| Cover | 12 Months Ended |
| Dec. 31, 2022 | |
| Document Information [Line Items] | |
| Document Type | DEF 14A |
| Amendment Flag | false |
| Entity Information [Line Items] | |
| Entity Registrant Name | SPIRIT REALTY CAPITAL, INC. |
| Entity Central Index Key | 0001308606 |
| Pay vs Performance Disclosure | 12 Months Ended | ||
| Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
| Pay vs Performance Disclosure [Table] | |||
| Pay vs Performance [Table Text Block] | Pay Versus Performance Pay Versus Performance Table The following table sets forth information concerning the compensation of our NEOs for each of the fiscal years ended December 31, 2020, 2021 and 2022, and our financial performance for each such fiscal year. With respect to “Compensation Actually Paid to PEO,” due to market fluctuations and stock volatility impacting the Company during the applicable time periods, the compensation for our PEO, Jackson Hsieh, as adjusted, was either negative or elevated as compared to compensation reported in the Summary Compensation Table. This is mainly due to the fact that a large portion (over 70%) of Jackson’s total compensation consists of performance share awards (“PSAs”) and thus the value associated with PSAs can have a significant impact on total compensation reported. For purposes of calculating “Compensation Actually Paid,” these PSAs are calculated using year-over-year Monte Carlo valuations which incorporate stock price volatility of the Company and each of its peers, as well as other variables. The market fluctuations and stock volatility the Company experienced during the applicable fiscal year heavily impacted the Monte Carlo valuations and resulted in values that were higher or lower than the grant date fair values reported in the Summary Compensation Table in the applicable fiscal year (which are calculated on the grant date for the entire three-year performance period). In addition, “Compensation Actually Paid” takes into account the value of PSAs that actually vest in an applicable year. In 2022, the 2020 PSAs that were eligible to vest were not earned, resulting in significant value reductions to Jackson’s compensation. In 2021, PSA awards vested at the maximum performance level, resulting in a significant value increase to Jackson’s “Compensation Actually Paid.” Thus, it is important to note that the values of outstanding PSAs included in “Compensation Actually Paid” are uncertain and these awards may ultimately not vest at all, as we saw in 2022. (a) (b) (c) (d) (e) (f) (g) (h) (i) Value of Initial Fixed $100 Year Summary ($) Compensation ($) (1)(2)(3) Average Non-PEO Average Non-PEO (1)(2)(3) Total ($) Peer Group ($) (4) Net Income ($ in AFFO Per (5) 2022 12,721,068 (1,055,808 ) 2,827,896 698,536 98.59 99.67 285,516 3.56 2021 12,549,978 20,415,587 2,843,839 4,329,882 111.49 131.78 171,702 3.31 2020 8,243,447 (1,158,952 ) 1,988,656 1,319,950 88.03 92.00 26,708 2.95 (1) Amounts represent compensation “actually paid” to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year: Year PEO Non-PEO 2022 Jackson Hsieh Michael Hughes, Ken Heimlich, Jay Young and Rochelle Thomas 2021 Jackson Hsieh Michael Hughes, Ken Heimlich and Jay Young 2020 Jackson Hsieh Michael Hughes, Ken Heimlich and Jay Young (2) Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, and adjusted as follows: 2020 2021 2022 Adjustments PEO Average non-PEO PEO Average non-PEO PEO Average non-PEO Deduction for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table for Applicable FY $(5,543,393) $(1,028,706) $(8,486,236) $(1,574,826) $(8,972,078) $(1,634,428) Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End $4,762,914 $883,870 $10,278,224 $1,907,373 $4,302,442 $783,768 Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Vested during Applicable FY, determined as of Vesting Date — — — — — — Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End $(2,070,864) $(477,133) $1,284,775 $234,696 $(4,938,693) $(701,809) Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date $(8,916,951) $(194,708) $3,453,661 $628,230 $(4,201,142) $(585,976) Deduction of ASC 718 Fair Value of Awards Granted during Prior FY that were Forfeited during Applicable FY, determined as of Prior FY End — — — — — — Increase based on Dividends or Other Earnings Paid during Applicable FY prior to Vesting Date $2,365,895 $147,971 $1,335,185 $290,570 $32,595 $9,085 Increase based on Incremental Fair Value of Options/SARs Modified during Applicable FY — — — — — — Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the Summary Compensation Table for Applicable FY — — — — — — Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans — — — — — — TOTAL ADJUSTMENTS $(9,402,399) $(668,706) $7,865,609 $1,486,043 ($13,776,876) $(2,129,360) (3) The Fair Value valuation adjustments for PSAs outlined above to calculate compensation actually paid included assumptions that differed from those used in the Company’s grant date fair value calculations. For PSAs, updated assumptions related to expected volatility of the Company, average expected volatility of the Company’s peers, and the risk-free interest rate. Expected volatility was determined using an equal weighting of implied volatility and historical volatility. The following table sets forth the assumptions used to calculate the Fair Value valuation adjustments of PSAs granted to our NEOs as outlined above: 12/31/2019 a 12/31/2020 12/31/2021 12/31/2022 PSA 2017 One-Time b Expected Volatility of Company 20.60 % — — — Average Expected Volatility of Peers 19.03 % — — — Risk-Free Interest Rate 1.57 % — — — 2018 Annual Award Expected Volatility of Company 20.60 % — — — Average Expected Volatility of Peers 19.03 % — — — Risk-Free Interest Rate 1.59 % — — — 2018 One-Time c Expected Volatility of Company 20.60 % 47.80 % — — Average Expected Volatility of Peers 19.03 % 44.66 % — — Risk-Free Interest Rate 1.58 % 0.09 % — — 2019 Annual Award Expected Volatility of Company 20.60 % 47.80 % — — Average Expected Volatility of Peers 19.03 % 44.66 % — — Risk-Free Interest Rate 1.58 % 0.10 % — — 2020 Annual Award Expected Volatility of Company — 47.80 % 41.60 % — Average Expected Volatility of Peers — 45.87 % 38.95 % — Risk-Free Interest Rate — 0.13 % 0. 39 % — 2021 Annual Award Expected Volatility of Company — — 41.60 % 22.30 % Average Expected Volatility of Peers — — 38.95 % 25.86 % Risk-Free Interest Rate — — 0.73 % 4.73 % 2022 Annual Award Expected Volatility of Company — — — 22.30 % Average Expected Volatility of Peers — — — 26.18 % Risk-Free Interest Rate — — — 4.41 % a. The year-end b. This represents a one-time c. This represents a one-time (4) For the relevant fiscal year, represents the cumulative TSR (the “Peer Group TSR”) of the NAREIT US Equity REIT Index (the “Peer Group”). (5) AFFO Per Share is a non-GAAP Annex A | ||
| Company Selected Measure Name | AFFO Per Share | ||
| Named Executive Officers, Footnote [Text Block] | Amounts represent compensation “actually paid” to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year: Year PEO Non-PEO 2022 Jackson Hsieh Michael Hughes, Ken Heimlich, Jay Young and Rochelle Thomas 2021 Jackson Hsieh Michael Hughes, Ken Heimlich and Jay Young 2020 Jackson Hsieh Michael Hughes, Ken Heimlich and Jay Young | ||
| Peer Group Issuers, Footnote [Text Block] | For the relevant fiscal year, represents the cumulative TSR (the “Peer Group TSR”) of the NAREIT US Equity REIT Index (the “Peer Group”). | ||
| PEO Total Compensation Amount | $ 12,721,068 | $ 12,549,978 | $ 8,243,447 |
| PEO Actually Paid Compensation Amount | $ (1,055,808) | 20,415,587 | (1,158,952) |
| Adjustment To PEO Compensation, Footnote [Text Block] | 2020 2021 2022 Adjustments PEO Average non-PEO PEO Average non-PEO PEO Average non-PEO Deduction for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table for Applicable FY $(5,543,393) $(1,028,706) $(8,486,236) $(1,574,826) $(8,972,078) $(1,634,428) Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End $4,762,914 $883,870 $10,278,224 $1,907,373 $4,302,442 $783,768 Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Vested during Applicable FY, determined as of Vesting Date — — — — — — Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End $(2,070,864) $(477,133) $1,284,775 $234,696 $(4,938,693) $(701,809) Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date $(8,916,951) $(194,708) $3,453,661 $628,230 $(4,201,142) $(585,976) Deduction of ASC 718 Fair Value of Awards Granted during Prior FY that were Forfeited during Applicable FY, determined as of Prior FY End — — — — — — Increase based on Dividends or Other Earnings Paid during Applicable FY prior to Vesting Date $2,365,895 $147,971 $1,335,185 $290,570 $32,595 $9,085 Increase based on Incremental Fair Value of Options/SARs Modified during Applicable FY — — — — — — Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the Summary Compensation Table for Applicable FY — — — — — — Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans — — — — — — TOTAL ADJUSTMENTS $(9,402,399) $(668,706) $7,865,609 $1,486,043 ($13,776,876) $(2,129,360) | ||
| Non-PEO NEO Average Total Compensation Amount | $ 2,827,896 | 2,843,839 | 1,988,656 |
| Non-PEO NEO Average Compensation Actually Paid Amount | $ 698,536 | 4,329,882 | 1,319,950 |
| Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | 2020 2021 2022 Adjustments PEO Average non-PEO PEO Average non-PEO PEO Average non-PEO Deduction for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table for Applicable FY $(5,543,393) $(1,028,706) $(8,486,236) $(1,574,826) $(8,972,078) $(1,634,428) Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End $4,762,914 $883,870 $10,278,224 $1,907,373 $4,302,442 $783,768 Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Vested during Applicable FY, determined as of Vesting Date — — — — — — Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End $(2,070,864) $(477,133) $1,284,775 $234,696 $(4,938,693) $(701,809) Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date $(8,916,951) $(194,708) $3,453,661 $628,230 $(4,201,142) $(585,976) Deduction of ASC 718 Fair Value of Awards Granted during Prior FY that were Forfeited during Applicable FY, determined as of Prior FY End — — — — — — Increase based on Dividends or Other Earnings Paid during Applicable FY prior to Vesting Date $2,365,895 $147,971 $1,335,185 $290,570 $32,595 $9,085 Increase based on Incremental Fair Value of Options/SARs Modified during Applicable FY — — — — — — Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the Summary Compensation Table for Applicable FY — — — — — — Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans — — — — — — TOTAL ADJUSTMENTS $(9,402,399) $(668,706) $7,865,609 $1,486,043 ($13,776,876) $(2,129,360) | ||
| Compensation Actually Paid vs. Total Shareholder Return [Text Block] | |||
| Compensation Actually Paid vs. Net Income [Text Block] | |||
| Compensation Actually Paid vs. Company Selected Measure [Text Block] | |||
| Tabular List [Table Text Block] | Pay Versus Performance Tabular List for fiscal year ended December 31, 2022 For the fiscal year ended December 31, 2022, we believe the following performance measures represent the most important financial performance measures used by us in 2022 to link compensation actually paid to our NEOs for fiscal year ended December 31, 2022: • AFFO Per Share; • Debt to EBITDA Leverage; • Capital Deployment; and • Relative TSR For additional details regarding our most important financial performance measures, please see the section titled “Annual Performance Based Cash Incentive Compensation” and “LTIP Equity Based Incentives” on pages 39 through page 45 of this Proxy Statement. | ||
| Total Shareholder Return Amount | $ 98.59 | 111.49 | 88.03 |
| Peer Group Total Shareholder Return Amount | 99.67 | 131.78 | 92 |
| Net Income (Loss) | $ 285,516,000 | $ 171,702,000 | $ 26,708,000 |
| Company Selected Measure Amount | 3.56 | 3.31 | 2.95 |
| PEO Name | Jackson Hsieh | ||
| Measure [Axis]: 1 | |||
| Pay vs Performance Disclosure [Table] | |||
| Measure Name | AFFO Per Share | ||
| Non-GAAP Measure Description [Text Block] | AFFO Per Share is a non-GAAP Annex A | ||
| Measure [Axis]: 2 | |||
| Pay vs Performance Disclosure [Table] | |||
| Measure Name | Debt to EBITDA Leverage | ||
| Measure [Axis]: 3 | |||
| Pay vs Performance Disclosure [Table] | |||
| Measure Name | Capital Deployment | ||
| Measure [Axis]: 4 | |||
| Pay vs Performance Disclosure [Table] | |||
| Measure Name | Relative TSR | ||
| PEO [Member] | Total Net Adjustments For Equity Awards [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | $ (13,776,876) | $ 7,865,609 | $ (9,402,399) |
| PEO [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | 4,302,442 | 10,278,224 | 4,762,914 |
| PEO [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | (4,938,693) | 1,284,775 | (2,070,864) |
| PEO [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | (4,201,142) | 3,453,661 | (8,916,951) |
| PEO [Member] | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | 32,595 | 1,335,185 | 2,365,895 |
| PEO [Member] | Stock Awards [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | (8,972,078) | (8,486,236) | (5,543,393) |
| Non-PEO NEO [Member] | Total Net Adjustments For Equity Awards [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | (2,129,360) | 1,486,043 | (668,706) |
| Non-PEO NEO [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | 783,768 | 1,907,373 | 883,870 |
| Non-PEO NEO [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | (701,809) | 234,696 | (477,133) |
| Non-PEO NEO [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | (585,976) | 628,230 | (194,708) |
| Non-PEO NEO [Member] | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | 9,085 | 290,570 | 147,971 |
| Non-PEO NEO [Member] | Stock Awards [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | $ (1,634,428) | $ (1,574,826) | $ (1,028,706) |
