Spirit Realty Capital, Inc. Schedules Fourth Quarter 2020 Earnings Release and Conference Call

Rhea-AI Summary

Spirit Realty Capital, a net lease REIT (NYSE: SRC), will release its fourth quarter 2020 financial results on February 19, 2021, before market open. An earnings call will follow at 9:30 a.m. ET. As of September 30, 2020, Spirit owned 1,778 properties across 48 states, encompassing a leasable area of 37.2 million square feet, leased to 296 tenants in 28 industries. The company emphasizes that its future results are subject to risks, including market volatility and tenant performance.

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 fourth quarter ended December 31, 2020 will be released before the market opens on Friday, February 19, 2021. Spirit will host its fourth quarter earnings conference call and audio webcast on Friday, February 19, 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 March 5, 2021 with access code 13715529.
(844) 512-2921 (Domestic) / (412) 317-6671 (International)

ABOUT SPIRIT REALTY

Spirit Realty Capital, Inc. (NYSE: SRC) is a net-lease real estate investment trust (“REIT”) that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases.

As of September 30, 2020, our diverse portfolio of 1,778 owned properties, with an aggregate leasable area of 37.2 million square feet in 48 states, included retail, industrial and office buildings leased to 296 tenants across 28 retail industries.

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 “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, 2019 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.

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FAQ

When will Spirit Realty Capital report its fourth quarter 2020 results?

Spirit Realty Capital will report its fourth quarter 2020 results on February 19, 2021, before the market opens.

What time is the earnings call for Spirit Realty's fourth quarter 2020?

The earnings call is scheduled for February 19, 2021, at 9:30 a.m. Eastern Time.

How many properties does Spirit Realty Capital own?

As of September 30, 2020, Spirit Realty Capital owned 1,778 properties across 48 states.

What is the total leasable area owned by Spirit Realty Capital?

Spirit Realty Capital has a total leasable area of 37.2 million square feet.

What risks does Spirit Realty Capital face according to its press release?

The company faces risks like market volatility, tenant performance, and changes in economic conditions.