Spirit Realty: Q1 Earnings Snapshot

DALLAS (AP) — DALLAS (AP) — Spirit Realty Capital Inc. (SRC) on Wednesday reported a key measure of profitability in its first quarter. The results met Wall Street expectations.

The Dallas-based real estate investment trust said it had funds from operations of $126 million, or 89 cents per share, in the period.

The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 89 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.