Spirit Realty Capital

Spirit Realty Capital, Inc. operates as a holding company. Its in-house capabilities include acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting and capital markets. The company was founded on August 14, 2003, and is headquartered in Dallas, TX.

Earnings data Q1 2020

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Earnings data Q3 2024

Spirit Realty Capital exceeds targets, eyes growth amid evolving market

Spirit Realty Capital's Q4 2022 performance showcased operational resilience, strategic portfolio reshaping, and disciplined financial management.
Despite challenges in net investment activity and competition, the company's strengths in industrial acquisitions and prudent capital allocation position it well for future growth.
Opportunities lie in leveraging liquidity, optimizing the portfolio, and capitalizing on favorable market conditions to drive shareholder value and sustained performance.
With a focus on value creation and portfolio optimization, Spirit Realty Capital navigates challenges, capitalizes on opportunities, and maintains a strong financial position.

Spirit Realty Capital excels in Q1, eyes strategic growth opportunities

Spirit Realty Capital's Q1 performance showcased operational excellence and strategic financial management. The company's focus on high-quality acquisitions, disposition program, and portfolio diversification positions it well for future growth. Challenges in retail and distribution real estate present opportunities for strategic expansion and value creation.

Spirit Realty Capital posts strong Q2 results amid growth optimism

Spirit Realty Capital delivered a strong Q2 performance with solid financial metrics, stable leverage, and revised guidance for AFFO per share and dispositions.
Despite challenges from interest rates, the company remains optimistic about growth, driven by strategic investments and strong tenant performance.
SRC's focus on capital deployment and portfolio management positions it well for future opportunities, leveraging existing relationships and financial resources.
Jackson Hsieh's enthusiasm reflects confidence in the company's performance and outlook, signaling a positive trajectory for Spirit Realty Capital.

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Spirit Realty Capital is a Real Estate Investment Trust (REIT) company located in Scottsdale, Arizona.  Spirit Realty Capital was formed in 2003 to acquire single tenant, “operationally essential” real estate, which refers to generally free-standing, commercial real estate facilities where our tenants conduct retail, service or distribution activities that are essential to the generation of their sales and profits.

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Spirit Realty Capital, Inc. is growing its adjusted funds from operations fast. Spirit Realty Capital's portfolio exhibits robust key metrics.

Like Passive Income? Buy Spirit Realty Capital's 6.6% Yield

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Spirit Realty offers a generous 6.4% yield. The company is reasonably levered and has been increasing exposure to industrial assets.

Looking For Yield? Spirit Realty Offers 6.4% Dividend Yield With Solid Growth

Spirit Realty Capital has seen nice share price appreciation over the past 30+ days. It exhibits healthy portfolio fundamentals and has a strong balance sheet.

Spirit Realty: Up, Up, And Away

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DALLAS--( BUSINESS WIRE )--Spirit Realty Capital, Inc. (NYSE: SRC) (“Spirit” or the “Company”), a net-lease real estate investment trust (“REIT”) that invests in single-tenant, operationally essential real estate, today announced that the Company has closed on a new, unsecured term loan facility for an aggregate amount of $500.0 million maturing on June 16, 2025, which allows funds to be drawn up to July 2, 2023. The facility also includes an accordion feature to increase the available term loan in the aggregate amount of $100.0 million (such that the term loan shall not exceed $600.0 million), subject to obtaining lender commitments and the satisfaction of certain customary conditions. Borrowing rates under the term loan are variable and subject to a ratings-based pricing grid, currently calculated as one-month Adjusted SOFR plus a 95 basis point spread based on the Company's credit rating.

