Thomas Nolan - Spirit Realty Chairman and CEO

SRCDelisted Stock  USD 42.31  0.83  1.92%   

Chairman

Mr. Thomas H. Nolan, Jr., serves as Chairman of the Board, Chief Executive Officer of the company. Mr. Nolan joined us as Chairman of our Board of Directors and Chief Executive Officer in September 2011. Mr. Nolan previously worked for General Growth Properties, Inc., serving as Chief Operating Officer from March 2009 to December 2010 and as President from October 2008 to December 2010. He also served as a member of the board of directors of GGP from 2005 to 2010. GGP filed for protection under Chapter 11 of the U.S. Bankruptcy Code in April 2009 and emerged from bankruptcy in November 2010. Mr. Nolan was a member of the senior management team that led GGPs reorganization and emergence from bankruptcy, which included the restructuring of 15.0 billion in projectlevel debt, payment in full of all of GGPs prepetition creditors and the securing of 6.8 billion in equity commitments. From July 2004 to February 2008, Mr. Nolan served as a Principal and Chief Financial Officer of Loreto Bay Company, the developer of the Loreto Bay master planned community in Baja, California. From October 1984 to July 2004, Mr. Nolan held various financial positions with AEW Capital Management, L.P., a national real estate investment advisor, and from 1998 to 2004, he served as Head of Equity Investing and as President and Senior Portfolio Manager of The AEW Partners Funds since 2013.
Age 57
Tenure 11 years
Phone972 476-1900
Webwww.spiritrealty.com
Nolan earned a BA in Business Administration from the University of Massachusetts.

Spirit Realty Management Efficiency

The company has Return on Asset of 0.0242 % which means that on every $100 spent on assets, it made $0.0242 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0575 %, implying that it generated $0.0575 on every 100 dollars invested. Spirit Realty's management efficiency ratios could be used to measure how well Spirit Realty manages its routine affairs as well as how well it operates its assets and liabilities.
The company has 3.58 B in debt with debt to equity (D/E) ratio of 0.79, which is OK given its current industry classification. Spirit Realty Capital has a current ratio of 1.33, which is typical for the industry and considered as normal. Debt can assist Spirit Realty until it has trouble settling it off, either with new capital or with free cash flow. So, Spirit Realty's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Spirit Realty Capital sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Spirit to invest in growth at high rates of return. When we think about Spirit Realty's use of debt, we should always consider it together with cash and equity.

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is a premier net-lease REIT that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases. As of September 30, 2020, our diverse portfolio of 1,778 owned properties, with an aggregate leasable area of 37.2 million square feet in 48 states, included retail, industrial and office buildings leased to 296 tenants across 28 retail industries. Spirit Realty operates under REITDiversified classification in the United States and is traded on New York Stock Exchange. It employs 84 people. Spirit Realty Capital (SRC) is traded on New York Stock Exchange in USA and employs 89 people.

Management Performance

Spirit Realty Capital Leadership Team

Elected by the shareholders, the Spirit Realty's board of directors comprises two types of representatives: Spirit Realty inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Spirit. The board's role is to monitor Spirit Realty's management team and ensure that shareholders' interests are well served. Spirit Realty's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Spirit Realty's outside directors are responsible for providing unbiased perspectives on the board's policies.
Prakash Parag, Senior Vice President Chief Accounting Officer
Phillip Joseph, CFO, Executive VP and Treasurer
Bill Totherow, Senior Vice President Head - Credit and Underwriting
Daniel Rosenberg, Senior Vice President - Acquisitions
Michelle Greenstreet, Chief Human Resource Officer, Senior Vice President
Erin Gilles, Director Communications
Thomas Senkbeil, Independent Director
David Gilbert, Director
Travis Carter, VP Underwriting
Kenneth Heimlich, Ex Officer
Kevin Charlton, Independent Director
Diane Morefield, Director
Richard Gilchrist, Lead Independent Chairman of the Board
Michael Hughes, Chief Financial Officer, Executive Vice President
Pierre Revol, IR Contact Officer
Todd Dunn, Independent Director
Mary Jensen, VP of Investor Relations
Thomas Nolan, Chairman and CEO
Mark Manheimer, Executive VP of Asset Management
Diana Laing, Independent Director
Ryan Berry, Senior Vice President General Counsel
Rochelle Thomas, Executive Vice President General Counsel, Company Secretary
Ken Heimlich, Executive Vice President, Head of Asset Management
Sheli Rosenberg, Independent Director
Elizabeth Frank, Independent Director
Gregg Seibert, Chief Investment Officer and Executive VP
Boyd Messmann, Executive Vice President Chief Acquisitions Officer
Michael Bender, CFO and Executive VP
Jay Young, Executive Vice President, Chief Administrative Officer, Chief Legal Officer
Nicholas Shepherd, Independent Director
Jackson Hsieh, President, Chief Executive Officer, Director

Spirit Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Spirit Realty a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

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Other Consideration for investing in Spirit Stock

If you are still planning to invest in Spirit Realty Capital check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Spirit Realty's history and understand the potential risks before investing.
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