Spirit Realty Capital Inc is a real estate investment trust primarily involved in leasing properties throughout the U.S. Spirit Realty's core business is acquiring real estate through sale-leaseback transactions in which a tenant will sell their property to Spirit and then lease that same property back from Spirit through a prearranged, long-term agreement. Spirit generates nearly all of its revenue in the form of rental income derived from leasing assets in its real estate portfolio. The vast majority of this portfolio is composed of retail properties. General merchandise companies, casual dining chains, and quick service restaurant chains represent significant amounts of Spirit's rental income. The company's real estate assets are fairly evenly distributed throughout the U.S.

Financial Strength

4/10

Name	Current	Vs Industry
Cash-To-Debt	0.04
Equity-to-Asset	0.52
Debt-to-Equity	0.85
Debt-to-EBITDA	5.39
Interest Coverage	2.43
Piotroski F-Score	5/9	0 1 2 3 4 5 6 7 8 9
Altman Z-Score	0.61	Distress Grey Safe
Beneish M-Score	-1.59	Manipulator Not Manipulator
WACC vs ROIC		WACC ROIC

Growth Rank

7/10

	Name	Current	Vs Industry		Vs History
	3-Year Revenue Growth Rate	-2.4
	3-Year EBITDA Growth Rate	1
	3-Year EPS without NRI Growth Rate	-2.6
	3-Year FCF Growth Rate	-2.7
	3-Year Book Growth Rate	-0.6
	Future 3-5Y Total Revenue Growth Rate Estimate	4.67

Momentum Rank

	Name	Current	Vs Industry		Vs History
	5-Day RSI	20.1
	9-Day RSI	32.04
	14-Day RSI	42.07
	6-1 Month Momentum %	4.42
	12-1 Month Momentum %	5.74

Liquidity Ratio

	Name	Current	Vs Industry		Vs History
	Current Ratio	1.08
	Quick Ratio	1.08
	Cash Ratio	0.58
	Days Payable	2446.86

Dividend & Buy Back

	Name	Current	Vs Industry		Vs History
	Dividend Yield %	6.3
	Dividend Payout Ratio	2.11
	3-Year Dividend Growth Rate	1.3
	Forward Dividend Yield %	6.33
	5-Year Yield-on-Cost %	4.6
	3-Year Average Share Buyback Ratio	-11.3
	Shareholder Yield %	-1.57

Profitability Rank

6/10

	Name	Current	Vs Industry		Vs History
	Gross Margin %	95.82
	Operating Margin %	43.97
	Net Margin %	34.57
	FCF Margin %	56.37
	ROE %	5.71
	ROA %	3.04
	ROIC %	3.91
	3-Year ROIIC %	2.8
	ROCE %	4.77
	Years of Profitability over Past 10-Year	8

GF Value Rank

6/10

	Name	Current	Vs Industry		Vs History
	Price-to-FFO	11.63
	PE Ratio	24.18
	Forward PE Ratio	29.84
	PE Ratio without NRI	33.5
	Shiller PE Ratio	31.76
	Price-to-Owner-Earnings	11.37
	PS Ratio	7.95
	PB Ratio	1.38
	Price-to-Tangible-Book	1.61
	Price-to-Free-Cash-Flow	14.11
	Price-to-Operating-Cash-Flow	11.43
	EV-to-EBIT	24.87
	EV-to-Forward-EBIT	27.02
	EV-to-EBITDA	13.89
	EV-to-Forward-EBITDA	14.32
	EV-to-Revenue	13.14
	EV-to-Forward-Revenue	12.93
	EV-to-FCF	23.31
	Price-to-Projected-FCF	0.87
	Price-to-Median-PS-Value	1.05
	Price-to-Graham-Number	1.55
	Earnings Yield (Greenblatt) %	4.02
	FCF Yield %	7.05
	Forward Rate of Return (Yacktman) %	7.85

GF Value: $43.5

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