SPIRIT REALTY CAPITAL, INC.

(SRC)
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Real-time Estimate Cboe BZX  -  09:45 2022-06-30 am EDT
37.82 USD   -1.50%
06/29SPIRIT REALTY CAPITAL, INC. : Ex-dividend day for
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06/24SPIRIT REALTY CAPITAL, INC.(NYSE : SRC) added to Russell 1000 Defensive Index
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06/24SPIRIT REALTY CAPITAL, INC.(NYSE : SRC) added to Russell 1000 Value-Defensive Index
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Spirit Realty: Q1 Earnings Snapshot

05/03/2022 | 05:12pm EDT

DALLAS (AP) _ Spirit Realty Capital Inc. (SRC) on Tuesday reported a key measure of profitability in its first quarter. The results surpassed Wall Street expectations.

The Dallas-based real estate investment trust said it had funds from operations of $113.3 million, or 88 cents per share, in the period.

The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 87 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $53.5 million, or 42 cents per share.

The real estate investment trust, based in Dallas, posted revenue of $168.4 million in the period. Its adjusted revenue was $167.1 million, which also topped Street forecasts. Six analysts surveyed by Zacks expected $162.7 million.

Spirit Realty expects full-year funds from operations in the range of $3.52 to $3.58 per share.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRC at https://www.zacks.com/ap/SRC

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

All news about SPIRIT REALTY CAPITAL, INC.
06/29SPIRIT REALTY CAPITAL, INC. : Ex-dividend day for
FA
06/24SPIRIT REALTY CAPITAL, INC.(NYSE : SRC) added to Russell 1000 Defensive Index
CI
06/24SPIRIT REALTY CAPITAL, INC.(NYSE : SRC) added to Russell 1000 Value-Defensive Index
CI
06/14JPMorgan Adjusts Spirit Realty Capital Price Target to $50 From $59, Maintains Overweig..
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06/01Truist Securities Adjusts Price Target on Spirit Realty Capital to $52 From $56, Reiter..
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05/20SPIRIT REALTY CAPITAL, INC. : Change in Directors or Principal Officers, Submission of Mat..
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05/19Spirit Realty Capital Maintains Quarterly Dividend at $0.6380 a Share, Payable July15 t..
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05/19Spirit Realty Capital Inc. Announces Quarterly Cash Dividend for Common and Preferred S..
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05/19Spirit Realty Capital Inc. Declares Quarterly Cash Dividend for Common Stock, Payable o..
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05/16Raymond James Adjusts Spirit Realty Capital's Price Target to $48 from $53, Keeps Outpe..
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Financials (USD)
Sales 2022 701 M - -
Net income 2022 214 M - -
Net Debt 2022 3 570 M - -
P/E ratio 2022 24,6x
Yield 2022 6,71%
Capitalization 5 156 M 5 156 M -
EV / Sales 2022 12,4x
EV / Sales 2023 11,5x
Nbr of Employees -
Free-Float 94,6%
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Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 38,39 $
Average target price 50,22 $
Spread / Average Target 30,8%
EPS Revisions
Managers and Directors
Jackson Hsieh President, Chief Executive Officer & Director
Michael C. Hughes Chief Financial Officer & Executive Vice President
Richard I. Gilchrist Chairman
Kenneth Heimlich Chief Investment Officer & Executive VP
Jay A. Young Executive VP, Chief Administrative & Legal Officer
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