Spirit Realty Capital, Inc. Overview
Pro stress-test →Spirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease real estate investment trust (REIT) that primarily invests in high-quality, operationally essential real estate, subject to long-term, net leases. Founded in 2003, Spirit has a proven growth strategy with a track record of creating value even in challenging economic cycles.
Strategic Profile
Pro stress-test →Spirit Realty Capital Inc (NYSE: SRC) is a leading triple net lease REIT with a diversified portfolio spanning retail, industrial, and specialty properties nationwide. As of January 23, 2024, Spirit Realty Capital, Inc. operates as a subsidiary of Realty Income Corporation. The company maintains a diversified tenant base and strong occupancy metrics while operating under its parent company.
Competitive Landscape
Pro stress-test →Over the past decade, Spirit has become an industry leader and owner of income-producing, strategically located retail, industrial and office properties providing superior risk adjusted returns and steady dividend growth for shareholders. The company competes with other net-lease REITs including Realty Income (now parent), Lexington Realty Trust, STORE Capital, and Four Corners Property Trust in the single-tenant, net-lease real estate market.
Industry Context
Spirit Realty Capital, Inc. operates in Triple-net lease REITs.
Key facts
Founded: 2003 · Headquarters: Dallas, US · Employees: 58 · Revenue: $748.8M · Market cap: N/A