Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands |
3 Months Ended |
Mar. 31, 2018 |
Mar. 31, 2017 |
| Revenues: |
|
|
| Rentals |
$ 157,612
|
$ 159,220
|
| Interest income on loans receivable |
1,827
|
892
|
| Earned income from direct financing leases |
465
|
612
|
| Tenant reimbursement income |
4,418
|
3,965
|
| Other income |
956
|
733
|
| Total revenues |
165,278
|
165,422
|
| Expenses: |
|
|
| General and administrative |
15,885
|
13,418
|
| Transaction costs |
3,932
|
0
|
| Property costs (including reimbursable) |
7,415
|
9,051
|
| Real estate acquisition costs |
48
|
153
|
| Interest |
51,065
|
46,623
|
| Depreciation and amortization |
62,117
|
64,994
|
| Impairments |
14,569
|
34,376
|
| Total expenses |
155,031
|
168,615
|
| Income (loss) before other income/(expense) and income tax expense |
10,247
|
(3,193)
|
| Other income (expense): |
|
|
| Gain (loss) on debt extinguishment |
21,328
|
(30)
|
| Total other income (expense) |
21,328
|
(30)
|
| Income (loss) before income tax expense |
31,575
|
(3,223)
|
| Income tax expense |
(252)
|
(165)
|
| Income (loss) before (loss) gain on disposition of assets |
31,323
|
(3,388)
|
| (Loss) gain on disposition of assets |
(605)
|
16,217
|
| Net income |
30,718
|
12,829
|
| Total comprehensive income |
30,718
|
12,829
|
| Dividends paid to preferred stockholders/ preferred distributions |
(2,588)
|
0
|
| Net Income attributable to common stockholders/ net income after preferred distributions |
$ 28,130
|
$ 12,829
|
| Net income per share attributable to common stockholders—basic (in USD per share) |
$ 0.06
|
$ 0.03
|
| Net income per share attributable to common stockholders—diluted (in USD per share) |
$ 0.06
|
$ 0.03
|
| Weighted average shares of common stock outstanding: |
|
|
| Basic (in shares) |
444,875,428
|
482,607,198
|
| Diluted (in shares) |
445,102,225
|
482,609,096
|
| Weighted average partnership units outstanding: |
|
|
| Dividends declared per common share/distributions declared per partnership unit issued (in USD per share) |
$ 0.18000
|
$ 0.18
|
| Spirit Realty, L.P. |
|
|
| Revenues: |
|
|
| Rentals |
$ 157,612
|
$ 159,220
|
| Interest income on loans receivable |
1,827
|
892
|
| Earned income from direct financing leases |
465
|
612
|
| Tenant reimbursement income |
4,418
|
3,965
|
| Other income |
956
|
733
|
| Total revenues |
165,278
|
165,422
|
| Expenses: |
|
|
| General and administrative |
15,885
|
13,418
|
| Transaction costs |
3,932
|
0
|
| Property costs (including reimbursable) |
7,415
|
9,051
|
| Real estate acquisition costs |
48
|
153
|
| Interest |
51,065
|
46,623
|
| Depreciation and amortization |
62,117
|
64,994
|
| Impairments |
14,569
|
34,376
|
| Total expenses |
155,031
|
168,615
|
| Income (loss) before other income/(expense) and income tax expense |
10,247
|
(3,193)
|
| Other income (expense): |
|
|
| Gain (loss) on debt extinguishment |
21,328
|
(30)
|
| Total other income (expense) |
21,328
|
(30)
|
| Income (loss) before income tax expense |
31,575
|
(3,223)
|
| Income tax expense |
(252)
|
(165)
|
| Income (loss) before (loss) gain on disposition of assets |
31,323
|
(3,388)
|
| (Loss) gain on disposition of assets |
(605)
|
16,217
|
| Net income |
30,718
|
12,829
|
| Total comprehensive income |
30,718
|
12,829
|
| Dividends paid to preferred stockholders/ preferred distributions |
(2,588)
|
0
|
| Net Income attributable to common stockholders/ net income after preferred distributions |
28,130
|
12,829
|
| Net income attributable to the general partner |
229
|
109
|
| Net income attributable to the limited partners |
$ 30,489
|
$ 12,720
|
| Net income per partnership unit - basic (in USD per share) |
$ 0.06
|
$ 0.03
|
| Net income per partnership unit - diluted (in USD per share) |
$ 0.06
|
$ 0.03
|
| Weighted average partnership units outstanding: |
|
|
| Basic (in shares) |
444,875,428
|
482,607,198
|
| Diluted (in shares) |
445,102,225
|
482,609,096
|
| Dividends declared per common share/distributions declared per partnership unit issued (in USD per share) |
$ 0.18
|
$ 0.18
|