Spirit Realty Capital, Inc. Announces 2021 Dividend Tax Allocation

Rhea-AI Summary

Spirit Realty Capital (NYSE: SRC) announced the tax status of its 2021 dividends for common and preferred stock. The common stock dividends totaled $2.513 per share, including $0.625 per share allocated for the record date of December 31, 2020, and $0.638 per share for the record date of September 30, 2021. The preferred stock dividends amounted to $1.500 per share. Investors are encouraged to consult their tax advisors regarding the tax treatment of these dividends.

Positive

• Common stock dividends totaled $2.513 per share for 2021.
• Preferred stock dividends were $1.500 per share for 2021.
• Dividends support ongoing shareholder income.

Negative

• None.

DALLAS--(BUSINESS WIRE)-- Spirit Realty Capital, Inc. (NYSE: SRC) (“SRC” or “Spirit”), a premier net lease real estate investment trust (“REIT”) that invests in single-tenant, operationally essential real estate, announced today the calculation of the tax status of its 2021 common stock (CUSIP #84860W300) and Series A Preferred Stock (CUSIP# 84860W201) dividends.

The following is an allocation of the 2021 common stock (CUSIP #84860W300) dividends for United States federal income tax purposes:

Record Date		Paid Date		Dividend per Share		Ordinary Dividends(1)		Qualified Dividends		Total Capital Gain Dividends		Unrecaptured Sec. 1250 Gain Dividends		Non- Dividend Distributions		Return of Capital %
12/31/20		01/15/21		$0.62500		$0.341938		$0.000000		$0.000000		$0.000000		$0.283062		45.2899%
03/31/21		04/15/21		$0.62500		$0.341938		$0.000000		$0.000000		$0.000000		$0.283062		45.2899%
06/30/21		07/15/21		$0.62500		$0.341938		$0.000000		$0.000000		$0.000000		$0.283062		45.2899%
09/30/21		10/15/21		$0.63800		$0.349050		$0.000000		$0.000000		$0.000000		$0.288950		45.2899%
		Total		$2.51300		$1.374864		$0.000000		$0.000000		$0.000000		$1.138136		45.2899%
			(1)	The 2021 “Qualified REIT Dividends” for purposes of Internal Revenue Code Section 199A are the Ordinary Dividends less the Qualified Dividends in the table above.

The common stock dividend of $0.638 per share that was paid on January 14, 2022, with a record date of December 31, 2021, will be allocated to the 2022 tax year.

The following is an allocation of the 2021 preferred stock (CUSIP #84860W201) dividends for United States federal income tax purposes:

Record Date		Paid Date		Dividend per Share		Ordinary Dividends(1)		Qualified Dividends			Total Capital Gain Dividends		Unrecaptured Sec. 1250 Gain Dividends		Non- Dividend Distributions		Return of Capital %
03/15/21		03/31/21		$0.375000		$0.375000		$0.000000			$0.000000		$0.000000		$0.000000		0.0000%
06/15/21		06/30/21		$0.375000		$0.375000		$0.000000			$0.000000		$0.000000		$0.000000		0.0000%
09/15/21		09/30/21		$0.375000		$0.375000		$0.000000			$0.000000		$0.000000		$0.000000		0.0000%
12/15/21		12/31/21		$0.375000		$0.375000		$0.000000			$0.000000		$0.000000		$0.000000		0.0000%
		Total		$1.500000		$1.500000		$0.000000			$0.000000		$0.000000		$0.000000		0.0000%
			(1)	The 2021 “Qualified REIT Dividends” for purposes of Internal Revenue Code Section 199A are the Ordinary Dividends less the Qualified Dividends in the table above.

Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment related to SRC common and preferred stock dividends.

Additional dividend information can be obtained through the Investor Relations section of Spirit’s website at www.spiritrealty.com. For account inquiries related to your SRC dividends, please contact Spirit’s transfer agent, American Stock Transfer & 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 September 30, 2021, our diverse portfolio consisted of 1,915 owned properties across 48 states, with an aggregate leasable area of 46.7 million square feet within retail, industrial and other assets. Our properties were leased to 312 tenants operating in over 35 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 may contain forward-looking statements within the meaning of 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 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 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/20220126005780/en/

Pierre Revol

(972) 476-1403

InvestorRelations@spiritrealty.com

Source: Spirit Realty Capital, Inc.

FAQ

What was the total dividend for Spirit Realty Capital common stock in 2021?

The total dividend for Spirit Realty Capital common stock in 2021 was $2.513 per share.

When was the record date for the common stock dividend paid in 2021?

The record date for the common stock dividends paid in 2021 was December 31, 2020.

What is the total preferred stock dividend for 2021?

The total preferred stock dividend for 2021 was $1.500 per share.

How much was the common stock dividend per share for Spirit Realty Capital?

The common stock dividend was $0.638 per share for the record date of September 30, 2021.

Is there any recommended action for shareholders regarding taxes on SRC dividends?

Shareholders are encouraged to consult with their tax advisors for specific tax treatment related to SRC dividends.