Last $11.57 USD
Change Today +0.09 / 0.78%
Volume 4.7M
SRC On Other Exchanges
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Exchange
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As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

spirit realty capital inc (SRC) Snapshot

Open
$11.56
Previous Close
$11.48
Day High
$11.59
Day Low
$11.44
52 Week High
08/20/14 - $12.08
52 Week Low
12/12/13 - $9.52
Market Cap
4.6B
Average Volume 10 Days
4.6M
EPS TTM
$0.11
Shares Outstanding
398.6M
EX-Date
09/26/14
P/E TM
104.0x
Dividend
$0.67
Dividend Yield
5.93%
Current Stock Chart for SPIRIT REALTY CAPITAL INC (SRC)

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spirit realty capital inc (SRC) 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 (SRC) 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 (SRC) Key Developments

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.

Spirit Realty Mulls Acquisitions

Spirit Realty Capital, Inc. (NYSE:SRC) intends to pursue acquisitions. "We continue to increase our tenant and geographic diversification through acquisitions and dispositions. We also look to continue to assess our current tenant concentration," Pete Mavoides, President and Chief Operating Officer, said.

Spirit Realty Capital, Inc. to Report Q3, 2014 Results on Nov 03, 2014

Spirit Realty Capital, Inc. announced that they will report Q3, 2014 results at 5:00 PM, US Eastern Standard Time on Nov 03, 2014

 

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