Spirit MTA REIT

Symbol: SMTA
CIK: 1722992
Exchange: NYSE
Founded: 2018 (1 years)
HQ: Dallas, TX, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Retail, Health Care
Externally Managed REIT

See SMTA on Google Finance
See SMTA on Yahoo Finance
See SMTA on SEC.gov

Website Logo  Twitter Logo  Linkedin Logo 


Spirit MTA REIT Company Logo

  Click on rating to expand

 N/A   Dividend Section Rating

Rating Dividend Section Avg. Rating
N/A Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.5
0 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.5
N/A Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 6.9
0 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 5.8
N/A AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 7.0

 N/A   Leverage Section Rating

Rating Leverage Section Avg. Rating
N/A Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.6
N/A Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 7.3
N/A Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
N/A Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.0
N/A Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 6.3
0 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.1

 N/A   Asset & Revenue Section Rating

Rating Asset & Revenue Section Avg. Rating
N/A G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 6.9
N/A G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.7
N/A Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
N/A Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3


REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

Stock Chart

See in Advanced Graph View

Hightlights of Trading Day August 16, 2019


Open Price: $8.59
Closing Price: $8.56
Price Change: -0.01 (-0.117%)
Lowest Price: $8.52
Highest Price: $8.64

52-Week Low: $6.36
52-Week High: $11.61
52-Week Change: -18.32%

5 Day Price Change: 1.54%
1 Month Price Change: 1.30%
3 Month Price Change: 21.42%
6 Month Price Change: 8.91%
YTD Price Change: 18.89%
1 Year Price Change: -18.32%
2 Year Price Change: -31.80%
5 Year Price Change: -31.80%

Dividend of Trading Day August 16, 2019


Dividend Yield: 3.855%*
Annualized Dividend: $0.33*
Dividend Yield (TTM):
Annualized Dividend (TTM): $1.32
Ex Dividend Date: 2019-06-27
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


See more news headlines for Spirit MTA REIT

Funds From Operations (FFO)


Login to see Funds From Operations (FFO) Locked, Login to see more

Key Stats of Trading Day August 16, 2019


Total Cash: $205,100,000
Current Debt: $193,819,000
Revenue: $245,607,000
Gross Profit: $129,338,000
Total Revenue: $245,607,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $199,907,000
Revenue Per Share: $6
Revenue Per Employee: N/A
Employee: N/A
Debt to Equity Ratio (D/E): 32.63
Profit Margin: -0.90%
Enterprise Value (EV): $2,303,153,600
Enterprise Value to Revenue (EV/R): 9.38
Price to Sales (P/S): 1.50
Price to Book (P/B): 5.62
Peg Ratio: N/A
P/E Ratio: -1.29
P/E High: N/A
P/E Low: N/A
Forward P/E Ratio: N/A
Market Capitalization: $369,449,600
Beta: 0.49
Latest Volume: 119,172.00
Avg. Total Volume: 368,430
Avg. 10 Volume: 492,034.70
Avg. 30 Volume: 368,429.70
TTM EPS: -6.64
TTM Dividend Rate: 1.32
Shares Outstanding: 43,160,000
Float: 42,745,534.52
50-Day Moving Avg.: 8.49
200-Day Moving Avg.: 8.08

Latest REIT Community Comments on #SMTA


See more community comments related to SMTA

Properties Owned by SMTA


Properties owned:
888
Types:
4
States:
5
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
SMTA Sample Property
Please visit this REIT’s official webpage to learn more.

Dividend History


Below are the most recent cash dividends paid by SMTA, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

Login to see Dividend History Locked, Login to see more

Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 152,393,000 137,735,000 205,100,000 37,344,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 0 0 0
Property, Plant & Equipment Net 0 0 0 0
Goodwill 7,012,000 7,012,000 7,012,000 13,549,000
Intangible Assets 71,051,000 75,722,000 79,314,000 104,937,000
Other Assets 29,574,000 14,661,000 9,863,000 31,316,000
Net Tangible Assets -180,093,000 -155,264,000 -102,622,000 101,118,000
Total Assets 2,012,651,000 2,044,535,000 2,305,649,000 2,384,716,000
Accounts Payable 0 0 0 0
Liabilities (Other) 62,699,000 53,795,000 101,305,000 55,107,000
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 18,427,000 27,460,000 193,819,000 8,900,000
Long-term Debt 1,956,084,000 1,953,479,000 1,944,985,000 1,984,672,000
Total Liabilities 2,037,210,000 2,034,734,000 2,240,109,000 2,048,679,000
Minority Interest 0 0 0 0
Common Stock 432,000 431,000 430,000 430,000
Retained Earnings -382,380,000 -347,579,000 -291,071,000 -19,841,000
Treasury Stock 0 0 0 0
Capital Surplus 202,264,000 201,824,000 201,056,000 200,448,000
Shareholder Equity -24,559,000 9,801,000 65,540,000 336,037,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 50,321,000 55,512,000 62,671,000 62,236,000
Cost of Revenue 25,587,000 27,929,000 34,676,000 31,072,000
Gross Profit 24,734,000 27,583,000 27,995,000 31,164,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 26,732,000 33,981,000 37,084,000 32,867,000
Operating Income 23,589,000 21,531,000 25,587,000 29,369,000
Income Expense Net (Other) -40,114,000 -59,767,000 -235,569,000 -32,883,000
EBIT 23,589,000 21,531,000 25,587,000 29,369,000
Interest Income 27,575,000 32,335,000 31,570,000 27,672,000
Pretax Income -16,525,000 -38,236,000 -209,982,000 -3,514,000
Income Tax 41,000 34,000 82,000 60,000
Minority Interest 0 0 0 0
Net Income -16,614,000 -38,343,000 -210,264,000 -3,623,000
Net Income Basic -20,597,000 -42,318,000 -214,239,000 -7,598,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income -16,614,000 -38,343,000 -210,264,000 -3,623,000
Depreciation 17,290,000 19,406,000 21,607,000 20,969,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 14,658,000 -67,365,000 167,756,000 -60,315,000
Cash Flow 10,099,000 18,810,000 29,946,000 19,928,000
Capital Expenditures -2,146,000 -1,421,000 -486,000 -697,000
Investments 11,918,000 5,257,000 8,135,000 -67,622,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 31,818,000 5,192,000 8,973,000 -67,581,000
Dividends Paid -18,201,000 -61,166,000 -18,165,000 -3,975,000
Net Borrowings -9,033,000 -30,165,000 147,001,000 -8,687,000
Cash Flow Financing -27,259,000 -91,367,000 128,837,000 -12,662,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Spirit MTA REIT


DALLAS, May 1, 2018 /PRNewswire/ -- Spirit Realty Capital, Inc. (NYSE:SRC) ("Spirit" or the "Company") announced today that its Board of Directors has formally declared the distribution of common stock of Spirit MTA REIT ("SMTA") in connection with the spin-off of SMTA from Spirit Realty Capital, Inc. Following the distribution, SMTA will be an independent, publicly-traded real estate investment trust ("REIT") that owns the assets that collateralize Master Trust 2014 (a stand-alone asset-backed securitization program), substantially all the properties leased to Shopko Retail Shops Holding Corp. ("Shopko") and certain of its affiliates, as well as certain other assets. As of June 30, 2018, our diversified portfolio was comprised of 888 properties, leased to 205 tenants across 23 industries. A typical transaction has the following characteristics:

Related REITs


REIT Exchange Market Capitalization Sector Country
Investors Real Estate Trust, Inc. (IRET) NYSE Small-Cap Diversified Residential Office Retail Health Care United States