Spirit Realty Capital, Inc. (NYSE:SRC) reported third quarter earnings before the bell today, that beat street view.
On a GAAP basis, SRC reported net income of $ 27.47 million or 6 cents per share, compared with income of $ 5.32 million or 1 cents per share, a year ago period.
Excluding special items, the company announced adjusted funds from operation income of $ 72.96 million or 17 cents per share.
Headquartered in Dallas, SRC recorded total revenue that rose 1% to $ 109.64 million from $ 108.72 million in the same quarter last year.
Analysts polled by Thomson Reuters expected Spirit Realty Capital to reveal income of $ 0.05 per share on revenue of $ 101.82 million for the third quarter.
For the full year 2018, SRC expects earnings in the range of $ 0.75 – $ 0.76 per share.