Spirit Realty Capital, Inc. Announces Closing of $500.0 Million Unsecured Term Loan Facility

Spirit Realty Capital, Inc. (NYSE:SRC ) Q3 2022 Earnings Conference Call November 9, 2022 9:30 AM ET Company Participants Pierre Revol - Senior Vice President, Corporate Finance Jackson Hsieh - President and Chief Executive Officer Michael Hughes - Chief Financial Officer Ken Heimlich - Chief Investment Officer Conference Call Participants Anthony Paolone - JPMorgan R.J. Milligan - Raymond James Brad Heffern - RBC Capital Markets Josh Dennerlein - Bank of America Haendel St. Juste - Mizuho Michael Goldsmith - UBS Wes Golladay - Baird Greg McGinniss - Scotiabank John Massocca - Ladenburg Thalmann Spenser Allaway - Green Street Advisors Linda Tsai - Jefferies Chris Lucas - Capital One Ronald Kamdem - Morgan Stanley Operator Good day and welcome to Spirit Realty Capital Third Quarter 2022 Earnings Conference Call.

Spirit Realty Capital, Inc. (SRC) Q3 2022 Earnings Call Transcript

Spirit Realty (SRC) delivered FFO and revenue surprises of 1.12% and 0.42%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Spirit Realty (SRC) Surpasses Q3 FFO and Revenue Estimates

DALLAS--(BUSINESS WIRE)--Spirit Realty Capital, Inc. Announces Third Quarter of 2022 Financial and Operating Results

Spirit Realty Capital, Inc. Announces Third Quarter of 2022 Financial and Operating Results

Realty Income is a highly regarded dividend growth machine. Spirit Realty is a younger and smaller triple net lease REIT that employs a similar business model as O's.

Forget Realty Income's 4.8% Yield, Buy Spirit Realty's 6.9% Instead

Spirit Realty is scheduled to release its Q3 earnings report on November 8. Investors are eagerly anticipating whether management's macro outlook could worsen markedly. SRC was also battered in 2022, posting a YTD total return of -16.4%. However, it has also improved its reward-to-risk profile for patient investors.

Spirit Realty: At These Yields Don't Look Away

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DALLAS--(BUSINESS WIRE)--Spirit Realty Capital, Inc. Schedules Third Quarter 2022 Earnings Release and Conference Call

Spirit Realty Capital, Inc. Schedules Third Quarter 2022 Earnings Release and Conference Call

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Stock prices for Spirit Realty Capital and Essential Properties Realty Trust have fallen substantially this year. Both pay a relatively high dividend yield amongst the net lease REITs.

Comparing Spirit Realty Capital And Essential Properties Realty Trust

STORE Capital was acquired at 14x AFFO. Spirit Realty is yielding 7% and trades at only 10x AFFO.

After STORE Capital Takeout, Spirit Realty Still Yields 7% With 40% Upside

Spirit Realty is a quality net lease retail and industrial REIT with a high occupancy rate. It pays a well covered and growing dividend, and is able to unlock value through asset dispositions.

Spirit Realty: A Super 7% Yield To Turn Up The Cash Flow

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I was a net lease developer for around 20 years in which I learned the industry literally "from the ground up". I'm attracted to the very predictable income that net lease properties generate.

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Both STORE Capital and Spirit Realty Capital are investment grade triple net lease REITs. STOR has the better track record whereas SRC pays out a slightly higher dividend yield.

Better Buy: STORE Capital's 5.79% Yield Or Spirit Realty's 6.08%

DALLAS--(BUSINESS WIRE)--SPIRIT REALTY CAPITAL, INC. ANNOUNCES $800.0 MILLION UNSECURED TERM LOAN FACILITY

Spirit Realty Capital, Inc. Announces $800.0 Million Unsecured Term Loan Facility

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DALLAS--(BUSINESS WIRE)--Spirit Realty Capital, Inc. Announces Increase in Common Stock Quarterly Dividend from $0.638 per Share to $0.663 per Share

Spirit Realty Capital, Inc. Announces Increase in Common Stock Quarterly Dividend from $0.638 per Share to $0.663 per Share

News for Spirit Realty Capital Stock (SRC)