REITs | Editors' Picks

Spirit Realty Is A Strong Buy With 100% Upside

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About: Spirit Realty Capital, Inc. (SRC), Includes: O
by: Julian Lin
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Summary

Rent collection has jumped above 90% in August.

SRC maintains a strong balance sheet rated BBB with room for additional leverage.

Trading with a high 7.5% dividend yield, shares a strong buy with 100% total return upside.

Spirit Realty (SRC) still yields over 7.5%. That’s a surprisingly high yield for this net lease REIT and one that does not seem to give credit to the resiliency of its underlying financials.