Spirit Realty Capital (SRC) Misses Q2 EPS by 2c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/13/2026
- S&P 500 notches record-high close as rate-hike worries ease
- Oil settles down 2% on weak demand outlook, hefty US crude build
- BofA lifts server CPU TAM to $210bn+ on the rise of AI agents
- Burry doubles down on Nebius short after stock surges 34% on earnings
- JPMorgan gets bullish on Salesforce, says concerns are "overblown"
Spirit Realty Capital, Inc. Announces Plan for a Leveraged Spin-Off
August 3, 2017 4:13 PM EDTDALLAS, Aug. 3, 2017 /PRNewswire/ -- Spirit Realty Capital, Inc. (NYSE: SRC) ("Spirit" or the "Company"), a premier net lease real estate investment trust (REIT) that primarily invests in single-tenant, operationally essential real estate, today announced the planned spin-off of a separate publicly traded REIT ("SpinCo").
SPIN-OFF HIGHLIGHTS
SpinCo Expected to Have $2.7 Billion in Gross Real Estate Investments Incremental Debt Proceeds Target of $400 Million Expected to be Raised for Spirit's Future Growth, Debt Reduction or Share Repurchases Isolates Shopko Concentration with a... More