SRC Stock Overview
Spirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease REIT that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 1/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
My Notes
Capture your thoughts, links and company narrative
Spirit Realty Capital, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$42.31 |
| 52 Week High | US$45.60 |
| 52 Week Low | US$32.22 |
| Beta | 1.38 |
| 1 Month Change | -3.11% |
| 3 Month Change | 29.67% |
| 1 Year Change | 1.71% |
| 3 Year Change | 5.64% |
| 5 Year Change | 9.81% |
| Change since IPO | -9.21% |
Recent News & Updates
Recent updates
REIT Merger Standoff: Spirit Realty The Clear Winner With A Low Risk Potential 18.5% Return
Nov 01Spirit Is Anything But Spooky
Oct 17Spirit Realty Capital: A Solid Prospect For Value-Oriented, Yield-Seeking Investors
Sep 19Pounce On Spirit Realty Before Realty Income Does
Aug 26Nothing Spooky About Spirit
Jun 30Spirit Realty: I'd Rather Chase High Yield
May 31Spirit Realty Capital declares $0.663 dividend
Feb 23Spirit Realty: The 6% Yield Is Growing
Feb 16Spirit Realty Capital declares $0.663 dividend
Jan 24Like Passive Income? Buy Spirit Realty Capital's 6.6% Yield
Jan 09Spirit Realty Capital, NETSTREIT stocks downgraded to Neutral at BofA
Nov 14Spirit Realty: At These Yields Don't Look Away
Oct 30Spirit Realty: A Super 7% Yield To Turn Up The Cash Flow
Sep 26Spirit Realty Capital announces $800M term loan facility
Aug 22Spirit Realty Capital: Spirit-Lifting Dividends And Upside Potential
May 13Spirit Realty Capital: Buy This 5.6% Yielding Recession-Resistant Trust
Apr 18Spirit Realty: My Oh My, Another Strong Buy
Apr 10Spirit Realty Capital: Dirt Cheap And Higher Quality Than The Market Thinks
Feb 06Now Yielding 5.4%, Spirit Realty Capital Is Unfairly Maligned By The Market
Nov 24Spirit Realty Pays You A 5.2% Yield, And Is No Longer Spooky
Sep 11Spirit Realty Capital: Now Is The Best Time To Own Consumer Discretionary Real Estate
Jun 28Spirit Realty Capital: Not Bad, But Not Great Either
May 04Shareholder Returns
| SRC | US Retail REITs | US Market | |
|---|---|---|---|
| 7D | -4.9% | -0.05% | 0.6% |
| 1Y | 1.7% | 7.0% | 23.7% |
Return vs Industry: SRC exceeded the US Retail REITs industry which returned -0.8% over the past year.
Return vs Market: SRC underperformed the US Market which returned 19.4% over the past year.
Price Volatility
| SRC volatility | |
|---|---|
| SRC Average Weekly Movement | 4.0% |
| Retail REITs Industry Average Movement | 2.6% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 17.5% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: SRC has not had significant price volatility in the past 3 months.
Volatility Over Time: SRC's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2003 | 89 | Jackson Hsieh | www.spiritrealty.com |
Spirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease REIT that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases. As of September 30, 2023, our diverse portfolio consisted of 2,037 retail, industrial and other properties across 49 states, which were leased to 338 tenants operating in 37 industries. As of September 30, 2023, our properties were approximately 99.6% occupied.
Spirit Realty Capital, Inc. Fundamentals Summary
| SRC fundamental statistics | |
|---|---|
| Market cap | US$5.99b |
| Earnings (TTM) | US$248.00m |
| Revenue (TTM) | US$754.36m |
24.1x
P/E Ratio7.9x
P/S RatioIs SRC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SRC income statement (TTM) | |
|---|---|
| Revenue | US$754.36m |
| Cost of Revenue | US$52.37m |
| Gross Profit | US$701.98m |
| Other Expenses | US$453.99m |
| Earnings | US$248.00m |
Last Reported Earnings
Sep 30, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.75 |
| Gross Margin | 93.06% |
| Net Profit Margin | 32.88% |
| Debt/Equity Ratio | 85.0% |
How did SRC perform over the long term?
See historical performance and comparisonDividends
6.3%
Current Dividend Yield75%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/01/23 20:51 |
| End of Day Share Price | 2024/01/22 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Spirit Realty Capital, Inc. is covered by 21 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nathan Crossett | Berenberg |
| Joshua Dennerlein | BofA Global Research |
| David Corak | B. Riley Securities, Inc. |