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In the News
These 8 Income Investments Pay Me Every Month
I am a fan of monthly dividends, because they provide income stability and slightly increase the speed of compounding. I highlight eight monthly dividend payers that I consider to be high-quality investments with sustainable payouts. Monthly dividends are great, but not at the expense of the quality of assets, management, and balance sheet. Those factors are more important.
Realty Income Balloons With Spirit Realty Takeover
Spirit Realty Capital shareholders have approved the merger deal. The deal is expected to be positive for Realty Income and will result in sizable AFFO per share accretion. The merger will diversify Realty Income's portfolio and lower rent concentration for top industries and clients.
The Virtuous Cycle: Why I Love 'Expensive' REITs
Investing in REITs primarily for high income can be risky as higher yields often correspond with higher risk. REITs with a low cost of capital can buy higher quality properties, while those with a higher cost of capital are often caught in a vicious cycle of declining quality. Several net lease REITs show the dangers of getting caught in the Vicious Cycle as well as the rewards that flow from achieving the Virtuous Cycle.
Spirit Realty Capital: Time To Exit Realty Income (Rating Downgrades)
REITs faced challenges in 2023 but rebounded late in the year. The bull thesis for REITs includes attractive valuations, fading interest rate headwinds, and a moderately strong macro environment. We disagree on all three fronts and hence are downgrading both Realty Income Corporation and Spirit Realty Capital, Inc. stock.
Four Dividend Kings To Ring In The New Year
With a new year here at last, investors should be reflecting on the past and looking to the future. For those focused on building a portfolio of dividend-paying equities, there are a number of firms out there that make sense to consider. Each of some of the best have their own positive and negative traits to them that could make them a good or bad prospect for any specific investor.
Who's Ready For A Santa Claus REIT Rally?
REIT stock prices have been struggling, but I believe a REIT rally is on the horizon. Some experts speculate that the Santa Claus rally has already happened. In this article, I will reveal three of my largest positions and why I own them.
Top 2024 Picks From Beaten Down Sectors To Create Passive Dividend Income
Treasury Rates receded in November, leading to a rebound in equities, particularly in interest rate-sensitive sectors like utilities and real estate. The market anticipates that the Fed will maintain its pause on rate hikes in December and January, with a possibility of rate cuts coming much sooner than originally thought. It's time to make a move to build your passive income in these beaten-down dividend names as November gave us a taste of how hard and swiftly they can rally.
Dear Santa: All I Want For Christmas Are A Few Good REITs
I decided to write Santa a letter this year. Hopefully, he will put me on the nice list (as opposed to the naughty list). I would love to find out what's on your list?
All You Need to Know About Spirit Realty (SRC) Rating Upgrade to Buy
Spirit Realty (SRC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
REIT Dividends: The Gift That Keeps On Giving
I plan to give my children shares in real estate investment trusts as a Christmas gift to jump-start generational wealth. I recommend Realty Income, American Tower, Agree Realty, VICI Properties, MidAmerica, and Prologis Inc. as high-quality REITs. REITs are attractive because they must pay out at least 90% of taxable income in dividends, providing a steady income stream.
SRC Financial details
SRC Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 4.9 | 5.64 | 4.61 | 5.11 | 5.24 | |
