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Also traded in: Germany

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 : 4/10

vs
industry
vs
history
Equity-to-Asset 0.44
SRC's Equity-to-Asset is ranked lower than
66% of the 694 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.52 vs. SRC: 0.44 )
Ranked among companies with meaningful Equity-to-Asset only.
SRC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.16  Med: 0.43 Max: 0.84
Current: 0.44
0.16
0.84
Debt-to-Equity 1.18
SRC's Debt-to-Equity is ranked lower than
70% of the 653 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.81 vs. SRC: 1.18 )
Ranked among companies with meaningful Debt-to-Equity only.
SRC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16  Med: 1.25 Max: 5.19
Current: 1.18
0.16
5.19
Debt-to-EBITDA 7.56
SRC's Debt-to-EBITDA is ranked lower than
66% of the 637 Companies
in the Global REIT - Diversified industry.

( Industry Median: 6.03 vs. SRC: 7.56 )
Ranked among companies with meaningful Debt-to-EBITDA only.
SRC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.55  Med: 9.89 Max: 12.72
Current: 7.56
3.55
12.72
Interest Coverage 1.57
SRC's Interest Coverage is ranked lower than
100% of the 681 Companies
in the Global REIT - Diversified industry.

( Industry Median: 3.46 vs. SRC: 1.57 )
Ranked among companies with meaningful Interest Coverage only.
SRC' s Interest Coverage Range Over the Past 10 Years
Min: 0.7  Med: 1.28 Max: 1.73
Current: 1.57
0.7
1.73
Piotroski F-Score: 8
Altman Z-Score: 0.34
Beneish M-Score: -0.07
WACC vs ROIC
5.63%
4.28%
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 : 6/10

vs
industry
vs
history
Operating Margin % 45.76
SRC's Operating Margin % is ranked lower than
92% of the 702 Companies
in the Global REIT - Diversified industry.

( Industry Median: 49.03 vs. SRC: 45.76 )
Ranked among companies with meaningful Operating Margin % only.
SRC' s Operating Margin % Range Over the Past 10 Years
Min: 45.76  Med: 49.45 Max: 67.79
Current: 45.76
45.76
67.79
Net Margin % 14.21
SRC's Net Margin % is ranked lower than
78% of the 703 Companies
in the Global REIT - Diversified industry.

( Industry Median: 41.14 vs. SRC: 14.21 )
Ranked among companies with meaningful Net Margin % only.
SRC' s Net Margin % Range Over the Past 10 Years
Min: -43.73  Med: -3.26 Max: 27.77
Current: 14.21
-43.73
27.77
ROE % 2.68
SRC's ROE % is ranked lower than
81% of the 701 Companies
in the Global REIT - Diversified industry.

( Industry Median: 6.93 vs. SRC: 2.68 )
Ranked among companies with meaningful ROE % only.
SRC' s ROE % Range Over the Past 10 Years
Min: -29.33  Med: -0.61 Max: 6.6
Current: 2.68
-29.33
6.6
ROA % 1.28
SRC's ROA % is ranked lower than
81% of the 709 Companies
in the Global REIT - Diversified industry.

( Industry Median: 3.52 vs. SRC: 1.28 )
Ranked among companies with meaningful ROA % only.
SRC' s ROA % Range Over the Past 10 Years
Min: -8.59  Med: -0.26 Max: 2.4
Current: 1.28
-8.59
2.4
ROC (Joel Greenblatt) % 6.10
SRC's ROC (Joel Greenblatt) % is ranked lower than
82% of the 606 Companies
in the Global REIT - Diversified industry.

( Industry Median: 14.19 vs. SRC: 6.10 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
SRC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.73  Med: 5.23 Max: 69.67
Current: 6.1
2.73
69.67
3-Year Revenue Growth Rate -2.80
SRC's 3-Year Revenue Growth Rate is ranked lower than
72% of the 559 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.10 vs. SRC: -2.80 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
SRC' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -34.5  Med: -3.35 Max: 236.4
Current: -2.8
-34.5
236.4
3-Year EBITDA Growth Rate -3.20
SRC's 3-Year EBITDA Growth Rate is ranked lower than
70% of the 518 Companies
in the Global REIT - Diversified industry.

