Spirit MTA REIT (NYSE: SMTA) rang the opening bell at the New York Stock Exchange (NYSE) on June 25 to celebrate the company’s recently completed spin-off and listing on the NYSE. The company began trading on June 1, following its spin-off from Spirit Realty Capital, Inc. (NYSE: SRC).
Spirit MTA REIT interim CEO, CFO and Treasurer Ricardo Rodriguez said the new company allows shareholders the ability to invest in a net lease REIT with a “clearly defined strategy to monetize non-core assets while optimizing and growing the value of our diversified and seasoned master funding vehicle.”
Rodriguez said Spirit MTA REIT will work with its dedicated asset manager, Spirit Realty Capital, to maximize stockholder value.
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