SPIRIT REALTY CAPITAL, INC.
Real Estate · Opeators of Nonresidential Buildings · MD · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | |
|---|---|---|---|---|---|---|
| Revenue | $168.4M | $135.1M | $122.7M | $516.4M | $103.5M | $106.5M |
| Operating income | — | — | — | — | — | $14.1M |
| Net income | $285.5M | $171.7M | $26.7M | $175.3M | $132.1M | $77.1M |
| Total assets | $8.47B | $7.33B | $6.40B | $5.83B | $5.10B | $7.26B |
| Total liabilities | $3.91B | $3.33B | $2.80B | $2.42B | $2.29B | $3.94B |
| Equity | $4.56B | $4.00B | $3.60B | $3.41B | $2.80B | $3.32B |
| EPS (diluted) | $0.42 | $-0.04 | $-0.18 | $1.81 | $0.31 | $0.13 |
| Shares out. | 127.7M | 114.9M | 102.5M | 85.9M | 448.8M | 483.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2022- Operating margin
- —
- Net margin
- 169.6%
- Return on equity
- 6.3%
- Return on assets
- 3.4%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 46.2%
- Debt / equity
- 0.86×
- Book value / share
- $35.71
- Revenue growth (YoY)
- 24.6%
- Net income growth (YoY)
- 66.3%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2022- Accruals / assets
- −2.4%clean
- Piotroski F-Score
- 5/7mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 4 good- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Hsieh JacksonOfficer — President and CEO | Jan 23, 2024 | Grant | 48,103 | $0.00 |
| Frank Elizabeth FDirector | Jan 23, 2024 | D | 20,210 | $0.00 |
| Young JayOfficer — EVP, CAO, CLO | Jan 23, 2024 | Grant | 8,041 | $0.00 |
| Parag Prakash JOfficer — SVP, Chief Accounting Officer | Jan 23, 2024 | D | 38,573 | $0.00 |
| Charlton Kevin M.Director | Jan 23, 2024 | D | 33,579 | $0.00 |
| Heimlich KennethOfficer — EVP, Chief Investment Officer | Jan 23, 2024 | Grant | 10,192 | $0.00 |
| Gathright Kristian MDirector | Jan 23, 2024 | D | 19,363 | $0.00 |
| Shepherd Nicholas PDirector | Jan 23, 2024 | D | 27,881 | $0.00 |
| Hughes Michael C.Officer — EVP, CFO | Jan 23, 2024 | Grant | 18,101 | $0.00 |
| Frymire Michelle MDirector | Jan 23, 2024 | D | 10,009 | $0.00 |
| Thomas RochelleOfficer — EVP, General Counsel | Jan 23, 2024 | Grant | 6,627 | $0.00 |
| Gilchrist Richard IDirector | Jan 23, 2024 | D | 50,560 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Terminated a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylawsJan 24, 2024
- Shareholder vote · Regulation FD disclosureJan 19, 2024
- Other material eventJan 11, 2024
- Director / officer changeJan 2, 2024
- Director / officer changeDec 12, 2023
- Results of operationsNov 2, 2023
- Entered a material agreement · Regulation FD disclosureOct 30, 2023
- Results of operationsAug 7, 2023
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (3)
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