Net income per share | 1.53 | 1.93 | 0.26 | 1.45 | 2.12 | |
Operating cash flow per share | 3.89 | 3.73 | 3.01 | 3.46 | 3.61 | |
Free cash flow per share | 3.28 | 3.21 | 2.89 | 3.28 | 2.95 | |
Cash per share | 0.17 | 0.16 | 0.67 | 0.15 | 58.92 | |
Book value per share | 32.4 | 37.56 | 34.45 | 33.69 | 33.88 | |
Tangible book value per share | 26.39 | 30.84 | 28.77 | 28.2 | 29.05 | |
Share holders equity per share | 32.4 | 37.56 | 34.45 | 33.69 | 33.88 | |
Interest debt per share | 24.89 | 24.74 | 24.92 | 26.21 | 27.43 | |
Market cap | 3.05B | 4.47B | 4.2B | 5.72B | 5.38B | |
Enterprise value | 5.09B | 6.61B | 6.64B | 8.72B | 8.94B | |
P/E ratio | 23.08 | 25.5 | 157.23 | 33.32 | 18.83 | |
Price to sales ratio | 7.2 | 8.72 | 8.71 | 9.43 | 7.62 | |
POCF ratio | 9.06 | 13.18 | 13.36 | 13.92 | 11.05 | |
PFCF ratio | 10.73 | 15.34 | 13.92 | 14.7 | 13.52 | |
P/B Ratio | 1.09 | 1.31 | 1.17 | 1.43 | 1.18 | |
PTB ratio | 1.09 | 1.31 | 1.17 | 1.43 | 1.18 | |
EV to sales | 12.02 | 12.9 | 13.76 | 14.37 | 12.68 | |
Enterprise value over EBITDA | 13.92 | 15.08 | 16.46 | 16.52 | 14.34 | |
EV to operating cash flow | 15.13 | 19.49 | 21.11 | 21.2 | 18.38 | |
EV to free cash flow | 17.92 | 22.67 | 22 | 22.4 | 22.48 | |
Earnings yield | 0.04 | 0.04 | 0.01 | 0.03 | 0.05 | |
Free cash flow yield | 0.09 | 0.07 | 0.07 | 0.07 | 0.07 | |
Debt to equity | 0.73 | 0.63 | 0.7 | 0.75 | 0.78 | |
Debt to assets | 0.4 | 0.37 | 0.39 | 0.41 | 0.42 | |
Net debt to EBITDA | 5.58 | 4.88 | 6.04 | 5.68 | 5.72 | |
Current ratio | 0.67 | 0.2 | 0.57 | 0.08 | 0.3 | |
Interest coverage | 2.14 | 2.77 | 1.93 | 2.86 | 2.81 | |
Income quality | 2.55 | 1.93 | 11.77 | 2.39 | 1.7 | |
Dividend Yield | 0.1 | 0.05 | 0.06 | 0.05 | 0.07 | |
Payout ratio | 2.28 | 1.35 | 10.14 | 1.8 | 1.26 | |
Sales general and administrative to revenue | 0.13 | 0.1 | 0.11 | 0.09 | 0.09 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0.1 | 0.1 | 0.09 | 0.09 | 0.08 | |
Capex to operating cash flow | -0.16 | -0.14 | -0.04 | -0.05 | -0.18 | |
Capex to revenue | -0.12 | -0.09 | -0.03 | -0.04 | -0.13 | |
Capex to depreciation | -0.26 | -0.27 | -0.06 | -0.09 | -0.3 | |
Stock based compensation to revenue | 0.04 | 0.03 | 0.03 | 0.02 | 0.02 | |
Graham number | 33.36 | 40.37 | 14.07 | 33.11 | 40.2 | |
ROIC | 0.04 | 0.04 | 0.03 | 0.04 | 0.04 | |
Return on tangible assets | 0.03 | 0.03 | 0 | 0.03 | 0.04 | |
Graham Net | -25.96 | -26.18 | -25.82 | -27.89 | 29.72 | |
Working capital | -40.03M | -205.46M | -71.3M | -442.29M | -192.72M | |
Tangible asset value | 2.28B | 2.8B | 3.01B | 3.35B | 3.91B | |
Net current asset value | -2.21B | -2.37B | -2.7B | -3.29B | -3.83B | |
Invested capital | 0.73 | 0.63 | 0.7 | 0.75 | 0.78 | |
Average receivables | 62.76M | 40.75M | 82.25M | 70.25M | 16.74M | |
Average payables | 125.71M | 90.84M | 114.67M | 178.91M | 204.28M | |
Average inventory | -14.23M | 0.5 | -71.52M | -76.74M | -43.33M | |
Days sales outstanding | 40.55 | 24.55 | 98.45 | 6.29 | 11.91 | |
Days payables outstanding | 2.05K | 1.21K | 2.5K | 2.99K | 2.67K | |
Days of inventory on hand | 0 | 0 | -2.13K | -164.18 | -932.24 | |
Receivables turnover | 9 | 14.87 | 3.71 | 58.05 | 30.64 | |
Payables turnover | 0.18 | 0.3 | 0.15 | 0.12 | 0.14 | |
Inventory turnover | 0 | 18.64M | -0.17 | -2.22 | -0.39 | |
ROE | 0.05 | 0.05 | 0.01 | 0.04 | 0.06 | |
Capex per share | -0.61 | -0.52 | -0.12 | -0.18 | -0.66 |
Quarterly Fundamentals Overview
Last date of statement is 2023-09-30 for Q3
Metric | History | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 1.33 | 1.36 | 1.33 | 1.33 | 1.37 | |
Net income per share | 0.54 | 0.52 | 0.68 | 0.38 | 0.27 | |
Operating cash flow per share | 0.84 | 1.1 | 0.72 | 1.13 | 0.8 | |
Free cash flow per share | 0.71 | 0.85 | 0.59 | 0.99 | 0.6 | |
Cash per share | 57.69 | 58.92 | 56.46 | 57.72 | 57.09 | |
