|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
Dine Brands Could Decline in the Weeks Ahead - Avoid the Long Side for Now
on July 17, 2019 at 10:54 am
Sometimes pullbacks are incredible buying opportunities, Jim Cramer reminded viewers during his Mad Money program Tuesday night. Cramer said after years of underperformance they began to turn itself around in late 2017 and shares have been steadily marching higher since. While many investors weren't happy when the company slashed its dividend, Cramer said the extra money was exactly what the company needed to invest to keep itself relevant and be prepared for the future. […]
IHOP® Offering 58-Cent Pancakes Nationwide on July 16 in Honor of Its Launch In 1958
on July 15, 2019 at 10:00 am
To celebrate IHOP’s birth year of 1958, IHOP is serving 58-cent short stacks of its Original Buttermilk pancakes on Tuesday, July 16 from 7am – 7pm at restaurants nationwide*. “This has been another incredible year for the IHOP brand and we’re celebrating by giving our loyal guests a can’t-beat deal on the pancakes that made us famous,” said Alisa Gmelich, Vice President of Marketing, IHOP. […]
A Look At The Intrinsic Value Of Dine Brands Global, Inc. (NYSE:DIN)
on July 12, 2019 at 2:59 pm
In this article we are going to estimate the intrinsic value of Dine Brands Global, Inc. (NYSE:DIN) by projecting its... […]
Dine Brands Global, Inc. to Host Second Quarter 2019 Earnings Conference Call on July 31, 2019
on July 10, 2019 at 8:30 pm
Dine Brands Global, Inc. (DIN), the parent company of Applebee's Neighborhood Grill & Bar® and IHOP® restaurants, will announce its fiscal second quarter 2019 financial results on July 31, 2019 before the stock market opens. The Company will host a conference call to discuss its results on the same day at 9:00 a.m. Pacific Time. International callers, please dial (847) 585-4405 and reference passcode 48827895. […]
All You Can Eat Riblets, Chicken Tenders & Shrimp Is Back at Applebee’s by Popular Demand
on July 8, 2019 at 10:40 pm
Starting today, All You Can Eat Riblets, Chicken Tenders & Shrimp makes its triumphant return to Applebee’s® restaurants nationwide starting at only $14.99*. With Double Crunch Shrimp joining the lineup earlier this year to make the ultimate All You Can Eat trio, we had to give it another chance to shine just in time for summertime. […]