we are spirit realty capital, inc. (nyse: src), a publicly traded triple net lease real estate investment trust (reit) — one of the largest in the country. our gross real estate investment portfolio is approximately $8.2 b, with investments in over 2,600 properties leased to more than 430 tenants in 30 different industries across 49 states. our clients range from well-known retail brands to special-use, office and industrial facilities. founded in 2003, spirit has a proven growth strategy with a track record of creating value even in challenging economic cycles. we apply time-tested investment and portfolio strategies that employ data analysis to monitor industry trends and manage risk. keeping up with key real estate metrics allows us to offer some of the most attractive rates in the country. we have the flexibility to structure leases to meet the needs of our tenants. we are a premier reit in the dallas metro area and one of only two non-mortgage publicly traded reits headquartered i
Company profile
Ticker
SRC, SRC-PA
Exchange
Website
CEO
Jackson Hsieh
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Cole Credit Property Trust II Inc
SEC CIK
Corporate docs
Subsidiaries
Conwa Equity II, LLC • Conwa Property II, LLC • FRIS CHKN, LLC • Spirit AA Columbia Heights MN, LLC • Spirit AA Duluth MN, LLC • Spirit AA Fergus Falls MN, LLC • Spirit AA Grand Forks ND, LLC • Spirit AA Holland MI, LLC • Spirit AA Holland Township MI, LLC • Spirit AA Zeeland MI, LLC ...
IRS number
201676382
SRC stock data
Latest filings (excl ownership)
15-15D
Suspension of duty to report
6 Feb 24
15-15D
Suspension of duty to report
6 Feb 24
15-15D
Suspension of duty to report
6 Feb 24
8-K
Entry into a Material Definitive Agreement
24 Jan 24
S-3DPOS
Registration of securities, dividend or interest reinvestment plans, immediately effective (post-effective amendment)
24 Jan 24
S-8 POS
Registration of securities for employees (post-effective amendment)
24 Jan 24
S-8 POS
Registration of securities for employees (post-effective amendment)
24 Jan 24
S-8 POS
Registration of securities for employees (post-effective amendment)
24 Jan 24
S-8 POS
Registration of securities for employees (post-effective amendment)
24 Jan 24
25-NSE
Exchange delisting
23 Jan 24
Transcripts
SRC
Earnings call transcript
2023 Q2
8 Aug 23
SRC
Earnings call transcript
2023 Q1
4 May 23
SRC
Earnings call transcript
2022 Q4
28 Feb 23
SRC
Earnings call transcript
2022 Q3
9 Nov 22
SRC
Earnings call transcript
2022 Q2
4 Aug 22
SRC
Earnings call transcript
2022 Q1
4 May 22
SRC
Earnings call transcript
2021 Q1
6 May 21
SRC
Earnings call transcript
2020 Q4
20 Feb 21
SRC
Earnings call transcript
2020 Q3
2 Nov 20
SRC
Earnings call transcript
2020 Q3
2 Nov 20
Latest ownership filings
SC 13G/A
COHEN & STEERS, INC.
14 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
COHEN & STEERS, INC.
12 Feb 24
SC 13G/A
FMR LLC
9 Feb 24
SC 13G/A
STATE STREET CORP
30 Jan 24
SC 13G/A
BlackRock Inc.
23 Jan 24
4
Jackson Hsieh
23 Jan 24
4
ELIZABETH F FRANK
23 Jan 24
4
Jay Young
23 Jan 24
4
Prakash J Parag
23 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 139.02 mm | 139.02 mm | 139.02 mm | 139.02 mm | 139.02 mm | 139.02 mm |
Cash burn (monthly) | 12.06 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 80.26 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 58.76 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 4.9 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
95.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 327 |
Opened positions | 41 |
Closed positions | 30 |
Increased positions | 127 |
Reduced positions | 110 |
13F shares | Current |
---|---|
Total value | 4.52 tn |
Total shares | 134.42 mm |
Total puts | 59.90 k |
Total calls | 73.50 k |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 20.35 mm | $682.17 bn |
BLK Blackrock | 18.00 mm | $603.44 bn |
CNS Cohen & Steers | 13.60 mm | $455.90 bn |
FMR | 10.09 mm | $338.30 bn |
STT State Street | 7.80 mm | $266.50 bn |
NMR Nomura | 3.82 mm | $127.99 bn |
DB Deutsche Bank AG - Registered Shares | 3.30 mm | $110.66 bn |
Northwood Liquid Management | 3.15 mm | $105.65 bn |
Massachusetts Financial Services | 2.97 mm | $99.64 bn |
Geode Capital Management | 2.42 mm | $81.19 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
23 Jan 24 | Sullivan Thomas J | Common stock, par value $0.05 per share | Sale back to company | Dispose D | No | No | 0 | 14,911 | 0.00 | 0 |
23 Jan 24 | Gilchrist Richard I | Common stock, par value $0.05 per share | Sale back to company | Dispose D | No | No | 0 | 50,560 | 0.00 | 0 |
23 Jan 24 | Laing Diana | Common stock, par value $0.05 per share | Sale back to company | Dispose D | No | No | 0 | 18,639 | 0.00 | 0 |
23 Jan 24 | Rochelle Thomas | Common stock, par value $0.05 per share | Sale back to company | Dispose D | No | No | 0 | 52,872 | 0.00 | 0 |
23 Jan 24 | Rochelle Thomas | Common stock, par value $0.05 per share | Grant | Acquire A | No | No | 0 | 7,691 | 0.00 | 52,872 |
23 Jan 24 | Rochelle Thomas | Common stock, par value $0.05 per share | Grant | Acquire A | No | No | 0 | 6,627 | 0.00 | 45,181 |
23 Jan 24 | Michelle M Frymire | Common stock, par value $0.05 per share | Sale back to company | Dispose D | No | No | 0 | 10,009 | 0.00 | 0 |