SRC Stock Recent News

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.

Spirit Realty Capital, Inc. (SRC) Q4 2022 Earnings Conference Call February 28, 2023 9:30 AM ET Corporate Participants Pierre Revol - Senior Vice President, Corporate Finance Jackson Hsieh - President and Chief Executive Officer Michael Hughes - Chief Financial Officer Ken Heimlich - Chief Investment Officer Conference Call Participants Wes Golladay - Baird Haendel St. Juste - Mizuho Michael Goldsmith - UBS Greg McGinniss - Scotiabank Brad Heffern - RBC Capital Markets Josh Dennerlein - Bank of America Rob Stevenson - Janney Harsh Hemnani - Green Street R.J. Milligan - Raymond James Ronald Kamdem - Morgan Stanley John Massocca - Ladenburg Thalmann Linda Tsai - Jefferies Operator Good day and welcome to The Spirit Realty Capital Fourth Quarter 2022 Earnings Conference Call.

Spirit Realty (SRC) delivered FFO and revenue surprises of -1.12% and 0.84%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Spirit Realty is paying out a 6% yield that's been growing over the last two years against the torrid macroeconomic context. The yield is supported by a strong triple net-lease portfolio and is fully covered by FFO.

DALLAS--( BUSINESS WIRE )--Spirit Realty Capital, Inc. (NYSE: SRC) ("Spirit" or the "Company"), a net-lease real estate investment trust ("REIT") that invests in single-tenant, operationally essential real estate, today announced that financial and operating results for the fourth quarter ended December 31, 2022 will be released before the market opens on Tuesday, February 28, 2023. Spirit will host its fourth quarter earnings conference call and audio webcast on Tuesday, February 28, 2023 at 9:30 a.m. Eastern Time.

I don't consider M&A a catalyst for stock picking, unless, of course, there's an Activist behind the noise. So in this article, let's just say that I'm a suggest-ivist.