SCOTTSDALE, AZ-Spirit Realty Capital Inc.'s total revenue report from Q1 2013 offered positive news, amounting to $72.8 million. This figure represented a 4.8% increase from the $69.5 million reported during Q1 2012.

According to a release from the single-tenant REIT, The 5.9% growth in rental income was partially offset by lease termination fees recognized in the first quarter of 2012. The release also reported an $8.3 million net loss attributable to common stockholders for weighted average shares of 83.7 million. This was compared to Q1 2012, in which a net loss attributable to common shareholders of $12.4 million based on 25.9 million weighted averages shares of common stock outstanding.

Perhaps the largest news during the quarter involved the pending merger with Cole Credit Property Trust II, with the following costs incurred:

• $6.1 million in merger-related transaction costs charged to general and administrative expenses;
• $3.6 million in amortization charges included in interest expense arising from financing commitments related to the proposed merger; and
• $0.4 million in third-party expenses incurred to secure lenders' consents to the proposed merger.

Spirit Realty Capital withdrew its forward-looking estimates in light of the pending merger with CCPT II. The combined company will evaluate its estimates upon consummation of the transaction.