Book value per share | 33.16 | 33.88 | 32.28 | 32.18 | 31.83 | |
Tangible book value per share | 28.27 | 29.05 | 27.8 | 27.72 | 27.48 | |
Share holders equity per share | 33.16 | 33.88 | 32.28 | 32.18 | 31.83 | |
Interest debt per share | 46.89 | 26.83 | 25.88 | 27.29 | 27.31 | |
Market cap | 4.93B | 5.38B | 5.62B | 5.56B | 4.73B | |
Enterprise value | 8.34B | 8.94B | 9.23B | 9.2B | 8.42B | |
P/E ratio | 16.67 | 19.18 | 14.61 | 25.64 | 30.76 | |
Price to sales ratio | 27.24 | 29.42 | 29.85 | 29.56 | 24.47 | |
POCF ratio | 43.03 | 36.43 | 55.26 | 34.94 | 41.96 | |
PFCF ratio | 51.06 | 47.08 | 67.93 | 39.69 | 55.56 | |
P/B Ratio | 1.09 | 1.18 | 1.23 | 1.22 | 1.05 | |
PTB ratio | 1.09 | 1.18 | 1.23 | 1.22 | 1.05 | |
EV to sales | 46.08 | 48.93 | 49.05 | 48.94 | 43.54 | |
Enterprise value over EBITDA | 52.36 | 55.27 | 57.01 | 56.4 | 73.2 | |
EV to operating cash flow | 72.79 | 60.6 | 90.8 | 57.84 | 74.63 | |
EV to free cash flow | 86.36 | 78.3 | 111.62 | 65.72 | 98.83 | |
Earnings yield | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | |
Free cash flow yield | 0.02 | 0.02 | 0.01 | 0.03 | 0.02 | |
Debt to equity | 1.41 | 0.78 | 0.79 | 0.84 | 0.85 | |
Debt to assets | 0.76 | 0.42 | 0.43 | 0.44 | 0.44 | |
Net debt to EBITDA | 21.4 | 22.04 | 22.31 | 22.34 | 32.05 | |
Current ratio | 0.87 | 0.3 | 0.36 | 1.25 | 1.08 | |
Interest coverage | 2.87 | 2.33 | 2.63 | 0.04 | 0.1 | |
Income quality | 1.49 | 2.11 | 1.06 | 2.94 | 2.93 | |
Dividend Yield | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | |
Payout ratio | 1.21 | 1.36 | 1 | 1.78 | 2.5 | |
Sales general and administrative to revenue | 0.08 | 0.1 | 0.09 | 0.08 | 0.07 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0.08 | 0.08 | 0.07 | 0.07 | 0.07 | |
Capex to operating cash flow | -0.16 | -0.23 | -0.19 | -0.12 | -0.24 | |
Capex to revenue | -0.1 | -0.18 | -0.1 | -0.1 | -0.14 | |
Capex to depreciation | -0.24 | -0.44 | -0.24 | -0.24 | -0.35 | |
Stock based compensation to revenue | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | |
Graham number | 20.11 | 19.92 | 22.25 | 16.67 | 13.97 | |
ROIC | 0.01 | 0.01 | 0.01 | 0 | 0 | |
Return on tangible assets | 0.01 | 0.01 | 0.01 | 0.01 | 0 | |
Graham Net | 29.79 | 29.72 | 28.67 | 28.4 | 27.71 | |
Working capital | -23.4M | -192.72M | -188.21M | 57.26M | 18.31M | |
Tangible asset value | 3.85B | 3.91B | 3.92B | 3.91B | 3.88B | |
Net current asset value | -3.66B | -3.83B | -3.82B | -3.87B | -3.91B | |
Invested capital | 1.41 | 0.78 | 0.79 | 0.84 | 0.85 | |
Average receivables | 23.02M | 23.02M | 39.65M | 62.29M | 60.63M | |
Average payables | 183.06M | 199.38M | 206.36M | 210.25M | 228.14M | |
Average inventory | 0.5 | -38.1M | -72.73M | -68.78M | -62.73M | |
Days sales outstanding | 11.45 | 11.34 | 26.9 | 32.7 | 24.64 | |
Days payables outstanding | 2.2K | 2.71K | 2.3K | 2.52K | 2.47K | |
Days of inventory on hand | 0 | -947.7 | -818.7 | -760.67 | -613.73 | |
Receivables turnover | 7.86 | 7.94 | 3.35 | 2.75 | 3.65 | |
Payables turnover | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | |
Inventory turnover | 7.4M | -0.09 | -0.11 | -0.12 | -0.15 | |
ROE | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | |
Capex per share | -0.13 | -0.25 | -0.13 | -0.14 | -0.2 |
SRC Frequently Asked Questions
What is Spirit Realty Capital, Inc. stock symbol ?
Spirit Realty Capital, Inc. is a US stock , located in Dallas of Tx and trading under the symbol SRC
Is Spirit Realty Capital, Inc. buy or a sell ?
6 stock analysts have 6 predictions with a medium analyst target price of $52.58. The lowest prediction is $50 and the highest is $57
What is SRC stock prediction ?
What is Spirit Realty Capital, Inc. stock quote today ?
Spirit Realty Capital, Inc. stock price is $42.98 today.
Is Spirit Realty Capital, Inc. stock public?
Yes, Spirit Realty Capital, Inc. is a publicly traded company.