Spirit Realty Capital (SRC) Misses Q2 EPS by 2c
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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