Spirit Realty Capital, Inc. Announces Increase in Common Stock Quarterly Dividend from $0.638 per Share to $0.663 per Share
August 09 2022 - 6:30AM
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,
announced today that its Board of Directors declared an increase in
the Company’s quarterly common stock cash dividend on August 8,
2022 from $0.638 per share to $0.663 per share, an increase of
3.9%, representing a new annualized rate of $2.652 per share.
Stockholders of record as of Friday, September 30, 2022 will
receive the cash dividend on Friday, October 14, 2022.
The Board of Directors also declared a quarterly cash dividend
of $0.3750 per share to holders of the Company’s 6.00% Series A
Cumulative Redeemable Preferred Stock. Preferred stockholders of
record as of Thursday, September 15, 2022 will receive the cash
dividend on Friday, September 30, 2022.
Information pertaining to Spirit’s dividends can be obtained
through the investor relations section of the Company’s website at
www.spiritrealty.com. For account inquiries relating to Spirit’s
quarterly dividends, please contact Spirit’s transfer agent,
American Stock Transfer & Trust Company, LLC at (866)
703-9065.
ABOUT SPIRIT REALTY
Spirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease
REIT that primarily invests in single-tenant, operationally
essential real estate assets, subject to long-term leases.
As of June 30, 2022, our diverse portfolio consisted of 2,078
retail, industrial and other properties across 49 states, which
were leased to 342 tenants operating in 35 industries. As of June
30, 2022, our properties were approximately 99.8% occupied. More
information about Spirit Realty Capital can be found on the
investor relations page of the Company's website at
www.spiritrealty.com.
FORWARD-LOOKING AND CAUTIONARY STATEMENTS
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as
amended, the Private Securities Litigation Reform Act of 1995 and
other federal securities laws. These forward-looking statements can
be identified by the use of words and phrases such as
"preliminary," "expect," "plan," "will," "estimate," "project,"
"intend," "believe," "guidance," "approximately," "anticipate,"
"may," "should," "seek," or the negative of these words and phrases
or similar words or phrases that are predictions of or indicate
future events or trends and that do not relate to historical
matters but are meant to identify forward-looking statements. You
can also identify forward-looking statements by discussions of
strategy, plans or intentions of management. These forward-looking
statements are subject to known and unknown risks and uncertainties
that you should not rely on as predictions of future events.
Forward-looking statements depend on assumptions, data and/or
methods which may be incorrect or imprecise, and Spirit may not be
able to realize them. Spirit does not guarantee that the events
described will happen as described (or that they will happen at
all). The following risks and uncertainties, among others, could
cause actual results and future events to differ materially from
those set forth or contemplated in the forward-looking statements:
industry and economic conditions; volatility and uncertainty in the
financial markets, including potential fluctuations in the Consumer
Price Index; Spirit's success in implementing its business strategy
and its ability to identify, underwrite, finance, consummate,
integrate and manage diversifying acquisitions or investments; the
financial performance of Spirit's retail tenants and the demand for
retail space, particularly with respect to challenges being
experienced by general merchandise retailers; Spirit's ability to
diversify its tenant base; the nature and extent of future
competition; increases in Spirit's costs of borrowing as a result
of changes in interest rates and other factors; Spirit's ability to
access debt and equity capital markets; Spirit's ability to pay
down, refinance, restructure and/or extend its indebtedness as it
becomes due; Spirit's ability and willingness to renew its leases
upon expiration and to reposition its properties on the same or
better terms upon expiration in the event such properties are not
renewed by tenants or Spirit exercises its rights to replace
existing tenants upon default; the impact of any financial,
accounting, legal or regulatory issues or litigation that may
affect Spirit or its major tenants; Spirit's ability to manage its
expanded operations; Spirit's ability and willingness to maintain
its qualification as a REIT under the Internal Revenue Code of
1986, as amended; the impact on Spirit’s business and those of its
tenants from epidemics, pandemics or other outbreaks of illness,
disease or virus (such as the strain of coronavirus known as
COVID-19); and other risks inherent in the real estate business,
including tenant defaults, potential liability relating to
environmental matters, illiquidity of real estate investments and
potential damages from natural disasters discussed in Spirit's most
recent filings with the Securities and Exchange Commission ("SEC"),
including its Annual Report on Form 10-K and subsequent Quarterly
Reports on Form 10-Q. You are cautioned not to place undue reliance
on forward-looking statements which are based on information that
was available, and speak only, as of the date on which they were
made. While forward-looking statements reflect Spirit's good faith
beliefs, they are not guarantees of future performance. Spirit
expressly disclaims any responsibility to update or revise
forward-looking statements whether as a result of new information,
future events or otherwise, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220809005299/en/
INVESTOR CONTACT Pierre Revol (972) 476-1403
InvestorRelations@spiritrealty.com
Spirit Realty Capital (NYSE:SRC)
Historical Stock Chart
From Apr 2024 to May 2024
Spirit Realty Capital (NYSE:SRC)
Historical Stock Chart
From May 2023 to May 2024