Spirit Realty Capital FFO of $0.89 misses by $0.01

• Spirit Realty Capital press release (NYSE:SRC): Q1 FFO of $0.89 misses by $0.01.
• Occupancy of 99.8%, No Lost Rent and Unreimbursed Property Costs of 1.5%

• 2023 GUIDANCE

  The Company updated its guidance for fiscal year 2023:

  • AFFO per share of $3.54 to $3.60, vs. consensus of $3.63
  • Capital deployment of $700 million to $900 million(comprised of acquisitions and revenue producing expenditures)
  • Dispositions of $325 million to $375 million

Comments

[Will104]

Looks steady but unremarkable

Market seems to like it - or something today

[Whiteshell]

AFFO consensus was $3.57. $3.63 was FFO consensus, not AFFO.

[King Rat]

@Whiteshell
That is true, though the full year outlook is still a disappointing drop from last year.

[Pinguino Investments]

What does "Bo Lost Rent" mean? Who is "Bo" and how did he lose the rent?

[ddesaules]

@Pinguino Investments BO probably an accounting term means back out.

[Dapper2013]

@Pinguino Investments should be “No lost rent”

[pessoa00]

FFO was 0,9. AFFO was 0,89