( Industry Median: 3.20 vs. SRC: -3.20 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
SRC' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: -12.7 Max: 177.9
Current: -3.2
0
177.9
GuruFocus has detected 4 Warning Signs with Spirit Realty Capital Inc SRC.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» SRC's 30-Y Financials

Financials (Next Earnings Date: 2018-08-03)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2017

SRC Guru Trades in Q2 2017

Steven Cohen 180,000 sh (New)
Paul Tudor Jones 58,540 sh (New)
Seth Klarman 9,000,000 sh (New)
Manning & Napier Advisors, Inc Sold Out
Jim Simons 3,411,900 sh (-1.70%)
» More
Q3 2017

SRC Guru Trades in Q3 2017

Steven Cohen 1,033,700 sh (+474.28%)
Paul Tudor Jones 309,024 sh (+427.89%)
Jim Simons 7,913,900 sh (+131.95%)
Seth Klarman Sold Out
» More
Q4 2017

SRC Guru Trades in Q4 2017

Pioneer Investments 349,249 sh (New)
Paul Tudor Jones 292,975 sh (-5.19%)
Jim Simons 6,134,600 sh (-22.48%)
Steven Cohen 708,000 sh (-31.51%)
» More
Q1 2018

SRC Guru Trades in Q1 2018

Pioneer Investments 519,827 sh (+48.84%)
Steven Cohen Sold Out
Jim Simons 2,986,900 sh (-51.31%)
Paul Tudor Jones 19,136 sh (-93.47%)
» 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
Seth Klarman 2017-09-30 Sold Out 0.77%$6.56 - $7.83 $ 8.1410%0
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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Preferred stocks of Spirit Realty Capital Inc

SymbolPriceYieldDescription
SRCpA.PFD23.214.73Spirit Realty Capital Inc

Business Description

Industry: REITs » REIT - Diversified    NAICS: 531190    SIC: 6798
Compare:TSE:8955, NYSE:BXMT, NAS:PCH, NYSE:CUZ, NYSE:CIM, NYSE:PSB, NYSE:CLNS, TSE:3279, JSE:FFB, LSE:UTG, NYSE:MFA, TSE:8984, TSX:REF.UN, HKSE:87001, XBRU:COFB, NYSE:JBGS, LSE:GPOR, MEX:DANHOS 13, NYSE:OUT, TSE:8972 » details
Traded in other countries:21S.Germany,
Headquarter Location:USA
Spirit Realty Capital Inc is a self-administered & self-managed REIT. It invests in single-tenant, operationally essential real estate leased on a long-term, triple-net basis to tenants operating within retail, office & industrial property types.

Spirit Realty Capital Inc is a real estate investment trust primarily involved in leasing properties throughout the U.S. Spirit Realty's core business is acquiring real estate through sale-leaseback transactions in which a tenant will sell their property to Spirit and then lease that same property back from Spirit through a prearranged, long-term agreement. Spirit generates nearly all of its revenue in the form of rental income derived from leasing assets in its real estate portfolio. The vast majority of this portfolio is composed of retail properties. General merchandise companies, casual dining chains, and quick service restaurant chains represent significant amounts of Spirit's rental income. The company's real estate assets are fairly evenly distributed throughout the U.S.

Ratios

vs
industry
vs
history
PE Ratio 42.82
SRC's PE Ratio is ranked lower than
88% of the 626 Companies
in the Global REIT - Diversified industry.

( Industry Median: 15.29 vs. SRC: 42.82 )
Ranked among companies with meaningful PE Ratio only.
SRC' s PE Ratio Range Over the Past 10 Years
Min: 30.37  Med: 47.38 Max: 543.89
Current: 42.82
30.37
543.89
Forward PE Ratio 38.17
SRC's Forward PE Ratio is ranked lower than
83% of the 232 Companies
in the Global REIT - Diversified industry.

