Spirit Realty Capital (SRC) Misses Q1 EPS by 24c

Spirit Realty Capital (NYSE: SRC) reported Q1 EPS of ($0.04), $0.24 worse than the analyst estimate of $0.20.

CEO COMMENTS

“As I mentioned in our last update, Spirit is a much stronger and better positioned company than just a year ago, and this quarter demonstrated that assertion. Our tenant health continued to improve, as measured by lower lost rent and high occupancy, we again accessed the debt markets, issuing unsecured bonds with credit spreads and all-in yields that are the lowest in our company’s history, and our platform delivered accretive acquisitions that were approximately 70% sourced through existing relationships. Our outlook for 2021 has grown incrementally more positive and we are pleased to meaningfully raise our earnings guidance for the remainder of the year,” stated Jackson Hsieh, President and Chief Executive Officer.

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

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