Spirit Realty Capital Q3 Loss Narrows - Quick Facts

(RTTNews) - Spirit Realty Capital, Inc. (SRC) Monday reported third-quarter funds from operations, or FFO, of $27.9 million or $0.08 per share, compared to negative FFO of $21.8 million or $0.17 per share in the same period last year.

Adjusted FFO for the latest third quarter was $64.1 million or $0.19 per share, compared to $28.5 million or $0.32 per share in the year-ago period. On average, six analysts polled by Thomson Reuters expected the company to earn $0.10 per share for the quarter. Analysts' estimates typically exclude special items.

Third-quarter loss attributable to common stockholders narrowed to $21.9 million or $0.07 per share from $49.9 million or $0.89 per share last year.

Revenues totaled $137.09 million, up from $68.23 million in the prior year quarter, while four analysts expected revenues of $127.59 million.

Spirit Realty Capital affirms its previously announced 2014 AFFO guidance in the range of $0.77 to $0.82 per share. This AFFO guidance equates to net earnings of $0.09 to $0.14 per share.

Analysts now expect earnings of $0.76 per share fort fiscal 2014.