SRC Spirit Realty Capital Inc

Price (delayed)

$41.8

Market cap

$5.91B

P/E Ratio

23.89

Dividend/share

$2.66

EPS

$1.75

Enterprise value

$9.59B

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

SRC's gross profit is up by 11% YoY

SRC's revenue is up by 11% YoY

SRC's P/E is 48% lower than its 5-year quarterly average of 45.6 but 26% higher than its last 4 quarters average of 18.9

Spirit Realty Capital's EPS has decreased by 14% QoQ and by 8% YoY

The net income has decreased by 13% from the previous quarter

Sector: Real Estate

Industry: REIT - Diversified

Website: http://www.spiritrealty.com

Peers: AIV DRH PMT

Key stats

What are the main financial stats of SRC

Market

Shares outstanding

141.33M

Market cap

$5.91B

Enterprise value

$9.59B

Valuations

Price to earnings (P/E)

23.89

Price to book (P/B)

1.31

Price to sales (P/S)

7.82

EV/EBIT

24.11

EV/EBITDA

13.5

EV/Sales

12.72

Earnings

Revenue

$754.36M

EBIT

$397.96M

EBITDA

$710.86M

Free cash flow

$72.4M

Per share

EPS

$1.75

Free cash flow per share

$0.51

Book value per share

$31.79

Revenue per share

$5.35

TBVPS

$56.94

Balance sheet

Total assets

$8.65B

Total liabilities

$4.16B

Debt

$3.82B

Equity

$4.49B

Working capital

N/A

Liquidity

Debt to equity

0.85

Current ratio

N/A

Quick ratio

N/A

Net debt/EBITDA

5.19

Margins

EBITDA margin

94.2%

Gross margin

95.8%

Net margin

34.3%

Operating margin

37.6%

Efficiency

Return on assets

2.9%

Return on equity

5.5%

Return on invested capital

3.4%

Return on capital employed

N/A

Return on sales

52.8%

Dividend

Dividend yield

6.36%

DPS

$2.66

Payout ratio

151.9%

SRC stock price

How has the Spirit Realty Capital stock price performed over time

Intraday

1.21%

1 week

2.05%

1 month

14.46%

1 year

2.2%

YTD

4.68%

QTD

24.66%

Financial performance

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

Revenue

$754.36M

Gross profit

$723.05M

Operating income

$283.71M

Net income

$258.9M

Gross margin

95.8%

Net margin

34.3%

Spirit Realty Capital's operating margin has decreased by 15% YoY and by 6% from the previous quarter

Spirit Realty Capital's net margin has decreased by 14% QoQ and by 10% YoY

The net income has decreased by 13% from the previous quarter

SRC's gross profit is up by 11% YoY

Growth

What is Spirit Realty Capital's growth rate over time

Valuation

What is Spirit Realty Capital stock price valuation

SRC P/E details

P/E

23.89

P/B

1.31

P/S

7.82

EV/EBIT

24.11

EV/EBITDA

13.5

EV/Sales

12.72

SRC's P/E is 48% lower than its 5-year quarterly average of 45.6 but 26% higher than its last 4 quarters average of 18.9

Spirit Realty Capital's EPS has decreased by 14% QoQ and by 8% YoY

The stock's price to book (P/B) is 9% more than its 5-year quarterly average of 1.2 and 9% more than its last 4 quarters average of 1.2

SRC's revenue is up by 11% YoY

SRC's P/S is 7% above its last 4 quarters average of 7.3

Efficiency

How efficient is Spirit Realty Capital business performance

SRC's return on assets is down by 15% since the previous quarter and by 9% year-on-year

The return on equity has declined by 13% since the previous quarter and by 5% year-on-year

The ROIC has decreased by 11% QoQ and by 2.9% YoY

Spirit Realty Capital's return on sales has decreased by 9% QoQ and by 2.8% YoY

Dividends

What is SRC's dividend history

Dividend details

DPS

$2.66

Dividend yield

6.36%

Payout ratio

151.9%

Recent dividends

Financial health

How did Spirit Realty Capital financials performed over time

Spirit Realty Capital's total assets is 108% higher than its total liabilities

Spirit Realty Capital's total liabilities has increased by 9% YoY

Spirit Realty Capital's total assets has increased by 3.7% YoY

Spirit Realty Capital's debt is 15% lower than its equity

Spirit Realty Capital's debt has increased by 9% YoY

Spirit Realty Capital's debt to equity has increased by 9% YoY

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