( Industry Median: 18.48 vs. SRC: 38.17 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 135.69
SRC's PE Ratio without NRI is ranked lower than
99% of the 621 Companies
in the Global REIT - Diversified industry.

( Industry Median: 15.36 vs. SRC: 135.69 )
Ranked among companies with meaningful PE Ratio without NRI only.
SRC' s PE Ratio without NRI Range Over the Past 10 Years
Min: 26.78  Med: 129.27 Max: 340.28
Current: 135.69
26.78
340.28
Price-to-Owner-Earnings 23.66
SRC's Price-to-Owner-Earnings is ranked lower than
99.99% of the 313 Companies
in the Global REIT - Diversified industry.

( Industry Median: 16.01 vs. SRC: 23.66 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
SRC' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 19.94  Med: 38.89 Max: 112.02
Current: 23.66
19.94
112.02
PB Ratio 1.17
SRC's PB Ratio is ranked lower than
55% of the 692 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.08 vs. SRC: 1.17 )
Ranked among companies with meaningful PB Ratio only.
SRC' s PB Ratio Range Over the Past 10 Years
Min: 0.87  Med: 1.2 Max: 1.57
Current: 1.17
0.87
1.57
PS Ratio 5.61
SRC's PS Ratio is ranked higher than
67% of the 655 Companies
in the Global REIT - Diversified industry.

( Industry Median: 7.16 vs. SRC: 5.61 )
Ranked among companies with meaningful PS Ratio only.
SRC' s PS Ratio Range Over the Past 10 Years
Min: 1.68  Med: 5.94 Max: 8.22
Current: 5.61
1.68
8.22
Price-to-Free-Cash-Flow 10.58
SRC's Price-to-Free-Cash-Flow is ranked lower than
88% of the 330 Companies
in the Global REIT - Diversified industry.

( Industry Median: 17.97 vs. SRC: 10.58 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
SRC' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 6.5  Med: 9.5 Max: 15.57
Current: 10.58
6.5
15.57
Price-to-Operating-Cash-Flow 9.75
SRC's Price-to-Operating-Cash-Flow is ranked higher than
77% of the 579 Companies
in the Global REIT - Diversified industry.

( Industry Median: 14.00 vs. SRC: 9.75 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
SRC' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 4.56  Med: 11.83 Max: 26.58
Current: 9.75
4.56
26.58
EV-to-EBIT 30.54
SRC's EV-to-EBIT is ranked lower than
78% of the 660 Companies
in the Global REIT - Diversified industry.

( Industry Median: 20.10 vs. SRC: 30.54 )
Ranked among companies with meaningful EV-to-EBIT only.
SRC' s EV-to-EBIT Range Over the Past 10 Years
Min: 4.5  Med: 37.1 Max: 77.6
Current: 30.54
4.5
77.6
EV-to-EBITDA 14.93
SRC's EV-to-EBITDA is ranked lower than
52% of the 673 Companies
in the Global REIT - Diversified industry.

( Industry Median: 15.86 vs. SRC: 14.93 )
Ranked among companies with meaningful EV-to-EBITDA only.
SRC' s EV-to-EBITDA Range Over the Past 10 Years
Min: 1.8  Med: 16.8 Max: 26.5
Current: 14.93
1.8
26.5
EV-to-Revenue 11.07
SRC's EV-to-Revenue is ranked higher than
58% of the 699 Companies
in the Global REIT - Diversified industry.

( Industry Median: 12.52 vs. SRC: 11.07 )
Ranked among companies with meaningful EV-to-Revenue only.
SRC' s EV-to-Revenue Range Over the Past 10 Years
Min: 1.3  Med: 12.5 Max: 19.5
Current: 11.07
1.3
19.5

