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Quotes delayed 20 minutes
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Buy (2.62 out of 4)
27th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Tuesday, March 31, 5:04 AM
Slide #102. Spirit Realty Capital, Inc. — Preferred Stock Offering
| Company: |
Spirit Realty Capital, Inc. (NYSE:SRC) |
| Date announced: |
9/27/2017 |
| Shares Offered: |
6,000,000 |
| Date of Pricing: |
9/27/2017 |
| Price Per Share: |
$25.00 |
| Preferred Stock Offering Details: |
Spirit Realty Capital, Inc. (NYSE: SRC) ("Spirit" or the "Company") announced today that it has priced an underwritten public offering of 6,000,000 shares of 6.000% Series A Cumulative Redeemable Preferred Stock with a liquidation preference of $25.00 per share for net proceeds of $144.8 million after deducting the underwriting discount and the Company's estimated expenses. The Company has also granted the underwriters a 30-day option to purchase from the Company up to an additional 900,000 shares of 6.000% Series A Cumulative Redeemable Preferred Stock. |
Spirit Realty Capital is a self-administered and self-managed real estate investment trust with in-house capabilities, including asset management, acquisition, credit, research, finance, information technology and accounting functions. Co. primarily invests in single-tenant real estate throughout the U.S., which is generally acquired through sale-leaseback transactions and subsequently leased on a long-term, triple-net basis to tenants with business operations within predominantly retail, but also office and industrial property types. Co.'s operations are carried out through Spirit Realty, L.P. (Operating Partnership). Preferred: SRC.PRA
 Open the SRC Page at Preferred Stock Channel »
| Name: |
Spirit Realty Capital Inc (New) |
| Website: |
www.spiritrealty.com |
| Sector: |
REITs |
| Number of ETFs Holding SRC: |
63 (see which ones) |
| Total Market Value Held by ETFs: |
$514,428,410 |
| Total Market Capitalization: |
$2,821,000,000 |
| % of Market Cap. Held by ETFs: |
18.24% |
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Open the SRC Page at Preferred Stock Channel (in a new window) »
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