SCOTTSDALE, AZ-Spirit Realty Capital Inc., a REIT focusing on single-tenant commercial real estate investments, released operating results for Q3 2013. The information provided included results before and after the REIT's merger with Cole Credit Property Trust II Inc, which closed July 17.

Earnings highlights for the quarter were:

• Revenues of $137.1 million, which more than doubling the revenues reported in Q3 2012.

• Funds from Operations (FFO) of $0.08 per share, Adjusted Funds from Operations (AFFO) of $0.19 per share, and a net loss of $0.07 per share.

• Two cash dividends for the third quarter equating to $0.1640625/share on a post-merger basis. These dividends equate to an annualized dividend of $0.65625 per share.

• The sale of two non-core multi-tenant properties acquired in the merger, in a transaction valued at approximately $259 million.

• An investment of $81.7 million that added 40 properties with tenants in place and a weighted average initial yield of 7.82%.

• Portfolio occupancy at above 99%.

• Reduction of Spirit Realty Capital's Leverage (the ratio of Adjusted Debt to Annualized Adjusted EBITDA) to 7.1x at Sept. 30 from 7.3x from the same period the year before.

"Our merger with Cole II was a transformative event for our company, and we are pleased to be able to report consolidated results for the first time," said Thomas H. Nolan Jr., Spirit Realty Capital's chairman and CEO. "The triple net lease space remains dynamic, and I believe New Spirit has the scale, strategy and credit discipline to continue to deliver a predictable and attractive yield to shareholders."