DALLAS, October 21, 2019 – Shares of Spirit Realty Capital Inc. (NYSE: SRC) showed the bullish trend with a higher momentum of 1.06% to $48.66. The company traded total volume of 523.567K shares as contrast to its average volume of 889.61K shares. The company has a market value of $4.34B and about 89.16M shares outstanding.
For the three months ended March 31, 2019, Spirit Realty Capital, Inc. (SRC) reported total revenues of $112.60M from continuing operations, compared to $103.50M for the same period in 2018.
Net income attributable to common stockholders for the three months ended March 31, 2019 was $41.00M, or $0.48 per diluted share, compared to $28.10M, or $0.31 per diluted share, for the same period in 2018. FFO for the three months ended March 31, 2019 was $77.20M, or $0.90 per diluted share, compared to $105.30M, or $1.18 per diluted share, for the same period in 2018.
AFFO for the three months ended March 31, 2019 was $73.80M, or $0.86 per diluted share, compared to $95.30M, or $1.07 per diluted share, for the same period in 2018. The Board of Directors declared a quarterly cash dividend of $0.625 per common share, representing an annualized rate of $2.50 per common share. The Board of Directors also declared a quarterly cash dividend of $0.375 per preferred share. The quarterly common dividend was paid on April 15, 2019 to shareholders of record as of March 29, 2019 and the preferred dividend was paid on March 29, 2019 to shareholders of record as of March 15, 2019.
The Company offered net profit margin of 34.50% while its gross profit margin was 95.70%. ROE was recorded as 6.00% while beta factor was 0.38. The stock, as of recent close, has shown the weekly upbeat performance of 0.79% which was maintained at 38.04% in this year.