SRC Stock Fair Value – Spirit Realty Capital Shares Reach New Heights
December 16, 2023
☀️Trending News
Spirit Realty Capital ($NYSE:SRC) Inc. recently reached a 52-week high in its stock price, which is a major milestone for the company. This jump in stock price has had a significant impact on the market, as it has brought renewed attention to the real estate investment trust (REIT). The company is based in Dallas, Texas and is a leader in providing single-tenant commercial real estate in the United States. The REIT’s portfolio consists of a diverse mix of properties including retail, industrial, office, and healthcare sectors. The success of Spirit Realty Capital Inc. can be attributed to its experienced and dedicated management team, strong balance sheet, and ongoing investments in the real estate sector. The company has been able to acquire new properties at attractive prices and has successfully monetized its portfolio, generating strong revenues.
Furthermore, its focus on diversifying across industries and geographic regions has enabled it to weather economic cycles and maintain a strong portfolio. This recent surge in stock price is further evidence of the company’s strength and stability. Spirit Realty Capital Inc. has become a major player in the real estate industry and is well-positioned to capitalize on the current market opportunities. Investors are confident that this upward trend will continue as the company continues to expand its reach and grow its portfolio.
Price History
On Friday, shares of Spirit Realty Capital Inc. (SPIRIT REALTY CAPITAL) reached new heights, opening at $43.8 and closing at $43.9, although the stock showed a slight dip of 0.9% from its prior closing price of 44.3. Despite this, the company’s stock has seen a steady increase since the beginning of the year, as investors have taken an interest in their management and products. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SRC. More…
| Total Revenues | Net Income | Net Margin |
| 748.83 | 248.55 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SRC. More…
| Operations | Investing | Financing |
| 521.11 | -462.38 | -29.54 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SRC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.65k | 4.16k | 30.61 |
Key Ratios Snapshot
Some of the financial key ratios for SRC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 44.0% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – SRC Stock Fair Value
At GoodWhale, we specialize in analyzing financials for investors. We recently took a deep dive into SPIRIT REALTY CAPITAL and after analyzing their financials, we determined that the fair value of their shares is around $43.6. This figure was calculated by our proprietary Valuation Line. Now, SPIRIT REALTY CAPITAL stock is traded at $43.9, making it a fair price for investors. Therefore, we believe that now is a good time to invest in their shares. More…
Peers
As of December 31, 2018, the Company’s portfolio comprised 3,006 properties, with a weighted average lease term of approximately 11.6 years. The Company’s tenant base includes national and regional retail tenants, restaurants, and other service-oriented businesses. The Company’s competitors include H&R Real Estate Investment Trust, Franklin Street Properties Corp, and Japan Prime Realty Investment Corp.
– H&R Real Estate Investment Trust ($TSX:HR.UN)
H&R Real Estate Investment Trust is a real estate investment trust that owns, operates, and develops a portfolio of office, retail, and residential properties. As of December 31, 2020, the company owned and managed a portfolio of 101 properties totaling approximately 38.8 million square feet of gross leasable area. The company was founded in 1996 and is headquartered in Toronto, Canada.
– Franklin Street Properties Corp ($NYSEAM:FSP)
Franklin Street Properties Corp is a real estate investment trust that owns, manages, and develops office properties. The company’s market cap is $248.8 million as of 2022. Franklin Street Properties Corp owns properties in the United States, Canada, and Australia. The company was founded in 1997 and is headquartered in Wakefield, Massachusetts.
– Japan Prime Realty Investment Corp ($TSE:8955)
Japan Prime Realty Investment Corp is one of the largest real estate investment trusts (REITs) in Japan. The company was established in 2006 and is headquartered in Tokyo. As of March 31, 2020, the company’s portfolio consisted of 547 properties with a total value of approximately JPY 4.8 trillion. Japan Prime Realty Investment Corp’s primary business is the ownership and management of office buildings, retail properties, and logistics facilities in Japan. The company is also involved in the development of real estate projects.
Summary
Spirit Realty Capital Inc (SPIR) is a real estate investment trust (REIT) that focuses on single-tenant, operationally essential real estate assets across the United States. Analysts believe this move is a sign of increasing investor confidence in the stock, and that there may be potential for further appreciation. Investment ratings on the stock are generally favorable, with analysts recommending buying and holding or buying and monitoring.
SPIR also has a strong balance sheet and has proven to be resilient in difficult economic times, making it an attractive option for those seeking long-term growth potential. Investors may also want to consider the company’s ability to access the capital markets to fund potential acquisitions or other growth initiatives.
