Spirit MTA REIT announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2018. For the quarter, total revenues were $62,411,000 against $59,159,000 for the same period a year ago. Loss before income tax expense was $3,514,000 against $6,478,000 for the same period a year ago. Net loss attributable to common stockholders was $7,549,000 against $6,523,000 for the same period a year ago. Basic and diluted net loss per share attributable to common stockholders was $0.18 against $0.15 for the same period a year ago. FFO was $18,553,000 against $30,186,000 for the same period a year ago. Diluted FFO per share of common stock was $0.43 against $0.70 for the same period a year ago. AFFO was $22,570,000 against $34,360,000 for the same period a year ago. Diluted FFO per share of common stock was $0.43 against $0.70 for the same period a year ago. Diluted AFFO per share of common stock was $0.52 against $0.80 for the same period a year ago. EBITDA was $50,260,000 against $48,964,000 for the same period a year ago. Adjusted EBITDA was $52,231,000 against $50,713,000 for the same period a year ago.

For the nine months, total revenues were $183,437,000 against $174,252,000 for the same period a year ago. Loss before income tax expense was $10,035,000 against income before income tax expense of $16,948,000 for the same period a year ago. Net loss attributable to common stockholders was $15,474,000 against net income attributable to common stockholders of $16,813,000 for the same period a year ago. Basic and diluted net loss per share attributable to common stockholders was $0.36 against basic and diluted net income per share attributable to common stockholders of $0.39 for the same period a year ago. FFO was $55,548,000 against $86,741 000 for the same period a year ago. Diluted FFO per share of common stock was $1.29 against $2.02 for the same period a year ago. AFFO was $75,263,000 against $97,774,000 for the same period a year ago. Diluted AFFO per share of common stock was $1.75 against $2.28 for the same period a year ago.

The company announced impairment charges for the third quarter ended September 30, 2018. The company reported impairment charges on real estate assets of $9,343,000 against $15,436,000 for the same period a year ago.