The company invested $2.1 billion in acquisitions during the nine months ended September 30, 2024, including 300 properties and properties under development or expansion, and an investment in a loan. This shows a commitment to growth through strategic investments.

The merger with Spirit Realty Capital was completed on January 23, 2024, significantly expanding the company's size, scale, and diversification. This merger is a key strategic move to enhance market position.

The company sold 214 properties for total net proceeds of $451.4 million during the nine months ended September 30, 2024, indicating active portfolio management and a focus on maximizing returns.

The financial results show the successful integration of the Spirit merger, with increased revenue, scale, and diversification. This demonstrates management's ability to execute complex transactions.

The company raised $271.0 million through its ATM program and issued £350.0 million of 5.000% senior unsecured notes due October 2029 and £350.0 million of 5.250% senior unsecured notes due September 2041, demonstrating effective capital management.

The portfolio maintained a 98.7% occupancy rate, demonstrating effective property management and client retention despite market fluctuations and economic cycles.

The company is exposed to interest rate risk through its variable-rate debt, which could impact earnings and cash flow if rates increase. Management uses interest rate swaps to mitigate this risk, but it is still a factor.

Inflationary pressures could impact clients' operating expenses, potentially affecting their ability to pay rent and impacting the company's revenue. This is a general economic risk that needs to be monitored.

The company's top 20 clients represent a significant portion of its annualized rent, and a downturn in any of these industries could negatively impact revenue. This indicates a concentration risk that needs to be managed.

The company has a diversified portfolio of properties across various industries and geographies, which reduces its reliance on any single industry or region. This diversification provides a competitive advantage.

Approximately 32.1% of the company's annualized contractual rent comes from investment-grade clients, their subsidiaries, or affiliated companies, indicating a strong competitive position with high-quality tenants.

The company's long history of operating in the net lease market and its focus on single-client properties provide a competitive advantage and a strong market position.

Property expenses (excluding reimbursable) increased due to a higher number of properties available for lease and acquisitions where the lease terms do not obligate the tenant to pay certain expenses. This indicates a need for ongoing cost management.

General and administrative expenses increased due to higher employee costs and professional fees, indicating a need for ongoing cost management and efficiency improvements.

Re-leasing efforts resulted in a rent recapture rate of 105.0% for the three months ended September 30, 2024, and 104.9% for the nine months ended September 30, 2024, demonstrating effective management of lease expirations.

The company's disposition strategy is supported by a predictive analytics platform, indicating a focus on data-driven decision-making and technological innovation.

The 10-Q does not provide specific details on R&D investments, suggesting that innovation may not be a primary focus or that it is not being disclosed in this report.

The 10-Q does not provide specific details on digital transformation efforts, suggesting that it may not be a primary focus or that it is not being disclosed in this report.

The company has continued its 55-year history of paying monthly dividends and has increased the dividend five times during 2024, demonstrating a commitment to returning capital to shareholders.

The company utilized its ATM program to repurchase shares, indicating a commitment to shareholder value and confidence in the company's future performance.

The company issued senior unsecured notes and utilized its credit facility and term loans to finance acquisitions and operations, indicating a strategic approach to capital allocation.

The 10-Q does not provide specific details on environmental commitments or progress, suggesting that it may not be a primary focus or that it is not being disclosed in this report.

The 10-Q does not provide specific details on social responsibility initiatives, suggesting that it may not be a primary focus or that it is not being disclosed in this report.

The 10-Q does not provide specific details on governance practices, suggesting that it may not be a primary focus or that it is not being disclosed in this report.

The company is exposed to interest rate fluctuations in global markets, which could impact its borrowing costs and profitability. This is a general market risk that needs to be monitored.

The company's financial performance could be impacted by economic cycles and unforeseen global events, which could affect client solvency and the company's ability to lease properties.

The 10-Q does not provide specific details on the regulatory environment, suggesting that it may not be a primary focus or that it is not being disclosed in this report.