Spirit Rlty Cap Inc Stock Price, News & Analysis

Spirit Realty Capital, Inc. (NYSE: SRC) will announce its first quarter financial results for the period ended March 31, 2023, after market close on May 3, 2023. A conference call and audio webcast to discuss these results will take place on May 4, 2023, at 9:30 a.m. Eastern Time. As of December 31, 2022, Spirit's portfolio included 2,115 properties across 49 states, with a remarkable occupancy rate of approximately 99.9%. Spirit specializes in single-tenant, operationally essential real estate, making it a significant player in the net-lease REIT sector. More information can be accessed through their investor relations page at www.spiritrealty.com.

Spirit Realty Capital (NYSE: SRC) reported solid financial results for Q4 2022, with a net income per share of $0.48, up from $0.34 year-over-year. The Funds from Operations (FFO) per share was $0.87, while the Adjusted FFO (AFFO) per share was $0.88, slightly increasing from $0.85 in the previous year. The company invested $350.8 million in property acquisitions and generated $134.8 million from divestitures. Maintaining a robust occupancy rate of 99.9%, Spirit also declared a quarterly cash dividend of $0.663 per common share. For 2023, the company expects AFFO per share guidance of $3.53 to $3.59.

Spirit Realty Capital, Inc. (NYSE: SRC) announced a quarterly cash dividend of $0.663 per common share, equating to an annualized rate of $2.652. Stockholders on record as of March 31, 2023, will receive the dividend on April 14, 2023. Additionally, a dividend of $0.3750 per share was declared for holders of the 6.00% Series A Cumulative Redeemable Preferred Stock, payable on March 31, 2023, to record holders as of March 15, 2023. The company's diverse portfolio includes 2,118 properties across 49 states, with an occupancy rate of approximately 99.8%.

Spirit Realty Capital (NYSE: SRC) is set to disclose its fourth quarter financial results for the period ending December 31, 2022, on February 28, 2023, before market opens. An earnings conference call will follow at 9:30 a.m. ET on the same day. As of September 30, 2022, Spirit's portfolio included 2,118 properties across 49 states with an impressive occupancy rate of approximately 99.8%, serving 346 tenants in 34 industries. The Company is a leading net-lease real estate investment trust focusing on operationally essential real estate assets leased long-term.

Spirit Realty Capital (NYSE: SRC) announced the tax allocation for its 2022 dividends for common and preferred stock. The common stock dividends of $0.663 per share, paid on January 13, 2023, with a record date of December 30, 2022, will be allocated to the 2023 tax year. Total dividends for common stock reached $2.577 per share, with ordinary dividends of $2.412254. For preferred stock, a total of $1.500000 was declared, with ordinary dividends at $1.436636. Investors are advised to consult tax advisors regarding specific tax treatments concerning their SRC holdings.