Consolidated Statements of Cash Flows - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Operating activities
Net (loss) income		$ (15,847)	$ 43,578
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization		52,236	41,349
Impairments		40,774	3,692
Amortization of deferred financing costs		1,142	2,031
Amortization of debt discounts		1,224	2,706
Amortization of deferred losses on interest rate swaps		702
Stock-based compensation expense		3,451	3,578
Gain on debt extinguishment			(8,783)
Gain on dispositions of real estate and other assets		(388)	(8,730)
Non-cash revenue		(1,259)	(4,110)
Bad debt expense and other		233	799
Changes in operating assets and liabilities:
Deferred costs and other assets, net		(136)	(700)
Accounts payable, accrued expenses and other liabilities		(14,954)	(4,057)
Net cash provided by operating activities		67,178	71,353
Investing activities
Acquisitions of real estate		(205,818)	(160,262)
Capitalized real estate expenditures		(7,810)	(19,612)
Collections of principal on loans receivable and real estate assets under direct financing leases		1,163	3,653
Proceeds from dispositions of real estate and other assets, net		16,800	34,848
Net cash used in investing activities		(195,665)	(141,373)
Financing activities
Borrowings under revolving credit facilities		759,000	372,700
Repayments under revolving credit facilities		(375,500)	(312,500)
Repayments under mortgages and notes payable		(1,017)	(2,906)
Borrowings under term loans			420,000
Repayments under term loans			(420,000)
Debt extinguishment costs			(1,009)
Deferred financing costs			(11,266)
Proceeds from issuance of common stock, net of offering costs		17,677	32,379
Repurchase of shares of common stock, including tax withholdings related to net stock settlements		(2,349)	(704)
Common stock dividends paid		(64,362)	(53,615)
Preferred stock dividends paid		(2,588)	(2,588)
Net cash provided by financing activities		330,861	20,491
Net increase (decrease) in cash, cash equivalents and restricted cash		202,374	(49,529)
Cash, cash equivalents and restricted cash, beginning of period		26,023	77,421
Cash, cash equivalents and restricted cash, end of period		228,397	27,892
Cash paid for interest		29,145	17,052
Cash paid for income taxes		86	262
Supplemental Disclosures of Non-Cash Activities:
Distributions declared and unpaid		64,338	54,254
Relief of debt through sale or foreclosure of real estate properties			10,368
Net real estate and other collateral assets sold or surrendered to lender			654
Cash flow hedge changes in fair value			5,021
Accrued interest capitalized to principal	[1]		251
Accrued market-based award dividend rights		470	308
Accrued capitalized costs		1,015	1,142
Right-of-use lease assets			6,143
Lease liabilities			6,143
Reclass of residual value from direct financing lease to operating lease		6,831
Spirit Realty, L.P.
Operating activities
Net (loss) income		(15,847)	43,578
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization		52,236	41,349
Impairments		40,774	3,692
Amortization of deferred financing costs		1,142	2,031
Amortization of debt discounts		1,224	2,706
Amortization of deferred losses on interest rate swaps		702
Stock-based compensation expense		3,451	3,578
Gain on debt extinguishment			(8,783)
Gain on dispositions of real estate and other assets		(388)	(8,730)
Non-cash revenue		(1,259)	(4,110)
Bad debt expense and other		233	799
Changes in operating assets and liabilities:
Deferred costs and other assets, net		(136)	(700)
Accounts payable, accrued expenses and other liabilities		(14,954)	(4,057)
Net cash provided by operating activities		67,178	71,353
Investing activities
Acquisitions of real estate		(205,818)	(160,262)
Capitalized real estate expenditures		(7,810)	(19,612)
Collections of principal on loans receivable and real estate assets under direct financing leases		1,163	3,653
Proceeds from dispositions of real estate and other assets, net		16,800	34,848
Net cash used in investing activities		(195,665)	(141,373)
Financing activities
Borrowings under revolving credit facilities		759,000	372,700
Repayments under revolving credit facilities		(375,500)	(312,500)
Repayments under mortgages and notes payable		(1,017)	(2,906)
Borrowings under term loans			420,000
Repayments under term loans			(420,000)
Debt extinguishment costs			(1,009)
Deferred financing costs			(11,266)
Proceeds from issuance of common stock, net of offering costs		17,677	32,379
Repurchase of shares of common stock, including tax withholdings related to net stock settlements		(2,349)	(704)
Common stock dividends paid		(64,362)	(53,615)
Preferred stock dividends paid		(2,588)	(2,588)
Net cash provided by financing activities		330,861	20,491
Net increase (decrease) in cash, cash equivalents and restricted cash		202,374	(49,529)
Cash, cash equivalents and restricted cash, beginning of period		26,023	77,421
Cash, cash equivalents and restricted cash, end of period		228,397	27,892
Cash paid for interest		29,145	17,052
Cash paid for income taxes		86	262
Supplemental Disclosures of Non-Cash Activities:
Distributions declared and unpaid		64,338	54,254
Relief of debt through sale or foreclosure of real estate properties			10,368
Net real estate and other collateral assets sold or surrendered to lender			654
Cash flow hedge changes in fair value			5,021
Accrued interest capitalized to principal	[1]		251
Accrued market-based award dividend rights		470	308
Accrued capitalized costs		1,015	1,142
Right-of-use lease assets			6,143
Lease liabilities			$ 6,143
Reclass of residual value from direct financing lease to operating lease		$ 6,831

[1] Accrued and overdue interest on certain CMBS notes that were intentionally placed in default.