Spirit Realty Capital Inc is a company that invests in real estate by leasing properties in the United States. Their main focus is buying real estate through sale-leaseback transactions. This means that a tenant will sell their property to Spirit Realty, and then rent that same property from Spirit through a prearranged, long-term lease agreement.
Most of Spirit’s revenue comes from renting out its real estate portfolio, which mostly consists of retail properties. They earn a significant amount from renting to general merchandise companies, casual dining chains, and fast food restaurants. Spirit’s real estate assets are spread out across the United States.
Their goal is to increase stockholder value by creating a high-quality portfolio of single-tenant commercial real estate facilities and introducing innovative services that will empower their tenants to expand and grow. To this end, the company has many in-house capabilities such as acquisitions, credit, and underwriting, asset management, portfolio management, legal services, finance, accounting, and tax. These services are designed to help Spirit Realty Capital Inc maximize the value of their investments and create growth opportunities for everyone involved in their real estate transactions.
Spirit Realty Capital is headquartered in Dallas, Texas and they are listed on the New York Stock Exchange (NYSE: SRC). They strive to provide quality services and strong returns to their stockholders, as well as create economic growth in communities across the United States.