Spirit Realty Capital, Inc. Schedules First Quarter 2023 Earnings Release and Conference Call

Rhea-AI Summary

Spirit Realty Capital, Inc. (NYSE: SRC) will announce its first quarter financial results for the period ended March 31, 2023, after market close on May 3, 2023. A conference call and audio webcast to discuss these results will take place on May 4, 2023, at 9:30 a.m. Eastern Time. As of December 31, 2022, Spirit's portfolio included 2,115 properties across 49 states, with a remarkable occupancy rate of approximately 99.9%. Spirit specializes in single-tenant, operationally essential real estate, making it a significant player in the net-lease REIT sector. More information can be accessed through their investor relations page at www.spiritrealty.com.

Positive

• Portfolio occupancy rate at approximately 99.9%
• Diverse portfolio of 2,115 properties across 49 states
• Specializes in operationally essential real estate assets

Negative

• None.

DALLAS--(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, today announced that financial and operating results for the first quarter ended March 31, 2023 will be released after the market closes on Wednesday, May 3, 2023. Spirit will host its first quarter earnings conference call and audio webcast on Thursday, May 4, 2023 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 corporate profile page under investor relations 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.
(844) 746-0748 (Domestic) / (412) 317-5108 (International)

REPLAY: Available through Thursday, May 18, 2023 with access code 10177713
(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 December 31, 2022, our diverse portfolio consisted of 2,115 retail, industrial and other properties across 49 states, which were leased to 351 tenants operating in 34 industries. As of December 31, 2022, our properties were approximately 99.9% 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/20230410005404/en/

Investor Relations

(972) 476-1403

InvestorRelations@spiritrealty.com

Source: Spirit Realty Capital, Inc.

FAQ

When will Spirit Realty Capital release its first quarter 2023 results?

Spirit Realty Capital will release its first quarter 2023 results after market close on May 3, 2023.

What time is the earnings call for Spirit Realty Capital's first quarter 2023 results?

The earnings call is scheduled for May 4, 2023, at 9:30 a.m. Eastern Time.

What is the occupancy rate of Spirit Realty Capital's properties as of December 31, 2022?

As of December 31, 2022, Spirit Realty Capital reported an occupancy rate of approximately 99.9%.

How many properties does Spirit Realty Capital own?

Spirit Realty Capital owned 2,115 properties as of December 31, 2022.

Where can I find more information about Spirit Realty Capital?

More information can be found on Spirit Realty Capital's investor relations page at www.spiritrealty.com.