Spirit Realty Capital, Inc. | REIT Profile

Symbol: SRC
CIK: 1308606
Exchange: NYSE
Preferred Stock: SRC-A
Founded: 2003 (19 years)
HQ: Dallas, TX, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Retail, Office, Industrial
Internally Managed REIT

See SRC on Google Finance
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See SRC on SEC.gov

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Overall Score: 8.8

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 18, 2022


Open Price: $49.52
Closing Price: $48.23
Price Change: -1.38 (-2.782%)
Lowest Price: $48.08
Highest Price: $49.5

52-Week Low: $35.99
52-Week High: $50.90
52-Week Change: 37.24%

5 Day Price Change: 3.01%
1 Month Price Change: 9.13%
3 Month Price Change: 4.52%
6 Month Price Change: 5.07%
YTD Price Change: 2.95%
1 Year Price Change: 37.24%
2 Year Price Change: 9.83%
5 Year Price Change: 39.73%

Dividend of Trading Day January 18, 2022


Dividend Yield: 5.291%*
Annualized Dividend: $2.552*
Dividend Yield (TTM): 4.992%
Annualized Dividend (TTM): $2.4766
Ex-Dividend Date: 2021-12-30
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. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day January 18, 2022


Total Cash: $15,564,000
Current Debt: $203,923,000
Revenue: $580,967,000
Gross Profit: $580,967,000
Total Revenue: $580,967,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $503,816,000
Revenue Per Share: $5
Revenue Per Employee: N/A
Employee: 82
Debt to Equity Ratio (D/E): 1.80
Profit Margin: 0.25%
Enterprise Value (EV): $8,867,400,809
Enterprise Value to Revenue (EV/R): 15.26
Price to Sales (P/S): 10.52
Price to Book (P/B): 1.66
Price/Earnings-to-Growth (PEG) Ratio: 0.03
P/E Ratio: 38.28
P/E High: 28.31
P/E Low: 20.33
Forward P/E Ratio: 33.98
Market Capitalization: $5,947,508,301
Beta: 0.92
Latest Volume: 1,364,436
Avg. Total Volume: 824,849
Avg. 10-Day Volume: 1,126,456
Avg. 30-Day Volume: 824,849
TTM EPS: 1.26
Shares Outstanding: 123,315,536
Float: N/A
50-Day Moving Avg.: $46.87
200-Day Moving Avg.: $47.79

