Spirit Realty Capital, Inc. Announces First Quarter of 2020 Preliminary Financial and Operating Results
Spirit Realty Capital, Inc. (SRC)
Last spirit realty capital, inc. earnings: 2/25 06:31 am
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US:NYSE Investor Relations:
spiritrealty.com
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Source: Business Wire
- Invested $213.4 Million in Acquisitions and Revenue Producing Capital Expenditures -- Estimated Net Loss of $(0.17) – $(0.19) per Share, Estimated FFO of $0.71 - $0.73 per Share and Estimated AFFO of $0.77 - $0.79 per Share -- Issued 0.4 Million Shares for Gross Proceeds of $17.9 Million - DALLAS--(BUSINESS WIRE)--Spirit Realty Capital, Inc. (NYSE: SRC) ("Spirit" or the "Company"), a net-lease real estate investment trust ("REIT") that invests in single-tenant, operationally essential real estate, today reported its preliminary financial and operating results for the first quarter ended March 31, 2020.PRELIMINARY FIRST QUARTER 2020 HIGHLIGHTSInvested $213.4 million, including $205.9 million for the acquisition of 27 properties with an initial weighted average cash yield of 6.47% and an economic yield of 7.41%.Estimated net loss of $(0.17) - $(0.19) vs net income of $0.48 per diluted share, FFO of $0.71 - $0.73 vs $0.90 per share and AFFO of $0.77 - $0.79 vs $0.86 per share, compa
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