Spirit MTA REIT is a holding company. Through its subsidiaries, Co. operates as a real estate investment trust that invests in and manages a portfolio of real estate throughout the United States. Co.'s portfolio includes Master Trust 2014, an asset-backed securitization trust which issues non-recourse asset-backed securities collateralized by commercial real estate, net-leases and mortgage loans, a portfolio of properties leased to Specialty Retail Shops Holding Corp. (Shopko) encumbered with commercial mortgage-backed securities (CMBS) debt, a single distribution center property leased to a sporting goods tenant encumbered with CMBS debt, and a portfolio of unencumbered properties. We show 8 historical shares outstanding datapoints in our SMTA shares outstanding history coverage, used to compute SMTA market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SMTA market cap history over the course of time is important for investors
interested in comparing SMTA's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SMTA versus a peer is one thing; comparing
SMTA market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SMTA can fluctuate over the course of history.
With this page we aim to empower investors researching SMTA by allowing them to research the SMTA market cap history. |
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Video: The Importance of Market Cap