Latest REIT Community Comments on #SRC


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Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $50.34 per share you would have been able to buy 19 shares of SRC on 2021-01-19 costing $956.46 @ $50.34 per share you would have been able to buy 9 shares of SRC on 2021-01-19 costing $453.06 @ $50.34 per share you would have been able to buy 4 shares of SRC on 2021-01-19 costing $201.36 @ $50.34 per share you would have been able to buy 1 shares of SRC on 2021-01-19 costing $50.34 @ $50.34 per share you would have been able to buy 0 shares of SRC on 2021-01-19 costing $0.00
Current worth On 2022-01-18 these 19 shares would be worth $916.37 @ $48.23 On 2022-01-18 these 9 shares would be worth $434.07 @ $48.23 On 2022-01-18 these 4 shares would be worth $192.92 @ $48.23 On 2022-01-18 these 1 shares would be worth $48.23 @ $48.23 On 2022-01-18 these 0 shares would be worth $0.00 @ $48.23
Dividends earned $47.99 in dividends would have been earned since 2021-01-19 with 19 shares. $23 in dividends would have been earned since 2021-01-19 with 9 shares. $10.10 in dividends would have been earned since 2021-01-19 with 4 shares. $2.53 in dividends would have been earned since 2021-01-19 with 1 shares. $0.00 in dividends would have been earned since 2021-01-19 with 9 shares.
Net (gain / loss)* 7.90 USD 3.74 USD 1.66 USD 0.42 USD 0.00 USD
ROI** 0.83% 0.83% 0.83% 0.83% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by SRC. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
SRC 2021-12-30 0.638 --- 2021-11-17 2021-12-31 2022-01-14
SRC 2021-09-29 0.638 2.08% 2021-08-03 2021-09-30 2021-10-15
SRC 2021-06-29 0.625 --- 2021-05-19 2021-06-30 2021-07-15
SRC 2021-03-30 0.625 --- 2021-02-17 2021-03-31 2021-04-15
SRC 2020-12-30 0.625 --- 2020-12-02 2020-12-31 2021-01-15
SRC 2020-09-29 0.625 --- 2020-08-31 2020-09-30 2020-10-15
SRC 2020-06-29 0.625 --- 2020-05-22 2020-06-30 2020-07-15
SRC 2020-03-30 0.625 --- 2020-03-03 2020-03-31 2020-04-15
SRC 2019-12-30 0.625 --- 2019-12-02 2019-12-31 2020-01-15
SRC 2019-09-27 0.625 --- 2019-08-27 2019-09-30 2019-10-15
SRC 2019-06-27 0.625 --- 2019-05-30 2019-06-28 2019-07-15
SRC 2019-03-28 0.625 400.00% 2019-03-04 2019-03-29 2019-04-15
SRC 2018-12-28 0.125 --- 2018-12-05 2018-12-31 2019-01-15
SRC 2018-09-27 0.125 -30.56% 2018-08-30 2018-09-28 2018-10-15
SRC 2018-06-28 0.180 --- 2018-06-05 2018-06-29 2018-07-13
SRC 2018-03-29 0.180 --- 2018-03-05 2018-03-30 2018-04-13
SRC 2017-12-28 0.180 --- 2017-12-08 2017-12-29 2018-01-12
SRC 2017-09-28 0.180 --- 2017-09-15 2017-09-29 2017-10-13
SRC 2017-06-28 0.180 --- 2017-06-15 2017-06-30 2017-07-14
SRC 2017-03-29 0.180 --- 2017-03-15 2017-03-31 2017-04-14

Earnings Press Releases


Below are the Earnings Press Releases for SRC. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2021 Q3 SPIRIT REALTY CAPITAL, INC. ANNOUNCES THIRD QUARTER OF 2021 FINANCIAL AND OPERATING RESULTS
2021 Q2 SPIRIT REALTY CAPITAL, INC. ANNOUNCES SECOND QUARTER OF 2021 FINANCIAL AND OPERATING RESULTS
2021 Q1 SPIRIT REALTY CAPITAL, INC. ANNOUNCES FIRST QUARTER OF 2021 FINANCIAL AND OPERATING RESULTS

