Spirit Realty LP, founded in 2011 and headquartered in Dallas, Texas, is a leading real estate investment trust (REIT) primarily focused on the acquisition, ownership, and management of retail and service-oriented properties. The company's portfolio centers around single-tenant properties leased to premium tenants across the United States, navigating diverse sectors including convenience stores, restaurants, and pharmacies.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SRC 2.10% 2028-03-15 USDSpirit Realty LP | United States | 2028-03-15 | 2.100 | 4.53 |
| SRC 2.70% 2032-02-15 USDSpirit Realty LP | United States | 2032-02-15 | 2.700 | 5.27 |
| SRC 3.20% 2027-01-15 USDSpirit Realty LP | United States | 2027-01-15 | 3.200 | 4.10 |
| SRC 3.20% 2031-02-15 USDSpirit Realty LP | United States | 2031-02-15 | 3.200 | 5.00 |
| SRC 3.40% 2030-01-15 USDSpirit Realty LP | United States | 2030-01-15 | 3.400 | 4.64 |
| SRC 4.00% 2029-07-15 USDSpirit Realty LP | United States | 2029-07-15 | 4.000 | 4.68 |
| SRC 4.45% 2026-09-15 USDSpirit Realty LP | United States | 2026-09-15 | 4.450 | 4.64 |
| SRC 4.45% 2026-09-15 USDSpirit Realty LP | United States | 2026-09-15 | 4.450 | 4.67 |
| SRC 4.45% 2026-09-15 USDSpirit Realty LP | United States | 2026-09-15 | 4.450 | 4.67 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since initiating its bond issuance strategy in 2013, Spirit Realty LP has made significant strides in accessing capital markets. Notable issuances include their 2020 $400 million unsecured notes offering, which was used to refinance existing debts and strategically acquire properties. As of October 2023, the company boasts a current yield of approximately 4.5%, aligning favorably with industry standards, while maintaining a strong focus on investment-grade rated securities and offering unique features like callable options on select bonds, enhancing flexibility for investors.