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 8.84
SRC's Dividend Yield % is ranked higher than
87% of the 970 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.95 vs. SRC: 8.84 )
Ranked among companies with meaningful Dividend Yield % only.
SRC' s Dividend Yield % Range Over the Past 10 Years
Min: 1.85  Med: 6.95 Max: 11.01
Current: 8.84
1.85
11.01
Dividend Payout Ratio 7.83
SRC's Dividend Payout Ratio is ranked lower than
99% of the 782 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.09 vs. SRC: 7.83 )
Ranked among companies with meaningful Dividend Payout Ratio only.
SRC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 7.34  Med: 12.23 Max: 36
Current: 7.83
7.34
36
3-Year Dividend Growth Rate 2.50
SRC's 3-Year Dividend Growth Rate is ranked lower than
60% of the 427 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.30 vs. SRC: 2.50 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
SRC' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 57.6
Current: 2.5
0
57.6
Forward Dividend Yield % 8.82
SRC's Forward Dividend Yield % is ranked higher than
84% of the 971 Companies
in the Global REIT - Diversified industry.

( Industry Median: 6.10 vs. SRC: 8.82 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 25.60
SRC's 5-Year Yield-on-Cost % is ranked higher than
98% of the 967 Companies
in the Global REIT - Diversified industry.

( Industry Median: 6.30 vs. SRC: 25.60 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
SRC' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 5.36  Med: 20.13 Max: 31.89
Current: 25.6
5.36
31.89
3-Year Average Share Buyback Ratio -3.00
SRC's 3-Year Average Share Buyback Ratio is ranked higher than
62% of the 494 Companies
in the Global REIT - Diversified industry.

( Industry Median: -5.10 vs. SRC: -3.00 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
SRC' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -102.9  Med: -14.25 Max: 36.1
Current: -3
-102.9
36.1

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.51
SRC's Price-to-Tangible-Book is ranked lower than
70% of the 685 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.10 vs. SRC: 1.51 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
SRC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.09  Med: 1.49 Max: 1.91
Current: 1.51
1.09
1.91
Price-to-Intrinsic-Value-Projected-FCF 1.39
SRC's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
99.99% of the 244 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.11 vs. SRC: 1.39 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
SRC' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 1.18  Med: 2.02 Max: 163.8
Current: 1.39
1.18
163.8
Price-to-Median-PS-Value 0.94
SRC's Price-to-Median-PS-Value is ranked higher than
78% of the 502 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.00 vs. SRC: 0.94 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
SRC' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.29  Med: 0.98 Max: 1.35
Current: 0.94
0.29
1.35
Price-to-Graham-Number 3.16
SRC's Price-to-Graham-Number is ranked lower than
98% of the 542 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.86 vs. SRC: 3.16 )
Ranked among companies with meaningful Price-to-Graham-Number only.
SRC' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.3  Med: 2.69 Max: 5.06
Current: 3.16
1.3
5.06
Earnings Yield (Greenblatt) % 3.28
SRC's Earnings Yield (Greenblatt) % is ranked lower than
72% of the 714 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.55 vs. SRC: 3.28 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
SRC' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 1.3  Med: 2.7 Max: 22.2
Current: 3.28
1.3
22.2
Forward Rate of Return (Yacktman) % -6.16
SRC's Forward Rate of Return (Yacktman) % is ranked lower than
90% of the 389 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.33 vs. SRC: -6.16 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
SRC' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -32.6  Med: -17.2 Max: 2.2
Current: -6.16
-32.6
2.2

More Statistics

Revenue (TTM) (Mil) $668.81
EPS (TTM) $ 0.19
Beta0.56
Volatility16.69%
52-Week Range $6.58 - 8.46
Shares Outstanding (Mil)428.55

Analyst Estimate

Dec18 Dec19 Dec20
Revenue (Mil $) 618 642 683
EBIT (Mil $) 306 317 343
EBITDA (Mil $) 562 584 621
EPS ($) 0.21 0.23 0.26
EPS without NRI ($) 0.21 0.23 0.26
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($) 0.72 0.74 0.79

Piotroski F-Score Details

Piotroski F-Score: 88
Positive ROAY
Positive CFROAY
Higher ROA yoyY
CFROA > ROAY
Lower Leverage yoyN
Higher Current Ratio yoyY
Less Shares Outstanding yoyY
Higher Gross Margin yoyY
Higher Asset Turnover yoyY

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