Last $11.59 USD
Change Today -0.10 / -0.86%
Volume 3.2M
SRC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

spirit realty capital inc (SRC) Key Developments

Spirit Realty Capital, Inc. Declares Second Quarter Dividend, Payable on July 15, 2014

Spirit Realty Capital, Inc. announced that the company's board of directors has declared a $0.16625 per share cash dividend on its common stock for the second quarter of 2014. The dividend equates to an annualized rate of $0.665 per share and will be paid on July 15, 2014 to stockholders of record on June 30, 2014.

Spirit Realty Capital, Inc. Approves Amendment to its Charter

On May 13, 2014, Spirit Realty Capital, Inc. approved an amendment to its charter to increase from 490,000,000 to 770,000,000 the number of shares of stock that it has the authority to issue. The company now has authority to issue 770,000,000 shares of stock, consisting of 750,000,000 shares of common stock, $0.01 par value per share, and 20,000,000 shares of preferred stock, $0.01 par value per share. Immediately prior to the amendment, the total number of shares of stock of all classes which the company had authority to issue was 490,000,000 shares of stock, consisting of 470,000,000 shares of common stock, $0.01 par value per share and 20,000,000 shares of preferred stock, $0.01 par value per share.

Spirit Realty Capital, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Affirms Earnings Guidance for 2014

Spirit Realty Capital, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. First quarter 2014 total revenues more than doubled to $144.0 million, compared to $71.0 million in the first quarter of 2013. The increase reflects the benefits derived from both ordinary course real estate acquisitions, as well as the Cole II merger completed in the third quarter of 2013. Net income for the first quarter of 2014 was $14.2 million, or $0.04 per basic and diluted share based on 369.4 million weighted average shares of common stock outstanding, compared to the net loss for the first quarter of 2013 of $8.3 million, or $0.05 per basic and diluted share based on 159.4 million weighted average shares of common stock outstanding. Funds from operations for the first quarter of 2014 were $74.7 million, or $0.20 per diluted share. FFO for the first quarter of 2013 were $21.9 million, or $0.14 per diluted share. Adjusted funds from operations for the first quarter of 2014 totaled $74.6 million, or $0.20 per diluted share, compared to $36.6 million, or $0.23 per diluted share, for the first quarter of 2013. Income from continuing operations income tax expense was $9.7 million against loss of $7 million a year ago. Income from continuing operations was $9.5 million or $0.03 per basic and diluted share against loss of $7 million or $0.04 per basic and diluted share a year ago. Adjusted debt was $3,821.1 million against $1,912.4 million a year ago. EBITDA was $129.4 million against $56.7 million a year ago. Adjusted EBITDA was $130.7 million against $68.9 million a year ago. The company affirmed its previously announced 2014 AFFO guidance in the range of $0.77 to $0.82 per share. This AFFO guidance equates to net income (excluding non-recurring items that are not reflective of ongoing operations) of $0.09 to $0.14 per share plus $0.66 per share of expected real estate depreciation and amortization plus approximately $0.02 per share related to non-cash items and real estate transaction costs.

Spirit Realty Capital, Inc. to Report Q1, 2014 Results on May 08, 2014

Spirit Realty Capital, Inc. announced that they will report Q1, 2014 results at 5:00 PM, Eastern Standard Time on May 08, 2014

Spirit Realty Capital, Inc., Q1 2014 Earnings Call, May 08, 2014

Spirit Realty Capital, Inc., Q1 2014 Earnings Call, May 08, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SRC:US $11.59 USD -0.10

SRC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for SRC.
View Industry Companies
 

Industry Analysis

SRC

Industry Average

Valuation SRC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 8.8x
Price/Book 1.4x
Price/Cash Flow 21.0x
TEV/Sales 1.5x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SPIRIT REALTY CAPITAL INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.