Spirit Realty
Spirit Realty Capital, Inc., commonly known as Spirit Realty, is a prominent real estate investment trust (REIT) headquartered in the United States. Founded in 2003, the company has established a strong presence in the net lease sector, focusing on acquiring and managing single-tenant commercial properties across various industries, including retail, healthcare, and industrial sectors. With a diverse portfolio spanning major operational regions throughout the US, Spirit Realty is recognised for its strategic investments and long-term leases, which provide stable cash flows. The company’s unique approach to property management and tenant relationships has positioned it as a leader in the net lease market. Notable achievements include a consistent track record of dividend payments and a commitment to sustainable growth, making Spirit Realty a trusted name in the real estate investment landscape.
DitchCarbon Score
How does Spirit Realty's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Spirit Realty's score of 31 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Spirit Realty's reported carbon emissions
In 2024, Spirit Realty reported total carbon emissions of approximately 57,192,000 kg CO2e, with emissions distributed across various scopes: 1,978,000 kg CO2e from Scope 1, 23,557,000 kg CO2e from Scope 2, and 31,657,000 kg CO2e from Scope 3, which includes 16,184,000 kg CO2e from downstream leased assets. This represents a slight increase from 2023, where total emissions were about 55,382,000 kg CO2e, with Scope 1 emissions at 2,754,000 kg CO2e, Scope 2 at 24,251,000 kg CO2e, and Scope 3 at 28,377,000 kg CO2e. Spirit Realty has set ambitious climate commitments, aiming for a 50% reduction in emissions intensity for both Scope 1 and Scope 2 by 2030, starting from 2022. However, they are currently not on track, having recorded a 2% increase in emissions intensity by the end of 2024. Additionally, the company has established an aspirational target to achieve Net Zero operational carbon emissions by 2040 for both Scope 1 and Scope 2 emissions. The emissions data is cascaded from its parent company, Spirit Realty Capital, Inc., and reflects the company's ongoing efforts to address climate change within the real estate sector.
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| 2022 | 2024 | |
|---|---|---|
| Scope 1 | 165,400 | 0,000,000 |
| Scope 2 | 922,400 | 0,000,000 |
| Scope 3 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Spirit Realty is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
