1Année·
Avis pour $SRC PR A
🚀 Bullish

🇺🇸 Initial purchase #1 in October '22 🇺🇸


Hello everyone 🙋‍♂️. There is another new acquisition in the depot since a few weeks!


➡️ 70 shares of Spirit Realty Capital (SRC) are available at 36.32 USD per share are new in the portfolio.


➡️ Once again there is a new addition to the portfolio and unsurprisingly it is a REIT.


➡️ Spirit Realty is a Net Lease REIT, similar to Realty Income but much smaller and extremely diversified. As of today, the company owns 2,078 properties that are leased to 342 tenants.


➡️ The Net Lease Subsector is home to many companies that have super dividend continuity and growth. This is also true for $SRCwhich even during the pandemic had more than 99% occupancy (currently 99.8%).


➡️ P/FFO is currently 10.44x, which is well below the sector average. Dividend was just raised by 3.9% in August and AFFO is expected to grow in the high single digits.


➡️ Of course, there is also a nice dividend yield of 7%.

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5 Commentaires

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I have on the watchlist, but I'm still looking for the hook for now, it all sounds too good to me 🤔
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Voir toutes les 2 autres réponses
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Thank you, I did not know yet, times the watchlist add
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That sounds interesting. It has now also landed on the watchlist. Non-cancelable leases, real estate required for operations in the USA and also office and industrial. That really sounds very promising. However, at least at first glance, sideways movements are to be expected as far as the share price is concerned (which is not necessarily a bad thing)
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