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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.01
SRC's Cash to Debt is ranked lower than
53% of the 801 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.05 vs. SRC: 0.01 )
SRC' s 10-Year Cash to Debt Range
Min: 0.01   Max: No Debt
Current: 0.01

Equity to Asset 0.43
SRC's Equity to Asset is ranked higher than
65% of the 825 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.48 vs. SRC: 0.43 )
SRC' s 10-Year Equity to Asset Range
Min: 0.16   Max: 0.84
Current: 0.43

0.16
0.84
F-Score: 5
Z-Score: 0.70
M-Score: -2.41
WACC vs ROIC
5.77%
0.05%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 3/10

vs
industry
vs
history
Operating margin (%) 0.68
SRC's Operating margin (%) is ranked lower than
51% of the 832 Companies
in the Global REIT - Diversified industry.

( Industry Median: 40.44 vs. SRC: 0.68 )
SRC' s 10-Year Operating margin (%) Range
Min: -24.86   Max: 67.79
Current: 0.68

-24.86
67.79
Net-margin (%) -4.14
SRC's Net-margin (%) is ranked higher than
51% of the 833 Companies
in the Global REIT - Diversified industry.

( Industry Median: 32.79 vs. SRC: -4.14 )
SRC' s 10-Year Net-margin (%) Range
Min: -404.9   Max: 36.16
Current: -4.14

-404.9
36.16
ROE (%) -0.77
SRC's ROE (%) is ranked higher than
52% of the 841 Companies
in the Global REIT - Diversified industry.

( Industry Median: 6.61 vs. SRC: -0.77 )
SRC' s 10-Year ROE (%) Range
Min: -29.33   Max: 6.6
Current: -0.77

-29.33
6.6
ROA (%) -0.33
SRC's ROA (%) is ranked higher than
52% of the 845 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.92 vs. SRC: -0.33 )
SRC' s 10-Year ROA (%) Range
Min: -8.59   Max: 2.42
Current: -0.33

-8.59
2.42
ROC (Joel Greenblatt) (%) 0.07
SRC's ROC (Joel Greenblatt) (%) is ranked higher than
51% of the 760 Companies
in the Global REIT - Diversified industry.

( Industry Median: 6.41 vs. SRC: 0.07 )
SRC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -5.23   Max: 7.27
Current: 0.07

-5.23
7.27
Revenue Growth (3Y)(%) -34.60
SRC's Revenue Growth (3Y)(%) is ranked higher than
52% of the 637 Companies
in the Global REIT - Diversified industry.

( Industry Median: -0.20 vs. SRC: -34.60 )
SRC' s 10-Year Revenue Growth (3Y)(%) Range
Min: -34.6   Max: 232.2
Current: -34.6

-34.6
232.2
EBITDA Growth (3Y)(%) -35.40
SRC's EBITDA Growth (3Y)(%) is ranked higher than
51% of the 572 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.50 vs. SRC: -35.40 )
SRC' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 178
Current: -35.4

0
178
» SRC's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

SRC Guru Trades in Q4 2013

John Keeley 5,173,280 sh (+4.66%)
Jeremy Grantham 13,398 sh (-17.57%)
Steven Cohen 15,572 sh (-47.87%)
» More
Q1 2014

SRC Guru Trades in Q1 2014

Jim Simons 497,400 sh (New)
Manning & Napier Advisors, Inc 386,869 sh (New)
Louis Moore Bacon 50,000 sh (New)
John Keeley 5,216,640 sh (+0.84%)
Steven Cohen Sold Out
Jeremy Grantham Sold Out
» More
Q2 2014

SRC Guru Trades in Q2 2014

Jim Simons 4,305,100 sh (+765.52%)
Steven Cohen 311,200 sh (unchged)
Louis Moore Bacon Sold Out
Manning & Napier Advisors, Inc 365,106 sh (-5.63%)
John Keeley 4,867,003 sh (-6.7%)
» More
Q3 2014

SRC Guru Trades in Q3 2014

Manning & Napier Advisors, Inc Sold Out
Steven Cohen Sold Out
John Keeley 4,802,153 sh (-1.33%)
Jim Simons 1,198,100 sh (-72.17%)
» More
» Details

Insider Trades

Latest Guru Trades with SRC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Keeley 2013-09-30 New Buy0.84%$8.44 - $9.739 $ 12.8640%4942999
John Keeley 2013-06-30 Sold Out 0.84%$9.219 - $11.944 $ 12.8620%0
John Keeley 2013-03-31 Add 32.17%0.2%$17.62 - $20.19 $ 12.86-33%2259085
John Keeley 2012-12-31 New Buy0.68%$15.68 - $17.61 $ 12.86-21%1709220
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
Forward P/E 63.29
SRC's Forward P/E is ranked higher than
69% of the 927 Companies
in the Global REIT - Diversified industry.

