Realty Income(O)

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This More-Than 5%-Yielding Dividend Stock Just Keeps On Growing
The Motley Fool· 2024-08-07 09:50
Realty Income continues to expand its portfolio (and dividend). Realty Income (O 2.13%) is a model of consistency. The real estate investment trust (REIT) has grown its earnings in 27 of the last 28 years. Meanwhile, the REIT has increased its monthly dividend for 30 straight years (including the last 107 consecutive quarters). That steady growth has continued this year, and the REIT seems highly likely to keep growing in the future. That consistent growth (and its high-dividend yield of more than 5%) makes ...
Realty Income(O) - 2024 Q2 - Earnings Call Presentation
2024-08-06 21:15
Investor Presentation REAL ESTATE PARTNER TO THE WORLD'S LEADING COMPANIES August 2024 REALTY & INCOME The Monthly Dividend Company * Safe Harbor For Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. When used in this presentation, the words "estimated," "anticipated," "expect," "believe," "i ...
Realty Income(O) - 2024 Q2 - Earnings Call Transcript
2024-08-06 21:12
Realty Income Corporation. (NYSE:O) Q2 2024 Earnings Conference Call August 6, 2024 2:00 PM ET Company Participants Steve Bakke - Senior Vice President of Corporate Finance Sumit Roy - President & Chief Executive Officer Jonathan Pong - Chief Financial Officer & Treasurer Conference Call Participants Michael Goldsmith - UBS Joshua Dennerlein - Bank of America John Kilichowski - Wells Fargo Haendel St. Juste - Mizuho Smedes Rose - Citi Greg McGinniss - Scotiabank Upal Rana - KeyBanc Capital Markets Linda Tsa ...
Realty Income(O) - 2024 Q2 - Quarterly Report
2024-08-06 20:11
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024, or ☐ Transition report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 1-13374 REALTY INCOME CORPORATION (Exact name of registrant as specified in its charter) Maryland 33-0580106 (State or Other Jurisdiction of Incorporation or Org ...
Realty Income (O) Q2 AFFO Beats Estimates, Revenues Rise Y/Y
ZACKS· 2024-08-06 18:05
Realty Income Corporation's (O) second-quarter 2024 adjusted funds from operations (AFFO) per share of $1.06 outpaced the Zacks Consensus Estimate of $1.05. The reported figure also compared favorably with the prior-year quarter's $1.00 per share. Results display better-than-anticipated top-line growth. The company benefited from expansionary effects and a healthy pipeline of opportunities globally. Although the portfolio occupancy increased sequentially, it declined year over year, affecting the results to ...
Good News For Realty Income, But It's Likely To Be Outperformed By Peers
Seeking Alpha· 2024-08-06 17:00
# ui elinedesignservices I Believe We Have A Common Goal Introduction We live in a world of uncertainty, where change is the only constant, bad news may hide around every corner, and the job market will reshape in the upcoming years with the overwhelming domination of new jobs that don't even exist yet (interesting perspective captured within an old report - do you think they were onto something?). It doesn't matter whether you have a fulfilling career (if you do - well done!) - I can bet that each position ...
Realty Income: Revenue Up, EPS Misses
The Motley Fool· 2024-08-06 10:35
Core Viewpoint - Realty Income reported mixed results for Q2 2024, showcasing strong revenue growth but earnings per share (EPS) falling short of analyst expectations [2][3]. Financial Performance - Revenue for Q2 2024 reached $1.34 billion, exceeding analyst estimates of $1.22 billion, representing a year-over-year increase of 31.4% [3][7]. - EPS was reported at $0.29, missing the expected $0.36, with no change year-over-year [3][7]. - Funds from operations (FFO) grew by 35% to $929 million, while adjusted funds from operations (AFFO) surged by 37% to $921.1 million [3][7]. Dividend and Occupancy - The company increased its dividend by 1.6% year-over-year to $0.777 per share, marking 107 consecutive quarterly increases [6][12]. - Portfolio occupancy improved to 98.8%, up from 98.6% in Q1 2024, though slightly down from 99% in Q2 2023 [8]. Strategic Focus - Realty Income achieved a rent recapture rate of 105.7% and focused on maintaining a strong, diversified real estate portfolio [5][9]. - The company invested $805.8 million in strategic acquisitions at an average cash yield of 7.9%, enhancing its portfolio in the U.S. and Europe [9][10]. Client and Credit Quality - Approximately 39.6% of annualized rental revenue comes from investment-grade clients, indicating strong tenant quality [9]. - However, specific tenants like Rite Aid and Red Lobster present potential credit risks [9]. Future Outlook - Management lowered its full-year 2024 earnings guidance, now expecting net income per share between $1.21 and $1.30 [11]. - The company maintained its per-share FFO and AFFO estimates, with expected AFFO per share ranging from $4.15 to $4.21 for the year [12].
Realty Income(O) - 2024 Q2 - Quarterly Results
2024-08-05 20:07
Exhibit 99.1 REALTY INCOME ANNOUNCES OPERATING RESULTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2024 SAN DIEGO, CALIFORNIA, August 5, 2024....Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company , today announced operating results for the three and six months ended June 30, 2024. All per share amounts presented in this press release are on a diluted per common share basis unless stated otherwise. ® COMPANY HIGHLIGHTS: For the three months ended June 30, 2024: • Net income avai ...
Countdown to Realty Income Corp. (O) Q2 Earnings: Wall Street Forecasts for Key Metrics
ZACKS· 2024-07-31 14:20
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock. Analysts forecast 'Revenue- Other' to reach $51.66 million. The estimate points to a change of +116% from the year-ago quarte ...
Realty Income Corp. (O) Ascends While Market Falls: Some Facts to Note
ZACKS· 2024-07-30 22:51
Realty Income Corp. (O) closed at $58.37 in the latest trading session, marking a +0.27% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.5%. Meanwhile, the Dow experienced a rise of 0.5%, and the technology-dominated Nasdaq saw a decrease of 1.28%. The real estate investment trust's stock has climbed by 11.17% in the past month, exceeding the Finance sector's loss of 2.09% and the S&P 500's gain of 0.1%. Market participants will be closely following the financ ...