SRC Stock Recent News

Spirit Realty Capital, Inc. has a well-diversified tenant portfolio with a healthy balance sheet. Attractive dividend yield of 6.84% which is well-covered; potential for increases. Spirit Realty Capital, Inc. reported strong Q1 2023 earnings; guidance for FY 2023 raised.

Triple net REITs are opportunistic on 2 fronts: Valuation is cheaper than normal. Forward growth is faster than normal.

Spirit Realty Capital, Inc. offers a high yield of 6.8% and attractive total return potential, making it a good investment option. The company has transformed its portfolio to become more resilient to e-commerce disruption and has solid operating fundamentals. With a strong balance sheet and low leverage, Spirit Realty is well-positioned to continue pursuing accretive deals.

Spirit Realty Capital, Inc. (NYSE:SRC ) Q1 2023 Earnings Conference Call May 4, 2023 9:30 AM ET Company Participants Pierre Revol – Senior Vice President-Corporate Finance and Investor Relations Jackson Hsieh – President and Chief Executive Officer Michael Hughes – Chief Financial Officer Ken Heimlich – Chief Investment Officer Conference Call Participants Michael Goldsmith – UBS Ravi Vaidya – Mizuho Ki Bin Kim – Truist Ronald Kamdem – Morgan Stanley Linda Tsai – Jefferies Josh Dennerlein – Bank of America Brad Heffern – RBC Capital Markets Wes Golladay – Baird John Massocca – Ladenburg Thalmann Spenser Allaway – Green Street Advisors Greg McGinniss – Scotiabank Operator Good day, and welcome to the Spirit Realty Capital First Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode.

Spirit Realty Capital: The Phoenix Rises (Rating Downgrade).

The rising interest rate environment has created yield opportunities for dividend investors. Spirit Realty has been aggressively increasing its industrial exposure.

DALLAS--(BUSINESS WIRE)--Spirit Realty Capital, Inc.

We're reviewing Spirit Realty Capital, one of the less-covered names in the triple net-lease space, but an excellent company with good upside. Here are the latest results put in context for future expectations, and why this company seems, to me, likely to significantly outperform expectations.

Spirit Realty is an attractive net lease REIT with a quality portfolio of mostly industrial and e-commerce resistant assets. It's seeing robust deal activity that mostly revolves around the growing industrial property segment.

O and SRC are high-yield triple net lease REITs with investment-grade credit ratings. Both recently reported Q4 results.