Spirit Realty Capital, Inc. (NYSE:SRC) Q2 2023 Results Conference Call August 8, 2023 9:30 AM ET

Company Participants

Pierre Revol - SVP, Corporate Finance & IR

Jackson Hsieh - President, CEO

Michael Hughes - CFO

Ken Heimlich - CIO

Conference Call Participants

Anthony Paolone - JP Morgan

Greg McGinniss - Scotiabank

Haendel St. Juste - Mizuho

Joshua Dennerlein - Bank of America

Ki Bin Kim - Truist

Linda Tsai - Jefferies

Michael Goldsmith - UBS

Michael Gorman - BTIG

Rob Stevenson - Janney

Wes Golladay - Baird

Ronald Kamdem - Morgan Stanley

Operator

Good day, and welcome to the Spirit Realty Capital Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Pierre Revol, Senior Vice President of Corporate Finance and Investor Relations. Please go ahead.

Pierre Revol

Thank you, operator, and thanks, everyone, for joining us for Spirit's Second Quarter 2023 Earnings Call. Presenting on today's call will be President and Chief Executive Officer, Jackson Hsieh; and Chief Financial Officer, Michael Hughes. Our Chief Investment Officer, Ken Heimlich, will be available for Q&A.

Before we start, I want to remind everyone that this presentation contains forward-looking statements. Although we believe these forward-looking statements are based on reasonable assumptions, they are subject to known and unknown risks and uncertainties that can cause actual results to differ materially from those currently anticipated due to a number of factors. I refer you to the safe harbor statement in our most recent filings with the SEC for a detailed discussion of risk factors relating to these forward-looking statements.

This presentation also contains certain non-GAAP measures. Reconciliation of non-GAAP financial measures to most directly comparable GAAP measures are included in the exhibits furnished to the SEC under the Form 8-K, which include our earnings release and supplemental investor presentation. These materials are also available for -- on the Investor Relations page of our website.

For our prepared remarks, I'm now pleased to introduce Jackson Hsieh. Jackson?

Jackson Hsieh

Thanks, Pierre, and thanks, everyone, for joining our call this morning. At the beginning of this year, we outlined a plan for 2023 consisting of 2 primary objectives: first, implement a capital deployment strategy that utilizes free cash flow, asset dispositions and existing debt to yield favorable investment spreads without issuing new capital; second, demonstrate the strength and diversification of our portfolio through consistent operating performance.