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Spirit Realty (SRC) Tops Q3 FFO Estimates

Nov 02, 2020 - Nasdaq
Financial Results

Spirit Realty (SRC) came out with quarterly funds from operations (FFO) of $0.72 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to FFO of $0.87 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an FFO surprise of 4.35%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.58 per share when it actually produced FFO of $0.71, delivering a surprise of 22.41%.

Over the last four quarters, the company has surpassed consensus FFO estimates three times...