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Stock impact report

Spirit MTA REIT Announces Third Quarter 2018 Financial and Operating Results

SPIRIT MTA REIT (SMTA) 
Company Research Source: Business Wire
- Invested $97.4 million in acquisitions - - Disposed of nine properties for $31.6 million in gross proceeds including five properties leased to Shopko for $23.1 million - DALLAS--(BUSINESS WIRE)-- Spirit MTA REIT (NYSE:SMTA) ("SMTA" or the "Company"), a net-lease real estate investment trust ("REIT") headquartered in Dallas, Texas, today reported its financial and operating results for the third quarter ended September 30, 2018. Unless otherwise specified, financial and operating information prior to May 31, 2018 reflects the financial and operating information of SMTA's legal predecessor entities. THIRD QUARTER HIGHLIGHTS Invested $97.4 million in acquisitions comprising five properties, with a weighted average lease term of 15.8 years, a weighted-average initial cash yield of approximately 6.44% and an economic yield of 7.60%. Dispo Show less Read more
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