Spirit Realty Capital, Inc. Schedules Second Quarter 2022 Earnings Release and Conference Call

Rhea-AI Summary

Spirit Realty Capital, Inc. (NYSE: SRC) will release its financial and operating results for Q2 2022 after market close on August 3, 2022. A conference call is scheduled for August 4, 2022, at 9:30 AM ET. Spirit primarily invests in single-tenant, operationally essential properties, boasting a portfolio of 2,039 properties with a 99.8% occupancy rate, leased to 334 tenants across 35 industries as of March 31, 2022. The company emphasizes its focus on long-term leases and operational efficiency.

Positive

• Portfolio occupancy rate at 99.8% as of March 31, 2022.
• Diverse portfolio with 2,039 properties across 49 states.
• Strong tenant base with 334 tenants operating in 35 industries.

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 second quarter ended June 30, 2022 will be released after the market closes on Wednesday, August 3, 2022. Spirit will host its second quarter earnings conference call and audio webcast on Thursday, August 4 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 information 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.
(855) 327-6837 (Domestic) / (631) 891-4304 (International)

REPLAY: Available through Thursday, August 18, 2022 with access code 10019653
(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 March 31, 2022, our diverse portfolio consisted of 2,039 retail, industrial and other properties across 49 states, which were leased to 334 tenants operating in 35 industries. As of March 31, 2022, our properties were approximately 99.8% 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 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 for the year ended December 31, 2021 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/20220705005787/en/

INVESTOR CONTACT

Pierre Revol

(972) 476-1403

InvestorRelations@spiritrealty.com

Source: Spirit Realty Capital, Inc.

FAQ

What date will Spirit Realty announce its Q2 2022 results?

Spirit Realty will announce its Q2 2022 results after market close on August 3, 2022.

When is the conference call for Spirit Realty's Q2 earnings?

The conference call for Spirit Realty's Q2 earnings is scheduled for August 4, 2022, at 9:30 AM ET.

What is the current occupancy rate of Spirit Realty's portfolio?

Spirit Realty's portfolio occupancy rate is 99.8% as of March 31, 2022.

How many properties does Spirit Realty Capital own?

As of March 31, 2022, Spirit Realty Capital owns 2,039 properties.

Which industries do Spirit Realty's tenants operate in?

Spirit Realty's tenants operate in 35 different industries.