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Spirit Realty Capital Inc (SRC) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Spirit Realty Capital Inc (SRC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. 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 has a market cap of $3.41 billion; its shares were traded at around $39.75 with a P/E ratio of 36.16 and P/S ratio of 6.45. The dividend yield of Spirit Realty Capital Inc stocks is 7.66%.


For the last quarter Spirit Realty Capital Inc reported a revenue of $109.6 million, compared with the revenue of $169.6 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $445.1 million, a decrease of 33.5% from the previous year. For the last five years Spirit Realty Capital Inc had an average revenue growth rate of 1.8% a year.

The reported diluted earnings per share was $1.39 for the year, an increase of 73.8% from previous year. The Spirit Realty Capital Inc enjoyed an operating margin of 46.82%, compared with the operating margin of 45.82% a year before. The 10-year historical median operating margin of Spirit Realty Capital Inc is 49.13%. The profitability rank of the company is 5 (out of 10).

At the end of the fiscal year, Spirit Realty Capital Inc has the cash and cash equivalents of $14.5 million, compared with $8.80 million in the previous year. The long term debt was $2.1 billion, compared with $3.6 billion in the previous year. The interest coverage to the debt is 2.1, which is not a favorable level. Spirit Realty Capital Inc has a financial strength rank of 4 (out of 10).

At the current stock price of $39.75, Spirit Realty Capital Inc is traded at close to its historical median P/S valuation band of $37.35. The P/S ratio of the stock is 6.45, while the historical median P/S ratio is 6.07. The stock gained 25.36% during the past 12 months.

For the complete 20-year historical financial data of SRC, click here.

This article first appeared on GuruFocus.