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● - Announces Increase in Common Stock Quarterly Dividend from $ 0.625 per Share to $ 0.638 per Share - - Generated Net Income of $ 0.74 per Share , FFO of $ 1.00 per Share and AFFO of $ 0.86 per Share - - Invested $ 283.7 Million in Acquisitions - ● SPIRIT REALTY Dallas , TX- August 3 , 2021 —Spirit Realty Capital , Inc. ( NYSE : SRC ) ( " Spirit " or the " Company " ) , a net - lease real estate investment trust ( " REIT " ) that invests in single - tenant , operationally essential real estate , today reported its financial and operating results for the second quarter ended June 30 , 2021 . HIGHLIGHTS ● Spirit Realty Capital , Inc. Announces Second Quarter of 2021 Financial and Operating Results ● Press Release Announces that the Board of Directors declared an increase in the Company's quarterly common stock cash dividend from $ 0.625 per share to $ 0.638 per share , an increase of 2 % , representing a new annualized dividend of $ 2.552 per share . Stockholders of record as of Thursday , September 30 , 2021 will receive the cash dividend on Friday , October 15 , 2021 . Generated net income of $ 0.74 vs a net loss of $ ( 0.03 ) per diluted share , FFO of $ 1.00 vs $ 0.68 per share and AFFO of $ 0.86 vs $ 0.71 per share , compared to the same quarter in 2020 . Invested $ 283.7 million in the second quarter for the acquisition of 18 properties , with an initial weighted average cash yield of 7.07 % and an economic yield of 7.84 % . Additionally , acquired 22 golf clubs in July 2021 for $ 230.8 million , with an initial cash yield of 7.40 % and an economic yield of 8.88 % . Generated $ 74.6 million in gross proceeds from the disposition of 11 properties , with a weighted average capitalization rate of 4.00 % on four income producing properties . Issued 4.1 million shares of common stock to settle certain forward contracts , generating net proceeds of $ 145.5 million and entered into new forward contracts to issue 0.5 million shares of common stock at a weighted average forward price of $ 47.59 . As of June 30 , 2021 , Spirit had unsettled forward contracts for 1.9 million shares of common stock . Extinguished the remaining $ 190.4 million of 2021 Convertible Notes in cash . Adjusted Debt to Annualized Adjusted EBITDAre of 5.0x or 4.9x assuming the settlement of the 1.9 million open forward equity contracts . Produced strong operational performance , with occupancy of 99.7 % , Lost Rent of 0.9 % ( or 0.2 % excluding movie theaters ) and Property Cost Leakage of 1.9 % . Had Corporate Liquidity of $ 0.9 billion as of June 30 , 2021 , comprised of availability under the 2019 Credit Facility , cash and cash equivalents and available proceeds from unsettled forward equity contracts . CEO COMMENTS " The second quarter marks a key milestone for Spirit as we return to dividend growth , supported by accelerating earnings , an outstanding portfolio and strong deal execution . As we continue to execute our strategy , harnessing a disciplined and transparent investment approach , I am confident that we can deliver the promises originally communicated at our Investor Day in 2019 , " stated Jackson Hsieh , President and Chief Executive Officer . 1 | Page