Financial Statements Overview


The next Earnings Report for SRC is 2022-02-14

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 15,564,000 9,403,000 261,889,000 70,303,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 15,564,000 9,403,000 261,889,000 438,292,000
Current Assets (Other) 0 0 0 367,989,000
Short Term Investments 0 0 0 367,989,000
Long-term Investments 6,879,669,000 6,703,789,000 6,433,299,000 5,958,494,000
Property, Plant & Equipment Net 6,033,053,000 5,836,631,000 5,665,273,000 5,542,276,000
Goodwill 225,600,000 225,600,000 225,600,000 225,600,000
Intangible Assets 425,442,000 383,420,000 365,737,000 0
Other Assets 182,604,000 236,355,000 153,230,000 190,618,000
Net Tangible Assets 3,021,411,000 2,909,627,000 2,767,542,000 3,209,343,000
Total Assets 6,895,233,000 6,713,192,000 6,695,188,000 6,396,786,000
Accounts Payable 0 0 0 0
Liabilities (Other) 129,300,000 123,640,000 120,138,000 121,902,000
Current Liabilities (Other) 154,623,000 169,153,000 138,232,000 167,423,000
Total Current Liabilities 203,923,000 182,153,000 138,232,000 167,423,000
Current Long-term Debt 49,300,000 13,000,000 0 0
Long-term Debt 2,723,380,000 2,722,575,000 2,911,762,000 2,506,341,000
Total Liabilities 3,056,603,000 3,028,368,000 3,170,132,000 2,795,666,000
Minority Interest 0 0 0 0
Common Stock 119,775,871 115,005,740 114,673,218 109,771,406
Retained Earnings -2,800,129,000 -2,758,793,000 -2,768,785,000 -2,688,647,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 3,838,630,000 3,684,824,000 3,525,056,000 3,601,120,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 152,568,000 164,626,000 135,141,000 128,632,000
Cost of Revenue 0 0 0 0
Gross Profit 152,568,000 164,626,000 135,141,000 128,632,000
Research and Development 0 0 0 0
Selling General and Admin 13,103,000 13,450,000 13,046,000 11,984,000
Operating Expense 82,387,000 80,100,000 75,827,000 74,113,000
Operating Income 70,181,000 84,526,000 59,314,000 54,519,000
Income Expense Net (Other) 0 0 0 0
EBIT 70,181,000 84,526,000 59,314,000 54,519,000
Interest Income 25,078,000 26,170,000 26,624,000 26,307,000
Pretax Income 41,122,000 88,053,000 -1,381,000 29,037,000
Income Tax 244,000 129,000 88,000 -133,000
Minority Interest 0 0 0 0
Net Income 38,291,000 85,336,000 -4,057,000 25,855,000
Net Income Basic 38,291,000 85,336,000 -4,057,000 25,855,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 38,291,000 85,336,000 -4,057,000 25,855,000
Depreciation 63,061,000 60,074,000 57,087,000 212,620,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 15,564,000 9,403,000 261,889,000 70,303,000
Cash Flow 83,890,000 127,062,000 64,431,000 107,788,000
Capital Expenditures -4,121,000 -989,000 -1,638,000 -12,659,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -285,970,000 -214,114,000 -181,254,000 -394,984,000
Dividends Paid 0 0 0 0
Net Borrowings 2,757,116,000 2,726,172,000 2,649,873,000 2,068,049,000
Cash Flow Financing 150,087,000 -107,280,000 295,414,000 241,005,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

Related Information


Material Source Description
SPIRIT MTA REIT PUBLICLY FILES SECOND AMENDMENT TO FORM 10 REGISTRATION STATEMENT IN CONNECTION WITH PLANNED SPIN-OFF FROM SPIRIT REALTY CAPITAL Press Release on REIT's website DALLAS, May 4, 2018 /PRNewswire/ -- Spirit Realty Capital, Inc. (NYSE: SRC) ("Spirit" or the "Company") announced today that its subsidiary, Spirit MTA REIT ("SMTA"), has publicly filed with the U.S. Securities and Exchange Commission (the "SEC") a second amendment to its registration statement on Form 10 in connection with the previously announced spin-off of certain assets of the Company into SMTA and the subsequent distribution of SMTA's common shares of beneficial interest to the Company's common stockholders. A link to the filing can be found in the Investor Relations section of Spirit Realty Capital's website at www.spiritrealty.com.

About Spirit Realty Capital, Inc.


Spirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease real estate investment trust (REIT) that primarily invests in high-quality, operationally essential real estate, subject to long-term, net leases. Over the past decade, Spirit has become an industry leader and owner of income-producing, strategically located retail, industrial and office properties providing superior risk adjusted returns and steady dividend growth for our shareholders. As of June 30, 2017, our diversified portfolio was comprised of 2,549 properties, including properties securing mortgage loans made by the Company. Our properties, with an aggregate gross leasable area of approximately 51 million square feet, are leased to approximately 432 tenants across 49 states and 30 industries.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
9 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.8
10 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
6 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 7.7
8 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
8 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
8 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
10 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
7 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
4 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
8.8 Overall REITRating™ Score (See trend) 6.1

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.

Last updated: 2022-01-19 - v2.9