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SPIRIT REALTY CAPITAL, INC.

(SRC)
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Spirit Realty: Q2 Earnings Snapshot

08/03/2021 | 05:52pm EST

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

The real estate investment trust, based in Dallas, said it had funds from operations of $99.9 million, or 86 cents per share, in the period.

The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 77 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 $85.3 million, or 74 cents per share.

The real estate investment trust posted revenue of $164.6 million in the period. Its adjusted revenue was $164.4 million, also beating Street forecasts. Five analysts surveyed by Zacks expected $136.7 million.

Spirit Realty expects full-year funds from operations in the range of $3.24 to $3.30 per share.

The company's shares have risen 24% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $49.90, a climb of 48% in the last 12 months.

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.
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11/18SPIRIT REALTY CAPITAL, INC. : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Y..
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11/02SPIRIT REALTY : Q3 Earnings Snapshot
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11/02Earnings Flash (SRC) SPIRIT REALTY CAPITAL Reports Q3 AFFO $0.84
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Analyst Recommendations on SPIRIT REALTY CAPITAL, INC.
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Financials (USD)
Sales 2021 603 M - -
Net income 2021 163 M - -
Net Debt 2021 2 898 M - -
P/E ratio 2021 32,8x
Yield 2021 5,66%
Capitalization 5 515 M 5 515 M -
EV / Sales 2021 14,0x
EV / Sales 2022 13,0x
Nbr of Employees -
Free-Float 94,2%
Chart SPIRIT REALTY CAPITAL, INC.
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Spirit Realty Capital, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends SPIRIT REALTY CAPITAL, INC.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 44,72 $
Average target price 53,50 $
Spread / Average Target 19,6%
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
Kevin M. Charlton Independent Director
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