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DALLAS, February 15, 2022–(BUSINESS WIRE)–Spirit Realty Capital, Inc. (NYSE: SRC) (“Spirit” or the “Company”), a net leasehold real estate investment trust (“REIT”) that invests in tenant properties unique, operationally critical real estate, today announced that its Board of Directors on February 9, 2022 declared a quarterly cash dividend of $0.6380 per common share, or an annualized rate of $2.552 per common share . Shareholders of record as of Thursday March 31, 2022 will receive the cash dividend on Thursday April 14, 2022.
The Board of Directors also declared a quarterly cash dividend of $0.3750 per share to the holders of the Company’s Series A 6.00% Cumulative Redeemable Preferred Shares. Preferred shareholders of record as of Tuesday, March 15, 2022 will receive the cash dividend on Thursday, March 31, 2022.
Information relating to Spirit’s dividends may 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 REAL ESTATE SPIRIT
Spirit Realty Capital, Inc. (NYSE: SRC) is a leading net-leasehold REIT that invests primarily in single-tenant, operationally critical real estate assets, subject to long-term leases.
As of December 31, 2021, our diverse portfolio consisted of 2,003 commercial, industrial and other properties in 49 states, which were leased to 321 tenants operating in 35 sectors. As of December 31, 2021, our properties were approximately 99.8% occupied. Further information about Spirit Realty Capital is available 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 laws. These forward-looking statements can be identified by the use of words and phrases such as “preliminary”, “expect”, “plan”, “will”, “estimate”, “project”, “intend”. of’, ‘believe’, ‘advice’, ‘about’, ‘anticipate’, ‘may’, ‘should’, ‘seek’, or the negative form of these words and phrases or similar words or phrases that predict or indicate future events or trends and which do not relate to historical matters but are intended to identify forward-looking statements. You can also identify forward-looking statements by discussions of management’s strategy, plans or intentions. These forward-looking statements are subject to known and unknown risks and uncertainties that you should not rely on to predict 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 occur as described (or that they will occur 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; financial market volatility and uncertainty, including potential fluctuations in the consumer price index; Spirit’s success in implementing its business strategy and its ability to identify, underwrite, finance, complete, integrate and manage acquisitions or diversified investments; the financial performance of Spirit’s tenant retailers and demand for retail space, particularly with respect to challenges faced by general merchandise retailers; Spirit’s ability to diversify its tenant base; the nature and extent of future competition; increases in Spirit’s borrowing costs due to changes in interest rates and other factors; Spirit’s ability to access debt and equity capital markets; Spirit’s ability to repay, 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 if Spirit exercises its rights of replace existing tenants in the event of default; the impact of any financial, accounting, legal or regulatory issues or disputes 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 Tax Code 1986, as amended; the impact on Spirit’s business and that of its tenants of epidemics, pandemics or other outbreaks of illnesses, diseases or viruses (such as the strain of coronavirus known as COVID-19); and other risks inherent in the real estate business, including tenant defaults, potential liability related to environmental issues, illiquidity of real estate investments and potential damage from natural disasters discussed in Spirit’s latest filings with of 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 available information and speak only as of the date they were made. Although 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 any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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