Spirit Realty Capital Stock - background after merger into Realty Income

Spirit Realty Capital has been absorbed into Realty Income in a $9.3 billion all-stock deal. With the SRC ticker delisted, we look at the REIT’s former business model and how it fit into the triple-net lease landscape.

Edited by ad hoc news Chart & Technicals Desk. Verified prior to publication on 06/18/2026, 16:19 CET. Details in the imprint.

Spirit Realty Capital (US84860C1027) no longer trades as an independent REIT after its all-stock acquisition by Realty Income closed in early 2024. The SRC ticker was delisted from the New York Stock Exchange following completion of the transaction, according to the companies’ joint announcement.

What Reuters reported on the deal

The decisive step for Spirit Realty Capital came on 10/30/2023, when Realty Income announced an agreement to acquire the net-lease REIT in an all-stock transaction valued at about $9.3 billion, including debt. The deal terms implied that Spirit stockholders would receive 0.762 newly issued Realty Income shares for each SRC share.

According to a Reuters report on the acquisition, the transaction was positioned to enhance Realty Income’s scale in the single-tenant net-lease segment and diversify its tenant base toward service-oriented and resilient retail categories. Spirit brought a portfolio of thousands of properties with long-term leases to mostly middle-market tenants across the United States.

Thursday focus on the technical picture

Because the SRC ticker has been delisted, there is no standalone Thursday chart to analyze for Spirit Realty Capital shares today. Instead, former SRC investors now follow Realty Income’s stock on the New York Stock Exchange under the ticker "O".

Realty Income shares trade as a large-cap constituent of the S&P 500 real estate sector and remain widely used as a proxy for the net-lease REIT space. For chart-based investors who previously monitored SRC’s 200-day moving average and volatility patterns, those technical signals have effectively transitioned to the combined entity.

How Spirit Realty Capital made money

Before the merger, Spirit Realty Capital generated revenue primarily through triple-net leases on a diversified portfolio of single-tenant commercial properties. Under this structure, tenants typically covered property taxes, insurance and maintenance, providing relatively predictable rental income for the REIT.

Where the stock trades today

Spirit Realty Capital stock, previously listed on the New York Stock Exchange under the ticker "SRC", has been delisted following its acquisition by Realty Income, and no independent SRC quote is available as of 06/18/2026, 16:19 CET.

Key facts on Spirit Realty Capital stock

• Company: Spirit Realty Capital Inc.
• ISIN: US84860C1027
• WKN: A1JRJ5
• Ticker: SRC (delisted)
• Venue: New York Stock Exchange (historical)
• Price (as of 06/18/2026, 16:19 CET): no active listing after merger into Realty Income
• Sector / Industry: Real Estate - Net-Lease / Diversified REIT (historical classification)
• Index membership: formerly mid-cap REIT benchmarks; no current index membership as SRC after delisting
• Next earnings date: not officially scheduled following completion of the merger

This article was AI-assisted and editorially reviewed. Price and company data without warranty; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Trading securities involves risk up to total loss of capital.