SFC Spirit Fin Corp

Spirit Finance Corporation (NYSE: SFC), a real estate investment trust (REIT) focused on single tenant, operationally essential real estate, has declared a cash dividend of $0.19 per common share for the second quarter ending June 30, 2005. The common share dividend is payable July 25, 2005, to shareholders of record on July 15, 2005. Additionally, Spirit Finance announced that it will host a conference call to discuss second quarter 2005 financial results on Thursday, August 11, 2005 at 5:00 PM Eastern time. Hosting the call will be Mort Fleischer, Chairman and Chief Executive Officer, Christopher Volk, President and Chief Operating Officer and Catherine Long, Chief Financial Officer. A press release highlighting the second quarter 2005 financial results will be issued after the market close on Thursday, August 11, 2005. The call will be webcast live over the Internet at www.spiritfinance.com under the section entitled "Investors." Participants should follow the instructions provided on the website for the download and installation of audio applications necessary to join the webcast. The call can also be accessed live over the phone by dialing (800) 289-0529 or (913) 981-5523 for international callers. A replay will be available one hour after the call and can be accessed by dialing (888) 203-1112 or (719) 457-0820 for international callers; the password is 4576014. The replay will be available from August 11, 2005 through August 18, 2005 on Spirit Finance Corporation's website. About Spirit Finance Corporation Spirit Finance Corporation provides customized, flexible sale/leaseback financing solutions for single tenant, operationally essential real estate assets vital to the operations of retail, service and distribution companies. The Company's core markets include free-standing automotive, drugstores, educational facilities, movie theatres, restaurants, supermarkets, and other retail, distribution and service businesses. Additional information about Spirit Finance Corporation is available on the Company's website at www.spiritfinance.com.