Founded: 2018(2 years)
HQ: Dallas, TX, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Retail, Health Care
Externally Managed REIT
Total Cash:*Login Current Debt:*Login Revenue:*Login Gross Profit:*Login Total Revenue:*Login Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA):*Login Revenue Per Share:*Login Revenue Per Employee:*Login Employee:*Login Debt to Equity Ratio (D/E):*Login
Profit Margin:*Login Enterprise Value (EV):*Login Enterprise Value to Revenue (EV/R):*Login Price to Sales (P/S):*Login Price to Book (P/B):*Login Peg Ratio:*Login P/E Ratio:*Login P/E High:*Login P/E Low:*Login Forward P/E Ratio:*Login Market Capitalization:*Login
After selling #SMTA I think #SRC is in much better shape to start growing once again. - LLNN - 2019-11-30 11:37:25 - See full comment
I’m invested for the long term on #SRC a net lease retail REIT. I wasn’t happy with some of its trends last year, but I believe they are getting back on track after the sale of #SMTA to #HPT, by which they have reduced their portfolio by about half and sticking with stronger assets. - Kev B - 2019-09-15 13:48:43 - See full comment
#SMTA out of 3 quarters since it was spinned-off from #SRC, has had two very bad quarters of dividends to funds-from-operations and adjusted-funds-from-operations payout rates, so I’m honestly not surprised by this sale. - Bob_knows - 2019-06-07 20:25:59 - See full comment
Please visit REIT’s official webpage for the most up-to-date property list.
Sample of REIT’s Properties. Image Source - REIT’s website
Below are the most recent cash dividends paid by SMTA. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.
DALLAS, May 1, 2018 /PRNewswire/ -- Spirit Realty Capital, Inc. (NYSE:SRC) ("Spirit" or the "Company") announced today that its Board of Directors has formally declared the distribution of common stock of Spirit MTA REIT ("SMTA") in connection with the spin-off of SMTA from Spirit Realty Capital, Inc. Following the distribution, SMTA will be an independent, publicly-traded real estate investment trust ("REIT") that owns the assets that collateralize Master Trust 2014 (a stand-alone asset-backed securitization program), substantially all the properties leased to Shopko Retail Shops Holding Corp. ("Shopko") and certain of its affiliates, as well as certain other assets. As of June 30, 2018, our diversified portfolio was comprised of 888 properties, leased to 205 tenants across 23 industries. A typical transaction has the following characteristics: