Private company

SPIRIT REALTY CAPITAL, INC.

American Opeators of Nonresidential Buildings company, incorporated in Maryland1

In its 2023 annual report the company says: “We invest primarily in single-tenant, operationally essential real estate assets throughout the United States, which are subsequently leased on a long-term, triple-net basis to high quality tenants with operations in retail, industrial and certain other industries.”65 It is headquartered in Dallas, Texas.1

Last updated Oct 20, 2026.

Overview

  • IndustryOpeators of Nonresidential Buildings1
  • HeadquartersDallas, Texas1
  • Incorporated inMD2
  • Business address2727 North Harwood Street, Suite 300, Dallas, Tx 752012
  • Filer categoryLarge accelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

40.2%Net margin3
16.6%Revenue growth, 20223
6.3%Return on equity3
0.78×Debt to equity3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs43¢$305.6M
  • Interest17¢$117.6M
  • Income tax0¢$897.0K
  • Profit40¢$285.5M

Out of $709.6M in revenue.3

Where each dollar of operating cash went, fiscal 2022

  • Dividends paid72¢$348.5M
  • Share buybacks1¢$6.5M
  • Kept or used elsewhere27¢$131.5M

Out of $486.4M of cash from operations.3

Financial statements

Revenue45673$709.6M in 2022+63% since 2016
0$200.0M$400.0M$600.0M$800.0M2016: $435.3M$435.3M20162017: $431.3M$431.3M2017−1%2018: $445.1M$445.1M2018+3%2019: $516.4M$516.4M2019+16%2020: $483.6M$483.6M2020−6%2021: $608.4M$608.4M2021+26%2022: $709.6M$709.6M2022+17%
Operating income8$14.1M in 2017−69% since 2016
0$20.0M$40.0M$60.0M2016: $45.8M$45.8M20162017: $14.1M$14.1M2017−69%
Net income45673$285.5M in 2022+193% since 2016
0$100.0M$200.0M$300.0M2016: $97.4M$97.4M20162017: $77.1M$77.1M2017−21%2018: $132.1M$132.1M2018+71%2019: $175.3M$175.3M2019+33%2020: $26.7M$26.7M2020−85%2021: $171.7M$171.7M2021+543%2022: $285.5M$285.5M2022+66%
Fiscal year2016201720182019202020212022
Revenue$435.3M4$431.3M5$445.1M6$516.4M7$483.6M3$608.4M3$709.6M3
Operating expenses$448.4M3$539.6M3
Operating income$45.8M8$14.1M8
Interest$118.7M4$113.4M5$97.5M6$101.1M7$104.2M3$103.0M3$117.6M3
Income before tax$172.3M3$286.4M3
Income tax$868.0K4$511.0K5$792.0K6$11.5M7$273.0K3$607.0K3$897.0K3
Net income$97.4M4$77.1M5$132.1M6$175.3M7$26.7M3$171.7M3$285.5M3
Earnings per share$1.034$0.795$1.406$1.817$0.153$1.363$2.043
Earnings per share (diluted)$1.034$0.795$1.396$1.817$0.153$1.353$2.043
Shares (weighted, basic)118.3M shares3134.5M shares3
Shares (weighted, diluted)118.7M shares3134.6M shares3

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Corporate structure

SPIRIT REALTY CAPITAL, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SPIRIT REALTY CAPITAL, INC.

  • Cohen & Steers Filed SC 13G/A on SPIRIT REALTY CAPITAL, INC., latest Feb 14, 2024 (6 filings since Dec 10, 2021)
  • VANGUARD GROUP INC Filed SC 13G/A on SPIRIT REALTY CAPITAL, INC., latest Feb 13, 2024 (3 filings since Feb 10, 2022)
  • FMR LLC Filed SC 13G/A on SPIRIT REALTY CAPITAL, INC., latest Feb 9, 2024 (3 filings since Feb 9, 2022)
  • State Street Corporation Filed SC 13G/A on SPIRIT REALTY CAPITAL, INC., latest Jan 30, 2024 (2 filings since Feb 6, 2023)
  • SPIRIT REALTY CAPITAL, INC. Dallas, Texas

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SPIRIT REALTY CAPITAL, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land and buildings$2.7B3 Dec 31, 2022$2.5B3 Dec 31, 2021+8.9%
Buildings and improvements$5.9B3 Dec 31, 2022$5.0B3 Dec 31, 2021+18.7%
Operating-lease assets (leased space)$3.4M3 Dec 31, 2022$3.7M3 Dec 31, 2021−8.1%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$7.9B3 Dec 31, 2022$6.9B3 Dec 31, 2021+14.9%
Real estate investments, at cost$8.6B3 Dec 31, 2022$7.5B7 Dec 31, 2021+15.4%
Real estate accumulated depreciation$1.2B3 Dec 31, 2022$1.0B3 Dec 31, 2021+17.2%
Real estate properties2,0973 Dec 31, 20221,9997 Dec 31, 2021+4.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$8.8M3 Dec 31, 2022$17.8M3 Dec 31, 2021−50.7%
Loans, net of allowance$23.0M3 Dec 31, 2022$10.4M3 Dec 31, 2021+120.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$225.6M3 Dec 31, 2022$225.6M3 Dec 31, 20210%
Accumulated amortization$237.7M3 Dec 31, 2022$210.2M3 Dec 31, 2021+13.1%
Finite-lived intangibles, net$423.9M3 Dec 31, 2022$427.0M3 Dec 31, 2021−0.7%

Leadership

Who has led SPIRIT REALTY CAPITAL, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Christopher H. Cole2006–2008
  2. Thomas H. Nolan Jr.2013–2017
  3. Jackson Hsieh2017–2024

