Consolidated Statements of Operations - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2017 |
Sep. 30, 2016 |
Sep. 30, 2017 |
Sep. 30, 2016 |
|
| Revenues: | ||||
| Rentals | $ 159,799,000 | $ 161,765,000 | $ 479,506,000 | $ 484,090,000 |
| Interest income on loans receivable | 1,003,000 | 1,042,000 | 2,769,000 | 4,326,000 |
| Earned income from direct financing leases | 483,000 | 660,000 | 1,613,000 | 2,082,000 |
| Tenant reimbursement income | 4,691,000 | 3,469,000 | 13,136,000 | 10,493,000 |
| Other income | 3,574,000 | 5,572,000 | 6,583,000 | 11,600,000 |
| Total revenues | 169,550,000 | 172,508,000 | 503,607,000 | 512,591,000 |
| Expenses: | ||||
| General and administrative | 13,712,000 | 15,112,000 | 49,992,000 | 40,611,000 |
| Restructuring charges | 0 | 3,264,000 | 0 | 5,726,000 |
| Transaction costs | 2,660,000 | 0 | 3,145,000 | 0 |
| Property costs | 8,080,000 | 6,916,000 | 26,763,000 | 20,854,000 |
| Real estate acquisition costs | 196,000 | 1,056,000 | 773,000 | 2,092,000 |
| Interest | 48,680,000 | 47,653,000 | 142,129,000 | 149,842,000 |
| Depreciation and amortization | 63,673,000 | 65,300,000 | 192,887,000 | 194,227,000 |
| Impairments | 37,737,000 | 15,407,000 | 88,109,000 | 41,396,000 |
| Total expenses | 174,738,000 | 154,708,000 | 503,798,000 | 454,748,000 |
| (Loss) income before other income/(expense) and income tax benefit (expense) | (5,188,000) | 17,800,000 | (191,000) | 57,843,000 |
| Other income (expense): | ||||
| Gain (loss) on debt extinguishment | 1,792,000 | (8,349,000) | 1,770,000 | 326,000 |
| Total other income (expense) | 1,792,000 | (8,349,000) | 1,770,000 | 326,000 |
| (Loss) income before income tax benefit (expense) | (3,396,000) | 9,451,000 | 1,579,000 | 58,169,000 |
| Income tax benefit (expense) | 11,000 | (12,000) | (419,000) | (932,000) |
| (Loss) income before gain on disposition of assets | (3,385,000) | 9,439,000 | 1,160,000 | 57,237,000 |
| Gain on disposition of assets | 8,707,000 | 17,960,000 | 40,197,000 | 39,221,000 |
| Net income attributable to common stockholders | $ 5,322,000 | $ 27,399,000 | $ 41,357,000 | $ 96,458,000 |
| Net income per share attributable to common stockholders—basic (in USD per share) | $ 0.01 | $ 0.06 | $ 0.09 | $ 0.21 |
| Net income per share attributable to common stockholders—diluted (in USD per share) | $ 0.01 | $ 0.06 | $ 0.09 | $ 0.21 |
| Weighted average shares of common stock outstanding: | ||||
| Basic (in shares) | 456,671,617 | 479,554,362 | 472,698,692 | 457,263,526 |
| Diluted (in shares) | 456,671,617 | 480,598,610 | 472,698,692 | 457,301,623 |
| Weighted average partnership units outstanding: | ||||
| Dividends declared per common share/partnership issued (in USD per share) | $ 0.18000 | $ 0.17500 | $ 0.54000 | $ 0.52500 |
| Spirit Realty, L.P. | ||||
| Revenues: | ||||
| Rentals | $ 159,799,000 | $ 161,765,000 | $ 479,506,000 | $ 484,090,000 |
| Interest income on loans receivable | 1,003,000 | 1,042,000 | 2,769,000 | 4,326,000 |
| Earned income from direct financing leases | 483,000 | 660,000 | 1,613,000 | 2,082,000 |
| Tenant reimbursement income | 4,691,000 | 3,469,000 | 13,136,000 | 10,493,000 |
| Other income | 3,574,000 | 5,572,000 | 6,583,000 | 11,600,000 |
| Total revenues | 169,550,000 | 172,508,000 | 503,607,000 | 512,591,000 |
| Expenses: | ||||
| General and administrative | 13,712,000 | 15,112,000 | 49,992,000 | 40,611,000 |
| Restructuring charges | 0 | 3,264,000 | 0 | 5,726,000 |
| Transaction costs | 2,660,000 | 0 | 3,145,000 | 0 |
| Property costs | 8,080,000 | 6,916,000 | 26,763,000 | 20,854,000 |
| Real estate acquisition costs | 196,000 | 1,056,000 | 773,000 | 2,092,000 |
| Interest | 48,680,000 | 47,653,000 | 142,129,000 | 149,842,000 |
| Depreciation and amortization | 63,673,000 | 65,300,000 | 192,887,000 | 194,227,000 |
| Impairments | 37,737,000 | 15,407,000 | 88,109,000 | 41,396,000 |
| Total expenses | 174,738,000 | 154,708,000 | 503,798,000 | 454,748,000 |
| (Loss) income before other income/(expense) and income tax benefit (expense) | (5,188,000) | 17,800,000 | (191,000) | 57,843,000 |
| Other income (expense): | ||||
| Gain (loss) on debt extinguishment | 1,792,000 | (8,349,000) | 1,770,000 | 326,000 |
| Total other income (expense) | 1,792,000 | (8,349,000) | 1,770,000 | 326,000 |
| (Loss) income before income tax benefit (expense) | (3,396,000) | 9,451,000 | 1,579,000 | 58,169,000 |
| Income tax benefit (expense) | 11,000 | (12,000) | (419,000) | (932,000) |
| (Loss) income before gain on disposition of assets | (3,385,000) | 9,439,000 | 1,160,000 | 57,237,000 |
| Gain on disposition of assets | 8,707,000 | 17,960,000 | 40,197,000 | 39,221,000 |
| Net income attributable to common stockholders | 5,322,000 | 27,399,000 | 41,357,000 | 96,458,000 |
| Net income attributable to the general partner | 44,000 | 232,000 | 344,000 | 817,000 |
| Net income attributable to the limited partners | $ 5,278,000 | $ 27,167,000 | $ 41,013,000 | $ 95,641,000 |
| Net income per partnership unit - basic (in USD per share) | $ 0.01 | $ 0.06 | $ 0.09 | $ 0.21 |
| Net income per partnership unit - diluted (in USD per share) | $ 0.01 | $ 0.06 | $ 0.09 | $ 0.21 |
| Weighted average partnership units outstanding: | ||||
| Basic (in shares) | 456,671,617 | 479,554,362 | 472,698,692 | 457,263,526 |
| Diluted (in shares) | 456,671,617 | 480,598,610 | 472,698,692 | 457,301,623 |
| Dividends declared per common share/partnership issued (in USD per share) | $ 0.18 | $ 0.175 | $ 0.54 | $ 0.525 |