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SPIRIT REALTY CAPITAL, INC.

(SRC)
  Report
Real-time Estimate Cboe BZX  -  02:05 2022-09-26 pm EDT
37.25 USD   -2.86%
08/30JPMorgan Adjusts Spirit Realty Capital's Price Target to $52 from $50, Maintains Overweight Rating
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08/22Spirit Realty Capital, Inc. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
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08/22Spirit Realty Capital Details $800 Million Unsecured Term Loan Facility
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Spirit Realty: Q2 Earnings Snapshot

08/03/2022 | 05:56pm EDT

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

The Dallas-based real estate investment trust said it had funds from operations of $121.1 million, or 90 cents per share, in the period.

The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 88 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 $80.2 million, or 60 cents per share.

The real estate investment trust, based in Dallas, posted revenue of $174.9 million in the period. Its adjusted revenue was $173.6 million, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $172.4 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.
08/30JPMorgan Adjusts Spirit Realty Capital's Price Target to $52 from $50, Maintains Overwe..
MT
08/22Spirit Realty Capital, Inc. : Entry into a Material Definitive Agreement, Creation of a Di..
AQ
08/22Spirit Realty Capital Details $800 Million Unsecured Term Loan Facility
MT
08/22Spirit Realty Capital, Inc. Announces $800.0 Million Unsecured Term Loan Facility
BU
08/09Global markets live: Carlsberg, Novavax, Micron, Snap, Tesla...
MS
08/09Spirit Realty Capital Raises Quarterly Dividend 3.9% to $0.663 a Share, Payable Oct. 14..
MT
08/09Calm prevails ahead of inflation data
MS
08/09Spirit Realty Capital, Inc. Announces Increase in Common Stock Quarterly Dividend from ..
BU
08/09Spirit Realty Capital, Inc. Announces Increase in Common Stock Quarterly Cash Dividend,..
CI
08/04Transcript : Spirit Realty Capital, Inc., Q2 2022 Earnings Call, Aug 04, 2022
CI
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Analyst Recommendations on SPIRIT REALTY CAPITAL, INC.
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Financials (USD)
Sales 2022 702 M - -
Net income 2022 238 M - -
Net Debt 2022 3 583 M - -
P/E ratio 2022 21,8x
Yield 2022 6,73%
Capitalization 5 227 M 5 227 M -
EV / Sales 2022 12,5x
EV / Sales 2023 11,4x
Nbr of Employees -
Free-Float 94,6%
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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 19
Last Close Price 38,34 $
Average target price 48,54 $
Spread / Average Target 26,6%
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
Jay A. Young Executive VP, Chief Administrative & Legal Officer
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