Welcome to our dedicated page for Spirit Rlty Cap news (Ticker: SRC), a resource for investors and traders seeking the latest updates and insights on Spirit Rlty Cap stock.
This page provides a historical news archive for Spirit Realty Capital, Inc. (formerly NYSE: SRC), a net-lease real estate investment trust that invested in single-tenant, operationally essential commercial properties. The news flow around SRC is closely tied to its role as a net-lease REIT and to its subsequent merger with Realty Income Corporation.
In this archive, readers can review company announcements about dividends, including quarterly cash dividends on common stock and on the 6.00% Series A Cumulative Redeemable Preferred Stock, as well as later communications from Realty Income detailing the tax allocation of Spirit’s 2023 and 2024 common and preferred stock distributions. These items are useful for understanding historical income characteristics and tax treatment of SRC-related payouts.
The news feed also captures key milestones in Spirit’s corporate history, such as the definitive merger agreement with Realty Income announced in October 2023, the shareholder vote in January 2024 approving the transaction, and Realty Income’s announcement on January 23, 2024 that it had closed the all-stock merger and that Spirit’s common and preferred stock would cease trading on the NYSE after January 22, 2024.
Earlier releases in the archive highlight Spirit’s financial and operating results, including quarterly earnings updates, occupancy metrics and portfolio statistics for its retail, industrial and other properties across 49 states. Together, these articles document how Spirit operated as a net-lease REIT prior to its combination with Realty Income. Investors and researchers can use this page to trace SRC’s historical developments, from portfolio performance and dividend decisions to the steps leading up to its integration into Realty Income.
Spirit Realty Capital (NYSE: SRC) released its preliminary estimates for 2021 and guidance for 2022, highlighting strong capital deployment and growth in acquisitions. For Q4 2021, the expected AFFO per share ranges from $0.84 to $0.85, with an annual estimate of $3.30 to $3.31. The company invested $487.9 million in Q4 and $1.3 billion for the year. Guidance for 2022 includes an AFFO per share of $3.52 to $3.58, with capital deployment projected between $1.3 billion to $1.5 billion. Corporate liquidity stood at $532.1 million as of December 31, 2021.
Spirit Realty Capital (NYSE: SRC) announced a quarterly cash dividend of $0.6380 per common share, with an annualized rate of $2.552 per share, payable on January 14, 2022 to stockholders of record as of December 31, 2021. Additionally, a dividend of $0.3750 per share was declared for its 6.00% Series A Cumulative Redeemable Preferred Stock, payable on December 31, 2021. The REIT holds a diverse portfolio of 1,915 properties across 48 states, leased to 312 tenants across various industries.
Spirit Realty Capital reported strong financial results for Q3 2021, with net income reaching $0.32 per share, FFO at $0.87, and AFFO at $0.84. The company invested $294.2 million in acquisitions, purchasing 31 properties with a 7.27% initial cash yield. Spirit also generated $7.6 million from the sale of three vacant properties. The firm issued 4.2 million shares for $190.9 million and maintained a solid occupancy rate of 99.7%. Additionally, a credit rating upgrade from Moody’s to Baa2 reflects improved financial health. A quarterly cash dividend of $0.638 per share was declared.
Spirit Realty Capital, Inc. (NYSE: SRC) will release its third-quarter financial results for 2021 after market closure on November 2, 2021. The earnings conference call is set for November 3, 2021, at 9:30 a.m. ET. As of June 30, 2021, Spirit owned 1,887 properties across 48 states, covering 45.3 million square feet, leased to 306 tenants in over 28 industries. The company primarily invests in single-tenant, operationally essential real estate assets, thereby maintaining a diversified portfolio.
Spirit Realty Capital (SRC) reported strong Q2 2021 results, featuring a 2% increase in its quarterly common stock cash dividend to $0.638 per share, leading to an annualized rate of $2.552. The company achieved a net income of $0.74 per share compared to a loss in the prior year, with FFO at $1.00 and AFFO at $0.86. Investments totaled $283.7 million for 18 properties, with a weighted average cash yield of 7.07%. Spirit also raised its AFFO guidance for 2021 to $3.24 to $3.30 per share.
Spirit Realty Capital (NYSE: SRC) will release its Q2 2021 financial and operational results on August 3, 2021, after market close. A conference call is scheduled for August 4, 2021, at 9:30 a.m. ET. Spirit specializes in net lease real estate, focusing on single-tenant, operationally essential properties. As of March 31, 2021, Spirit's portfolio included 1,880 properties across 48 states, covering 42.9 million square feet and leasing to 301 tenants in 28 retail sectors.
Spirit Realty Capital (NYSE: SRC) declared a quarterly cash dividend of $0.625 per common share, amounting to an annualized rate of $2.50. Record holders as of June 30, 2021, will receive their dividends on July 15, 2021. Additionally, a quarterly cash dividend of $0.3750 per share was declared for the Company’s 6.00% Series A Cumulative Redeemable Preferred Stock, payable on June 30, 2021. As of March 31, 2021, Spirit owned 1,880 properties across 48 states, emphasizing its substantial presence in essential real estate.
Spirit Realty Capital (NYSE: SRC) reported its Q1 2021 results, highlighting significant acquisitions and financial strategies. The company invested $191.5 million in 25 properties with an initial yield of 7.57%. Despite a net loss of $(0.04) per share, improved operational metrics included a 99.5% occupancy rate. The company announced a quarterly dividend of $0.625 per common share and raised its AFFO guidance for 2021 to $3.06 to $3.14 per share. Corporate liquidity stood at $1.3 billion as of March 31, 2021.
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Spirit Realty Capital, a net lease REIT, will release its financial results for Q1 2021 on May 5, 2021, after market close. An earnings conference call is scheduled for May 6, 2021, at 9:30 a.m. ET. The company holds a diverse portfolio of 1,860 properties across 48 states, covering 40.7 million square feet. These assets are leased to 301 tenants in various retail sectors. Spirit Realty emphasizes its focus on operationally essential real estate, maintaining a robust strategy despite market volatilities.