Chair

  1. Christopher H. Cole2006–2008

President

  1. Christopher H. Cole2006
  2. Peter M. Mavoides2013–2015
  3. Jackson Hsieh2016–2024

Chief financial officer

  1. Blair D. Koblenz2006
  2. D. Kirk McAllaster Jr.2007–2008
  3. Phillip D. Joseph Jr.2015–2018

Chief operating officer

  1. Peter M. Mavoides2013–2015
  2. Jackson Hsieh2016–2017
2010201520202025
Board members and other officers (28)

Former names

  • Cole Credit Property Trust II IncDec 9, 2004 to Jul 19, 20132

Timeline

  1. Jan 24, 20248-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale44
  2. Jan 19, 20248-K Shareholder vote; Regulation FD disclosure45
  3. Jan 11, 20248-K Other events46
  4. Jan 2, 20248-K Executive or director change47
  5. Dec 12, 20238-K Executive or director change48
  6. Nov 2, 20238-K Results of operations49
  7. Oct 30, 20238-K Entered a material agreement; Regulation FD disclosure50
  8. Aug 7, 20238-K Results of operations51
  9. May 12, 20238-K Other events52
  10. May 4, 20238-K Shareholder vote53
  11. May 3, 20238-K Results of operations54
  12. Mar 15, 20238-K Other events55
  13. May 26, 2017New chief executive Jackson Hsieh becomes CEO11
  14. Jul 19, 2013New chief executive Thomas H. Nolan Jr. becomes CEO12
  15. May 1, 2006New chief executive Christopher H. Cole becomes CEO13

Calendar

When it reported results

  1. Nov 2, 2023Reported quarterly or annual results49
  2. Aug 7, 2023Reported quarterly or annual results51
  3. May 3, 2023Reported quarterly or annual results54
  4. Feb 28, 2023Reported quarterly or annual results56
  5. Nov 8, 2022Reported quarterly or annual results57
  6. Aug 3, 2022Reported quarterly or annual results58
  7. May 3, 2022Reported quarterly or annual results59
  8. Feb 14, 2022Reported quarterly or annual results60

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

157 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 27 major events, 76 insider forms, 17 large holders, 28 other. The latest 20:

  1. Feb 14, 2024SC 13G/A EDGAR
  2. Feb 13, 2024SC 13G/A SCHEDULE 13G/A EDGAR
  3. Feb 12, 2024SC 13G/A EDGAR
  4. Feb 9, 2024SC 13G/A EDGAR
  5. Feb 6, 202415-15D EDGAR
  6. Feb 6, 202415-15D EDGAR
  7. Feb 6, 202415-15D EDGAR
  8. Jan 30, 2024SC 13G/A EDGAR
  9. Jan 24, 20248-K EDGAR
  10. Jan 24, 2024S-3DPOS EDGAR
  11. Jan 24, 2024S-8 POS EDGAR
  12. Jan 24, 2024S-8 POS EDGAR
  13. Jan 24, 2024S-8 POS EDGAR
  14. Jan 24, 2024S-8 POS EDGAR
  15. Jan 23, 2024SC 13G/A EDGAR
  16. Jan 23, 20244 EDGAR
  17. Jan 23, 20244 EDGAR
  18. Jan 23, 20244 EDGAR
  19. Jan 23, 20244 EDGAR
  20. Jan 23, 20244 EDGAR

The 157 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 1 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 6, 2023Frymire Michelle MDirectorSale4,000$39.75$159.0KForm 4
Mar 2, 2023Thomas RochelleEVP, General CounselSale2,815$41.29$116.2KForm 4
Mar 1, 2023Young JayEVP, CAO, CLOSale17,500$41.00$717.5KForm 4
Dec 1, 2022GILCHRIST RICHARD IDirectorBuy6,000$41.91$251.5KForm 4
Feb 25, 2022Young JayEVP, CAO, CLOSale19,037$46.38$882.9KForm 4
Feb 25, 2022Thomas RochelleEVP, General CounselSale4,470$46.39$207.4KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How SPIRIT REALTY CAPITAL, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSPIRIT REALTY CAPITAL, INC.1
  • CIK0001308606
  • Employer ID (EIN)20-16763821
  • Filer statusLarge accelerated filer1
  • Incorporated inMaryland1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6512 Opeators of Nonresidential Buildings1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address2727 North Harwood Street, Suite 300, Dallas, TX 752011
  • Phone972.476.19001
  • Shares outstanding141,331,218 as of Oct 30, 202310
  • Public float$5.1B as of Jun 30, 20223
  • On EDGAR sinceDec 9, 20041
  • Filings1,053 in all: 4 (324), 8-K (278), SC 13G/A (58), 10-Q (56), 3 (38), 424B3 (36), 424B5 (30), 425 (19)1
    All 47 form types

    8-K/A (19), 10-K (18), DEFA14A (18), DEF 14A (17), POS AM (17), SC 13G (17), EFFECT (16), UPLOAD (15), CORRESP (7), S-11/A (7), FWP (6), 10-Q/A (5), 424B2 (4), ARS (4), S-3ASR (4), S-8 (4), S-8 POS (4), 15-15D (3), S-3DPOS (3), 4/A (2), 8-A12B (2), CERTNYS (2), S-11 (2), S-4 (2), S-4/A (2), 10-K/A (1), 144 (1), 25-NSE (1), 3/A (1), 305B2 (1), 8-A12G (1), DEFM14A (1), DEFR14A (1), POSASR (1), S-11MEF (1), S-3D (1), SC 14D9 (1), SC TO-T (1), SC TO-T/A (1)

  • Latest filingsAnnual report (10-K) Feb 28, 2023
    Quarterly report (10-Q) Nov 2, 2023
    Proxy statement (DEF 14A) Mar 23, 2023
    Latest 8-K (8-K) Jan 24, 2024

Sources

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