SRC Spirit Realty Capital Inc

Price (delayed)

$38.18

Market cap

$5.4B

P/E Ratio

18.72

Dividend/share

$2.6

EPS

$2.04

Enterprise value

$8.96B

Spirit Realty Capital, Inc. is a net-lease real estate investment trust ('REIT') that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases.

Highlights

The net income has soared by 66% YoY and by 10% from the previous quarter

SRC's P/E is 62% lower than its 5-year quarterly average of 49.1 and 13% lower than its last 4 quarters average of 21.6

Spirit Realty Capital's debt has increased by 19% YoY

Sector: Real Estate

Industry: REIT - Diversified

Website: http://www.spiritrealty.com

Peers: DRH AIV PMT

Key stats

What are the main financial stats of SRC

Market

Shares outstanding

141.3M

Market cap

$5.4B

Enterprise value

$8.96B

Valuations

Price to earnings (P/E)

18.72

Price to book (P/B)

1.17

Price to sales (P/S)

7.24

EV/EBIT

22.18

EV/EBITDA

12.86

EV/Sales

12.63

Earnings

Revenue

$709.63M

EBIT

$404.04M

EBITDA

$697.02M

Free cash flow

-$715.72M

Per share

EPS

$2.04

Free cash flow per share

-$5.32

Book value per share

$32.66

Revenue per share

$5.27

TBVPS

$58.15

Balance sheet

Total assets

$8.47B

Total liabilities

$3.91B

Debt

$3.58B

Equity

$4.56B

Working capital

N/A

Liquidity

Debt to equity

0.78

Current ratio

N/A

Quick ratio

N/A

Net debt/EBITDA

5.12

Margins

EBITDA margin

98.2%

Gross margin

95.8%

Net margin

40.2%

Operating margin

40.5%

Efficiency

Return on assets

3.4%

Return on equity

6.2%

Return on invested capital

3.7%

Return on capital employed

N/A

Return on sales

56.9%

Dividend

Dividend yield

6.82%

DPS

$2.6

Payout ratio

127.5%

SRC stock price

How has the Spirit Realty Capital stock price performed over time

Intraday

2.5%

1 week

-1.42%

1 month

-10.27%

1 year

-15.59%

YTD

-4.38%

QTD

-4.38%

Financial performance

How have Spirit Realty Capital's revenue and profit performed over time

Revenue

$709.63M

Gross profit

$679.79M

Operating income

$287.63M

Net income

$285.52M

Gross margin

95.8%

Net margin

40.2%

The net income has soared by 66% YoY and by 10% from the previous quarter

Spirit Realty Capital's net margin has increased by 43% YoY and by 6% QoQ

SRC's revenue is up by 17% YoY and by 4% QoQ

SRC's gross profit is up by 16% YoY and by 3.9% QoQ

Growth

What is Spirit Realty Capital's growth rate over time

Valuation

What is Spirit Realty Capital stock price valuation

P/E

18.72

P/B

1.17

P/S

7.24

EV/EBIT

22.18

EV/EBITDA

12.86

EV/Sales

12.63

SRC's P/E is 62% lower than its 5-year quarterly average of 49.1 and 13% lower than its last 4 quarters average of 21.6

Spirit Realty Capital's EPS has surged by 50% YoY and by 7% QoQ

The equity is up by 14% year-on-year

The stock's price to book (P/B) is 2.5% less than its 5-year quarterly average of 1.2 and 2.5% less than its last 4 quarters average of 1.2

SRC's revenue is up by 17% YoY and by 4% QoQ

SRC's P/S is 11% below its 5-year quarterly average of 8.1 and 8% below its last 4 quarters average of 7.9

Efficiency

How efficient is Spirit Realty Capital business performance

SRC's return on assets is up by 48% year-on-year and by 6% since the previous quarter

The return on equity has increased by 44% year-on-year and by 7% since the previous quarter

Spirit Realty Capital's return on sales has increased by 26% YoY and by 4.8% QoQ

The ROIC has increased by 23% YoY and by 6% QoQ

Dividends

What is SRC's dividend history

Dividend details

DPS

$2.6

Dividend yield

6.82%

Payout ratio

127.5%

Recent dividends

Financial health

How did Spirit Realty Capital financials performed over time

Spirit Realty Capital's total assets is 117% higher than its total liabilities

Spirit Realty Capital's total liabilities has increased by 17% YoY and by 2.4% from the previous quarter

Spirit Realty Capital's total assets has increased by 16% YoY

Spirit Realty Capital's debt is 22% lower than its equity

Spirit Realty Capital's debt has increased by 19% YoY

The equity is up by 14% year-on-year

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.