( Industry Median: 31.75 vs. SRC: 63.29 )
N/A
P/B 1.60
SRC's P/B is ranked higher than
66% of the 927 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.36 vs. SRC: 1.60 )
SRC' s 10-Year P/B Range
Min: 1   Max: 1.66
Current: 1.6

1
1.66
P/S 8.30
SRC's P/S is ranked higher than
70% of the 927 Companies
in the Global REIT - Diversified industry.

( Industry Median: 8.16 vs. SRC: 8.30 )
SRC' s 10-Year P/S Range
Min: 1.91   Max: 8.3
Current: 8.3

1.91
8.3
POCF 21.43
SRC's POCF is ranked higher than
66% of the 927 Companies
in the Global REIT - Diversified industry.

( Industry Median: 18.69 vs. SRC: 21.43 )
SRC' s 10-Year POCF Range
Min: 5.63   Max: 28.8
Current: 21.43

5.63
28.8
EV-to-EBIT 2276.51
SRC's EV-to-EBIT is ranked higher than
55% of the 927 Companies
in the Global REIT - Diversified industry.

( Industry Median: 35.70 vs. SRC: 2276.51 )
SRC' s 10-Year EV-to-EBIT Range
Min: -712.7   Max: 2273.4
Current: 2276.51

-712.7
2273.4
Current Ratio 2.75
SRC's Current Ratio is ranked higher than
91% of the 770 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.86 vs. SRC: 2.75 )
SRC' s 10-Year Current Ratio Range
Min: 0.08   Max: 4.8
Current: 2.75

0.08
4.8
Quick Ratio 2.75
SRC's Quick Ratio is ranked higher than
91% of the 770 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.77 vs. SRC: 2.75 )
SRC' s 10-Year Quick Ratio Range
Min: 0.08   Max: 4.8
Current: 2.75

0.08
4.8
Days Sales Outstanding 69.24
SRC's Days Sales Outstanding is ranked higher than
62% of the 927 Companies
in the Global REIT - Diversified industry.

( Industry Median: 33.63 vs. SRC: 69.24 )
SRC' s 10-Year Days Sales Outstanding Range
Min: 69.31   Max: 260.66
Current: 69.24

69.31
260.66

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 5.20
SRC's Dividend Yield is ranked higher than
67% of the 836 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.05 vs. SRC: 5.20 )
SRC' s 10-Year Dividend Yield Range
Min: 1.65   Max: 7.49
Current: 5.2

1.65
7.49
Dividend Payout 4.35
SRC's Dividend Payout is ranked higher than
55% of the 927 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.29 vs. SRC: 4.35 )
SRC' s 10-Year Dividend Payout Range
Min: 1.41   Max: 8.3
Current: 4.35

1.41
8.3
Yield on cost (5-Year) 5.20
SRC's Yield on cost (5-Year) is ranked higher than
60% of the 839 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.40 vs. SRC: 5.20 )
SRC' s 10-Year Yield on cost (5-Year) Range
Min: 1.65   Max: 7.49
Current: 5.2

1.65
7.49
Share Buyback Rate -73.00
SRC's Share Buyback Rate is ranked higher than
52% of the 601 Companies
in the Global REIT - Diversified industry.

( Industry Median: -6.10 vs. SRC: -73.00 )
SRC' s 10-Year Share Buyback Rate Range
Min: 33.9   Max: -159
Current: -73

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.21
SRC's Price/Tangible Book is ranked higher than
63% of the 927 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.46 vs. SRC: 2.21 )
SRC' s 10-Year Price/Tangible Book Range
Min: 1.21   Max: 1.91
Current: 2.21

1.21
1.91
Price/Median PS Value 1.44
SRC's Price/Median PS Value is ranked higher than
65% of the 927 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.29 vs. SRC: 1.44 )
SRC' s 10-Year Price/Median PS Value Range
Min: 0.34   Max: 1.24
Current: 1.44

0.34
1.24

Business Description

Industry: REITs » REIT - Diversified
Compare:IVR, WSR, HRUFF, MFA, AMT » details
Spirit Realty Capital Inc is a Maryland corporation formed on September 29, 2004. The Company is a self-administered and self-managed real estate investment trust that mainly invests in single-tenant, operationally essential real estate throughout the United States that is leased on a long-term, triple-net basis mainly to tenants engaged in retail, service, and distribution industries. Single-tenant, operationally essential real estate consists of properties that are generally free-standing, commercial real estate facilities where the Company's tenants conduct retail, distribution, or service activities that are essential to the generation of their sales and profits. Under a triple-net lease the tenant is responsible for all improvements and is contractually obligated to pay all property operating expenses, such as insurance, real estate taxes, and repair and maintenance costs. In support of its primary business of owning and leasing real estate, the Company has also strategically originated or acquired long-term, commercial mortgage and equipment loans to provide financing solutions to its tenants. The Company faces competition for acquisitions of real property from investors, including traded and non-traded public REITs, private equity investors and institutional investment funds, some of which have greater financial resources than the Company. The Company's properties are subject to various covenants, laws, ordinances and regulations, including regulations relating to common areas and fire and safety requirements.
» More Articles for SRC

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