (NYSE:DIN) tend to be popular with investors, and for good reason... […]