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Spirit Realty spinoff Spirit MTA REIT declares dividend

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Spirit Realty spinoff Spirit MTA REIT declares dividend

Spirit MTA REIT, which was spun off from Spirit Realty Capital Inc. in June, declared a 33-cent per-share dividend, comprising 8 cents per share for June and 25 cents per share for the third quarter.

Shareholders on record as of Sept. 28 will receive the payout Oct. 15.

The net-lease real estate investment trust invested $16.9 million in four properties and other revenue-producing capital expenditures in the first six months of 2018. It disposed of 30 properties for gross proceeds of $44.2 million during the period.

Between July 1 and Aug. 7, the REIT sold three Shopko-leased assets for $15.1 million, according to its earnings release.