| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
141 |
| Employees |
72 |
| Revenues (TTM) (Millions $) |
754 |
| Net Income (TTM) (Millions $) |
259 |
| Cash Flow (TTM) (Millions $) |
121 |
| Capital Exp. (TTM) (Millions $) |
1,848 |
Business Description
Spirit Realty Capital Inc. is a publicly-traded real estate investment trust (REIT) that was founded in 2003, with its headquarters based in Dallas, Texas. The company is focused on acquiring and owning freestanding, single-tenant properties that are primarily leased to tenants operating in the retail, service, and healthcare industries, as well as banking and financial services.
Spirit Realty Capital has a diversified portfolio of more than 1,800 assets, comprising almost 43 million square feet of leasable space, spread across 48 states in the United States. The portfolio is primarily comprised of properties that are net-leased with long-term triple net leases, where the tenants are responsible for the majority of the operating expenses associated with the property.
The company's strategy is to acquire high-quality assets at attractive purchase prices, and then selectively deploy capital into the acquisition of additional assets, as well as the redevelopment of existing properties to improve their value. Spirit Realty Capital is known for its disciplined approach to underwriting, which includes a thorough analysis of the tenant's industry, business model, and financial health before acquiring a new property.
Spirit Realty Capital's tenant base is diverse, with a mix of well-known brands, regional operators, and smaller businesses. As of March 31, 2021, the company's top five tenants by lease percentage were ALDI, Walgreens, Circle K, O'Reilly Auto Parts, and Dollar General, with no single tenant accounting for more than 6% of the company's total annualized rental income.
Spirit Realty Capital is listed on the New York Stock Exchange under the ticker symbol "SRC", and has a market capitalization of approximately $6.5 billion as of July 2021. The company has a history of paying a dividend to shareholders, and continues to prioritize maintaining a strong and stable dividend payout over time.
Company Address: 2727 North Harwood Street Dallas 75201 TX
Company Phone Number: 476-1900 Stock Exchange / Ticker: NYSE SRC
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