SRC Stock Recent News

Realty Income has agreed to buy peer Spirit Realty in an all-stock deal. It will take on Spirit's $4.1 billion in debt.

Realty Income pays a high-yielding, steadily rising dividend. The REIT also has an excellent track record of growing its cash flow.

Realty Income is the largest net lease REIT. Realty Income has inked a deal to buy peer Spirit Realty, resulting in a quick spike in Spirit's share price.

Realty Income Corporation is set to acquire Spirit Realty Capital Inc., causing Spirit Realty Capital's stock price to surge 8%. Realty Income's stock price fell 6% due to the transaction risk, but the acquisition is expected to strengthen its core retail business and grow its industrial operations. The acquisition is seen as a positive move for Realty Income, with the potential for increased diversification and improved financial performance.

Realty Income Corporation's acquisition of Spirit Realty Capital, Inc. received a negative market reaction, causing a drop in Realty Income's stock price. The acquisition is done in all stock and is immediately accretive to Realty Income's AFFO/share. The market's negative reaction may stem from an unrealistic view of Realty Income's portfolio and the dilution of its perceived quality.

Realty Income Corp. (O), a commercial real estate investment trust (REIT), said it would acquire a single-tenant specialized REIT, Spirit Realty Capital (SRC), in an all-stock transaction valued at about $9.3 billion.

A well-known REIT is buying out Spirit Realty. Realty Income says it will add 2.5% annually to its adjusted funds from operations.

Realty Income Corporation is merging with Spirit Realty Capital, Inc. in a $9.3 billion all-stock deal, accounting for 15% of Realty Income's market cap. The deal poses theoretical risks for Realty Income, including paying above the fair value of the joint business and the challenge of integrating large portfolios. Yet, the merger is expected to have positive immediate effects on Realty Income's organic AFFO on a per share basis. The bar for immediate synergies is low.

Spirit Realty Capital (NYSE: SRC ) stock is taking off on Monday as investors react to a $9.3 billion acquisition deal with Realty Income (NYSE: O ). Investors will note that the acquisition agreement between these two companies will result in Realty Income acquiring Spirit Realty Capital in an all-stock transaction.

Realty Income Corporation has thrown a curveball in acquiring Spirit Realty Capital, Inc., diluting current shareholders, but this is expected to be accretive on a leverage-neutral basis. The merger will result in increased diversification and lower rent concentration for Realty Income. Following the merger, Realty Income will become the 4th largest REIT in the S&P 500 by enterprise value.