Spirit Realty Capital (SRC) Misses Q4 EPS by 8c; AFFO was $0.21

Spirit Realty Capital (NYSE: SRC) reported Q4 EPS of $0.00, $0.08 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $173.4 million versus the consensus estimate of $163 million.

FFO increased to $0.21 per diluted share, and AFFO was $0.21 per diluted share.

2016 was a transformative year for Spirit as we continue to position the Company as a market leader in the net-lease REIT sector. We grew AFFO by 9% to $413 million, while continuing to improve our portfolio, capital structure and team. Our top ten tenants are the strongest they have ever been with more diversification and less cyclical exposure. We completed well-received equity and debt offerings and received investment grade ratings from Moody\'s, S&P and Fitch. Finally, we augmented our leadership team with a wide breadth of talent and experience that will meaningfully further Spirit\'s execution capability.\" stated Thomas H. Nolan, Jr., Chairman and Chief Executive Officer. \"As we look forward to 2017, we remain focused on active portfolio management and prudent external growth as a means of creating long-term shareholder value.\

For earnings history and earnings-related data on Spirit Realty Capital (SRC) click here.

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