DALLAS, Dec. 15, 2016 /PRNewswire/ -- Spirit Realty Capital, Inc. (NYSE: SRC) ("Spirit" or the "Company"), a net lease real estate investment trust (REIT) that invests in single-tenant, operationally essential real estate, today announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per common share, an increase of 2.9% over the prior quarter, representing an annualized rate of $0.72 per common share. Shareholders of record as of December 30, 2016, will receive the $0.18 cash dividend on January 13, 2017.
Spirit anticipates issuing the tax treatment of its 2016 dividends by the end of January 2017.
Information pertaining to Spirit's dividends can be obtained through the investor relations section of the Company's website at www.spiritrealty.com. For account inquiries relating to Spirit's quarterly dividends, please contact Spirit's transfer agent, American Stock Transfer & Trust Company, LLC at (866) 703-9065.
About Spirit Realty Capital
Spirit is a premier net-lease REIT that invests in and manages a portfolio primarily of single-tenant, operationally essential real estate assets throughout the United States. Single-tenant, operationally essential real estate generally refers to free-standing, commercial real estate facilities where our tenants conduct business activities that are essential to the generation of their sales and profits. Our properties are frequently acquired through strategic sale-leaseback transactions and are predominantly leased on a long-term, triple-net basis to high-quality tenants.
Founded in 2003, we are an established net-lease REIT with a proven growth strategy and a seasoned management team focused on producing superior risk adjusted returns. As of September 30, 2016, our undepreciated gross real estate investment portfolio was approximately $8.4 billion, representing investments in 2,705 properties, including 75 properties securing mortgage loans made by the Company. Our properties are leased to approximately 452 tenants who represent 28 diverse industries across 49 states.
More information about Spirit Realty Capital can be found on the investor relations section of the Company's website at www.spiritrealty.com.
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SOURCE Spirit Realty Capital, Inc.