Spirit Rlty Cap Action Forum

$SRC
$O (-1,06 %) Acquisition

Realty Income acquires Spirit Realty Capital in $9.3 billion transaction

https://www.realtyincome.com/investors/press-releases/realty-income-acquire-spirit-realty-capital-93-billion-transaction

More than 2.5% increase in annualized AFFO per share across all neutral leveraged equity transactions

- Complementary real estate portfolio improves size, scale and diversification to expand runway for future growth

- No reliance on capital markets to complete transaction; real estate income to assume existing debt with low interest rates

SAN DIEGOUndDALLAS, Oct. 30, 2023 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company® and Spirit Realty Capital, Inc. (Spirit, NYSE: SRC) today announced that the two companies have entered into a definitive merger agreement under which Realty Income will acquire Spirit in an all-stock transaction with an enterprise value of approximately $9.3 billion. The leverage-neutral transaction is expected to increase Realty Income's annualized adjusted funds from operations (AFFO) per share by more than 2.5%. In addition, no new debt is expected to be required to finance the transaction. Upon completion of the merger, there will be an enterprise value of approximately $63 billion for the combined company, enhancing Realty Income's size, scale and diversification to expand opportunities for future growth.

📈 REIT Depot Update January '23 📈

Hello everyone 🙋‍♂️. With this post I want to give you a little update on my REITs.

➡️ In total, the REITs in my portfolio have a market value of ~44,815 EUR (as of 07.01.23) and therefore a weighting of 14.64% in the total portfolio 👍.

➡️ Largest value is still $O (-1,06 %)
with ~8,239 EUR, smallest the $ONL (+1,1 %) with approx. 806 EUR.

➡️ In the last few months I have with from $SKT (+0,63 %) separated and took positions with $SRC, $UMH (-1,33 %) as well as $STAG (-2,13 %) opened.

➡️ On the following pages you will find a (sub)sector overview, the future planned weighting and some notes.

➡️ With -19%, my REITs have performed worse in 2022 than, for example, the S&P 500. Of course, the interest rate increases have had a negative impact on prices, since, among other things, it is automatically assumed that refinancing costs will rise. That may also be the case for one or the other REIT. But in general, REITs with solid financing that have taken advantage of the low-interest-rate phase to obtain long-term financing have the best prospects. And it is precisely such REITs that are very attractive in terms of valuation.

➡️ Therefore, I intend to increase my REIT share to up to 25% in 2023 and focus primarily on apartment REITS, but also on those from the office and industrial sectors. The first candidates are already on the list.

#reit
#immobilien
#dividende
#depot