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<a href="https://smartkarma.com/entities/spirit-realty-capital-inc">Spirit Realty Capital</a> (SRC) was acquired by Realty Income (NYSE: O) in a $9.3 billion all-stock transaction, which closed on January 23, 2024. This event is the single most critical factor in evaluating SRC, as it no longer operates as an independent public company and its stock has been delisted.</li>
  <li>The acquisition was framed as a strategic move to enhance size, scale, and diversification for Realty Income, with the transaction expected to be over 2.5% accretive to Realty Income's annualized Adjusted Funds from Operations (AFFO) per share. Spirit shareholders received 0.762 shares of Realty Income for each SRC share held, owning approximately 13% of the combined entity post-merger.</li>
  <li>Prior to the acquisition, SRC was a premier net-lease REIT with a diversified portfolio of over 2,000 single-tenant, operationally essential retail, industrial, and other properties across the United States, boasting a high occupancy rate of approximately 99.8%. The quality and complementary nature of this portfolio was a key rationale for the merger.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
Spirit Realty Capital (SRC) was acquired by Realty Income (NYSE: O) in a $9.3 billion all-stock transaction, which closed on January 23, 2024. This event is the single most critical factor in evaluating SRC, as it no longer operates as an independent public company and its stock has been delisted.
  The acquisition was framed as a strategic move to enhance size, scale, and diversification for Realty Income, with the transaction expected to be over 2.5% accretive to Realty Income's annualized Adjusted Funds from Operations (AFFO) per share. Spirit shareholders received 0.762 shares of Realty Income for each SRC share held, owning approximately 13% of the combined entity post-merger.
  Prior to the acquisition, SRC was a premier net-lease REIT with a diversified portfolio of over 2,000 single-tenant, operationally essential retail, industrial, and other properties across the United States, boasting a high occupancy rate of approximately 99.8%. The quality and complementary nature of this portfolio was a key rationale for the merger.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Spirit Realty Capital (SRC US) - May 2026

United States

Spirit Realty Capital, Inc. operates as a real estate investment trust. The Trust invests in single-tenant and triple-net basis real estate properties engaged in retail, service, and distribution industries. Spirit Realty Capital serves customers in the United States.

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Primer: Spirit Realty Capital (SRC US) - May 2026

Spirit Realty Capital (SRC) was acquired by Realty Income (NYSE: O) in a $9.3 billion all-stock transaction, which closed on January 23, 2024....

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