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SPIRIT REALTY CAPITAL, INC.

(SRC)
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Spirit Realty Capital, Inc. : Schedules Third Quarter 2021 Earnings Release and Conference Call

09/16/2021 | 04:07pm EDT

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 financial and operating results for the third quarter ended September 30, 2021 will be released after the market closes on Tuesday, November 2, 2021. Spirit will host its third quarter earnings conference call and audio webcast on Wednesday, November 3, 2021 at 9:30 a.m. Eastern Time.

Interested parties can listen to the call via the following:

INTERNET: Go to www.spiritrealty.com and select the investor relations page at least 15 minutes prior to the start time of the call to register, download and install any necessary audio software.

PHONE: No access code required.
(877) 407-9208 (Domestic) / (201) 493-6784 (International)

REPLAY: Available through Wednesday November 17, 2021 with access code 13723286
(844) 512-2921 (Domestic) / (412) 317-6671 (International)

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, 2021, our diverse portfolio consisted of 1,887 owned properties across 48 states, with an aggregate leasable area of 45.3 million square feet within retail, industrial, office and other buildings. Our properties were leased to 306 tenants operating in over 28 industries. 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 contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. When used in this press release, the words “estimate,” “anticipate,” “expect,” “believe,” “intend,” “may,” “will,” “should,” “seek,” “approximately” or “plan,” or the negative of these words or similar words or phrases that are predictions of or indicate future events or trends and which do not relate solely to historical matters are intended to identify forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions of management. Forward-looking statements involve numerous risks and uncertainties and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise, and Spirit may not be able to realize them. Spirit does not guarantee that the transactions and 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 CPI; 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 for the year ended December 31, 2020 and subsequent Quarterly Reports on Form 10-Q. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. While forward-looking statements reflect Spirit's good faith beliefs, they are not guarantees of future performance. Spirit disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes, except as required by law.


© Business Wire 2021
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Financials (USD)
Sales 2021 608 M - -
Net income 2021 167 M - -
Net Debt 2021 2 952 M - -
P/E ratio 2021 33,9x
Yield 2021 5,19%
Capitalization 5 799 M 5 799 M -
EV / Sales 2021 14,4x
EV / Sales 2022 13,4x
Nbr of Employees -
Free-Float 94,0%
Chart SPIRIT REALTY CAPITAL, INC.
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Spirit Realty Capital, Inc. Technical Analysis Chart | SRC | US84860W3007 | MarketScreener
Technical analysis trends SPIRIT REALTY CAPITAL, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 48,69 $
Average target price 54,43 $
Spread / Average Target 11,8%
EPS Revisions
Managers and Directors
Jackson Hsieh President, Chief Executive Officer & Director
Michael C. Hughes Chief Financial Officer & Executive Vice President
Richard I. Gilchrist Chairman
Kenneth Heimlich Chief Investment Officer & Executive VP
Kevin M. Charlton Independent Director
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