STOCK TITAN

Spirit Rlty Cap Inc Stock Price, News & Analysis

SRC NYSE

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.

Spirit Realty Capital Inc (NYSE: SRC) is a leading triple net lease REIT with a diversified portfolio spanning retail, industrial, and specialty properties nationwide. This page serves as your central hub for official company announcements, financial updates, and strategic developments.

Investors and analysts will find curated press releases covering quarterly earnings, portfolio acquisitions, and leadership initiatives. Our collection emphasizes SRC's data-driven approach to commercial real estate and its focus on long-term tenant relationships through triple net lease structures.

Key updates include property portfolio expansions, capital market activity, and operational milestones. All content is verified through primary sources to ensure accuracy and compliance with financial disclosure standards.

Bookmark this page for direct access to SRC's latest verified news. Combine these updates with market analysis tools for comprehensive investment research.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.14%
Tags
dividends
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.23%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.85%
Tags
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
Tags
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.99%
Tags
dividends
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.59%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
Tags

FAQ

What is the market cap of Spirit Rlty Cap (SRC)?

The market cap of Spirit Rlty Cap (SRC) is approximately 6.0B.
Spirit Rlty Cap Inc

NYSE:SRC

SRC Rankings

SRC Stock Data

5.99B
140.11M
0.89%
99.26%
1.35%
REIT - Diversified
Real Estate
Link
United States
Dallas