Spirit Realty Capital logged a 7.9% change during today's evening session, and is now trading at a price of $34.89 per share. On average, analysts give it a target price of $41.2.
Spirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease REIT that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases. The mid-cap company is based in the United States. Spirit Realty Capital currently returns an annual dividend yield of 8.2%.
What to Consider if You Are Thinking of Buying Spirit Realty Capital:
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Spirit Realty Capital has moved -9.0% over the last year.
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SRC has a forward P/E ratio of 24.2 based on its EPS guidance of 1.44.
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Over the last 6 years, earnings per share (EPS) have been growing at a compounded average rate of 6.6%.
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The company has a price to earnings growth (PEG) ratio of 0.5.
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Its Price to Book (P/B) ratio is 1.13
Spirit Realty Capital Has a Pattern of Improving Cash Flows
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 522,854 | nan | 522,854 | 7.48 |
| 2022 | 486,450 | nan | 486,450 | 18.32 |
| 2021 | 411,133 | nan | 411,133 | 30.8 |
| 2020 | 314,312 | nan | 314,312 | -7.3 |
| 2019 | 339,053 | nan | 339,053 | 331.07 |
| 2018 | 336,365 | 257,712 | 78,653 |
Spirit Realty Capital's free cash flow history is impressive because it displays year-on-year increases over the last 6 years. Averaging out at $358.74 Million, and following a compounded average growth rate of 37.1%, investors who focus on cash flow growth should do further research on this firm.
