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Spirit Realty Capital Inc - SRC STOCK NEWS

Welcome to our dedicated news page for Spirit Realty Capital (Ticker: SRC), a resource for investors and traders seeking the latest updates and insights on Spirit Realty Capital.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Spirit Realty Capital's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Spirit Realty Capital's position in the market.

News
Realty Income Announces 2023 Dividend Tax Allocation for Realty Income Corporation and Spirit Realty Capital, Inc.
Rhea-AI Summary
Realty Income Corporation (NYSE: O) has announced the final calculation of the dividend tax status for its 2023 common stock dividends. A portion of the common stock dividend is considered a non-taxable distribution for both Realty Income and Spirit Realty Capital, Inc. Shareholders are encouraged to consult with their tax advisors for specific tax treatment.
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Realty Income Closes Merger with Spirit Realty Capital
Rhea-AI Summary
Realty Income Corporation (NYSE: O) has completed the merger with Spirit Realty Capital, Inc. (NYSE: SRC) in an all-stock transaction. The common stock of the combined company will trade under the symbol 'O' on the NYSE. Spirit common stockholders received 0.762 shares of Realty Income common stock for each share of Spirit common stock. The final day of trading for Spirit's common and preferred stock on the NYSE was January 22, 2024. The merger is immediately accretive on a leverage neutral basis and is expected to deliver growth objectives in 2024. Wells Fargo, Latham & Watkins LLP, Bank of America, Barclays, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and Wachtell, Lipton, Rosen & Katz were the financial and legal advisors for the transaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
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acquisition
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Spirit Realty Capital Shareholders Approve Realty Income Merger
Rhea-AI Summary
Realty Income Corporation (NYSE: O) and Spirit Realty Capital, Inc. (NYSE: SRC) have announced that Spirit stockholders have approved all necessary proposals for the closing of the previously announced merger, with approximately 99.8% of the votes cast in favor of the merger. The merger is expected to close on January 23, 2024, and at the closing, Spirit common shareholders will receive 0.762 newly-issued Realty Income common shares for each Spirit common share they own. Additionally, all of Spirit’s outstanding shares of Series A Cumulative Redeemable Preferred Stock will be exchanged for shares of Realty Income Series A Cumulative Redeemable Preferred Stock.
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acquisition
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Spirit Realty Capital Shareholders Approve Realty Income Merger
Rhea-AI Summary
Realty Income Corporation (NYSE: O) and Spirit Realty Capital, Inc. (NYSE: SRC) have announced that Spirit stockholders have approved all necessary proposals for the merger with Realty Income. Approximately 99.8% of the votes cast were in favor of the merger, representing about 86.4% of the outstanding shares of Spirit common stock. The merger is expected to close on January 23, 2024, with Spirit common shareholders receiving 0.762 newly-issued Realty Income common shares for each Spirit common share they own. Additionally, Spirit's outstanding shares of Series A Cumulative Redeemable Preferred Stock will be exchanged for shares of Realty Income Series A Cumulative Redeemable Preferred Stock, trading under the symbol 'O PR' on the NYSE.
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Spirit Realty Capital, Inc. Announces Quarterly Cash Dividend for Common and Preferred Stock
Rhea-AI Summary
Spirit Realty Capital, Inc. (NYSE: SRC) declared a quarterly cash dividend of $0.6696 per common share, representing an annualized rate of $2.6784 per common share. Stockholders of record as of December 28, 2023, will receive the cash dividend on January 12, 2024. The Board of Directors also declared a quarterly cash dividend of $0.3750 per share to holders of the Company’s 6.00% Series A Cumulative Redeemable Preferred Stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.27%
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dividends
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Spirit Realty Capital, Inc. Announces Third Quarter of 2023 Financial and Operating Results
Rhea-AI Summary
Spirit Realty Capital, Inc. (NYSE: SRC) reported its financial and operating results for Q3 2023. Key highlights include a net income of $0.25 per diluted share, FFO per share of $0.92, and AFFO per share of $0.93. The company increased its quarterly common stock dividend by 1.0% to $0.6696 per share. Spirit Realty invested $124.6 million in acquisitions and revenue-producing expenditures and generated $73.9 million in gross proceeds from dispositions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.35%
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earnings
News
Realty Income to Acquire Spirit Realty Capital in $9.3 Billion Transaction
Rhea-AI Summary
Realty Income Corporation (NYSE: O) has entered into a definitive merger agreement to acquire Spirit Realty Capital, Inc. (NYSE: SRC) in an all-stock transaction valued at approximately $9.3 billion. The merger is expected to deliver over 2.5% accretion to Realty Income's annualized Adjusted Funds from Operations (AFFO) per share. The combined company will have an enterprise value of approximately $63 billion, enhancing Realty Income's size, scale, and diversification for future growth. Spirit shareholders will receive 0.762 newly-issued Realty Income common shares for each Spirit common share they own. The merger is subject to customary closing conditions and is expected to close in Q1 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.67%
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Spirit Realty Capital, Inc. Schedules Third Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
Spirit Realty Capital, Inc. to release Q3 2023 financial and operating results on November 2, 2023
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-0.74%
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Spirit Realty Capital, Inc. Announces Increase in Common Stock Quarterly Dividend from $0.6630 per Share to $0.6696 per Share
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0.13%
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dividends
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Spirit Realty Capital, Inc. Announces Second Quarter of 2023 Financial and Operating Results
Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
0.08%
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earnings
Stock SRC logo
Spirit Realty Capital Inc

NYSE:SRC

SRC Rankings

N/A Ranked by Market Cap
#3130 Ranked by Stock Gains
N/A Ranked by Dividends

SRC Stock Data

5.99B
139.81M
0.89%
99.26%
1.35%
Other Financial Vehicles
Finance and Insurance
Link
US
Scottsdale

About SRC

we are spirit realty capital, inc. (nyse: src), a publicly traded triple net lease real estate investment trust (reit) — one of the largest in the country. our gross real estate investment portfolio is approximately $8.2 b, with investments in over 2,600 properties leased to more than 430 tenants in 30 different industries across 49 states. our clients range from well-known retail brands to special-use, office and industrial facilities. founded in 2003, spirit has a proven growth strategy with a track record of creating value even in challenging economic cycles. we apply time-tested investment and portfolio strategies that employ data analysis to monitor industry trends and manage risk. keeping up with key real estate metrics allows us to offer some of the most attractive rates in the country. we have the flexibility to structure leases to meet the needs of our tenants. we are a premier reit in the dallas metro area and one of only two non-mortgage publicly traded reits headquartered i