Spirit Realty Capital (SRC) Tops Q3 EPS by 1c, Revenues Beat

Spirit Realty Capital (NYSE: SRC) reported Q3 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $109.6 million versus the consensus estimate of $101.82 million.

"We are pleased to report another consistent quarter, achieving all of our target operating, capital deployment and balance sheet metrics. Most notably, we continue to steadily execute on our relationship-driven acquisition strategy, guided by our asset allocation tools. This quarter, we deployed approximately $229 million in capital, which added 13 properties to our portfolio with an economic yield of 7.88%. As we move into the fourth quarter, we remain focused on steady operations and executing our acquisition and disposition pipeline," stated Jackson Hsieh, President and Chief Executive Officer of Spirit.

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

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