Last €9.66 EUR
Change Today +0.073 / 0.76%
Volume 0.0
21S On Other Exchanges
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As of 2:00 AM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

spirit realty capital inc (21S) Snapshot

Open
€9.66
Previous Close
€9.59
Day High
€9.66
Day Low
€9.66
52 Week High
12/22/14 - €9.66
52 Week Low
12/30/13 - €6.97
Market Cap
3.8B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
398.6M
EX-Date
12/29/14
P/E TM
--
Dividend
€0.68
Dividend Yield
5.11%
Current Stock Chart for SPIRIT REALTY CAPITAL INC (21S)

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spirit realty capital inc (21S) Details

Spirit Realty Capital, Inc is a publicly traded real estate investment trust. The firm primarily acquires across the United States single tenant operationally essential real estate, which refers to generally free-standing, commercial real estate facilities where tenants conduct retail, service or distribution activities that are essential to the generation of their sales and profits. The firm was formerly known as Spirit Finance Corp. Spirit Realty Capital, Inc was formed on August 14, 2003 and is domiciled in the United States.

59 Employees
Last Reported Date: 03/4/14
Founded in 2003

spirit realty capital inc (21S) Top Compensated Officers

Chief Executive Officer and Chairman
Total Annual Compensation: $1.0M
President and Chief Operating Officer
Total Annual Compensation: $586.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $456.4K
Executive Vice President of Asset Management
Total Annual Compensation: $326.0K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $326.0K
Compensation as of Fiscal Year 2013.

spirit realty capital inc (21S) Key Developments

Spirit Realty Seeks Acquisitions

Spirit Realty Capital, Inc. (NYSE:SRC) will consider acquisitions. Spirit Realty has issued $510 million aggregate principal amount of net-lease mortgage notes. Spirit intends to use the proceeds from the sale of the notes to repay borrowings under its revolving credit facility, to fund future acquisition activity and for general corporate purposes.

Spirit Realty Capital Announces Pricing of $510 Million A+ Rated Net-Lease Mortgage Notes

Spirit Realty Capital, Inc. announced that it has launched and priced a private offering of $510 million aggregate principal amount of net-lease mortgage notes to be issued by certain of its indirectly-owned, bankruptcy remote subsidiaries through its Spirit Master Funding securitization structure. The notes will be issued in two classes of a 2014-4 Series, both of which are anticipated to be rated A+ by Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc. The $150 million principal amount of Class A-1 notes will have a stated interest rate of 3.5014%, and will be interest only with an anticipated repayment date in January 2020 and a legal final payment date in January 2045. The $360 million principal amount of Class A-2 notes will have a stated interest rate of 4.6291%, and have scheduled amortization beginning at 36 months after issuance with an anticipated repayment date in January 2030 and a weighted average life of 11.1 years and a legal final payment date in January 2045. The aggregate $510 million principal amount of notes have a weighted average life of 9.4 years and will be sold to initial purchasers at 99.8159% of the aggregate principal amount in the case of the Class A-1 notes and 99.7563% in the case of the A-2 notes, for a weighted average effective interest rate of 4.464% and a blended coupon rate of 4.4230%. Spirit Master Funding, LLC, Spirit Master Funding II, LLC, Spirit Master Funding III, LLC, Spirit Master Funding VI, LLC and Spirit Master Funding VIII, LLC will be the issuers of the notes, and the notes will be solely payable from their assets, which consist primarily of fee title to commercial real estate properties and the Issuers' rights in net leases of such properties, and mortgage loans that are secured by fee title to commercial real estate property and all future payments required there under.

Spirit Realty Capital, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Full Year 2014; Initiates Earnings Guidance for the Full Year 2015

Spirit Realty Capital, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's total revenues were $152,295,000 against $136,847,000 a year ago. Income from continuing operations before other income and income tax expense was $5,758,000 against loss of $22,336,000 a year ago. Income from continuing operations before income tax expense was $5,970,000 against loss of $22,336,000 a year ago. Income from continuing operations was $5,728,000 or $0.02 basic and diluted per share against loss of $23,139,000 or $0.07 basic and diluted per share a year ago. Net income was $7,670,000 or $0.02 basic and diluted per share against loss of $21,908,000 or $0.07 basic and diluted per share a year ago. Funds from operations was $80,716,000 or $0.20 basic and diluted per share against $27,883,000 or $0.08 basic and diluted per share a year ago. Adjusted funds from operations was $83,103,000 or $0.21 basic and diluted per share against $64,078,000 or $0.19 basic and diluted per share a year ago. EBITDA was $123,516,000 against $78,435,000 a year ago. Adjusted EBITDA was $135,231,000 against $124,702,000 a year ago. For the nine months, the company's total revenues were $448,056,000 against $280,229,000 a year ago. Loss from continuing operations before other income and income tax expense was $8,622,000 against $40,559,000 a year ago. Loss from continuing operations before income tax expense was $73,118,000 against loss of $40,559,000 a year ago. Loss from continuing operations was $73,704,000 or $0.18 basic and diluted per share against $41,505,000 or $0.19 basic and diluted per share a year ago. Net loss was $67,912,000 or $0.18 basic and diluted per share against $41,909,000 or $0.19 basic and diluted per share a year ago. Funds from operations was $156,280,000 or $0.41 basic and diluted per share against $71,137,000 or $0.33 basic and diluted per share a year ago. Adjusted funds from operations was $236,375,000 or $0.61 basic and diluted per share against $137,754,000 or $0.63 basic and diluted per share a year ago. The company narrows 2014 AFFO guidance range to $0.81 to $0.83 per share. This AFFO guidance equates to expected net income (excluding non-recurring items that are not reflective of ongoing operations) of $0.15 to $0.17 per share plus $0.64 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. 2014 AFFO was previously improved to $0.80 to $0.83 per share. The company initiates 2015 AFFO guidance with an expected range of $0.84 to $0.86 per share. This AFFO guidance equates to anticipated net income (excluding non-recurring items that are not reflective of ongoing operations) of $0.22 to $0.24 per share plus $0.61 per share of expected real estate depreciation and amortization plus approximately $0.01 per share related to non-cash items and real estate transaction costs.

 

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