Financial Data and Key Metrics Changes - Realty Income reported an AFFO per share of $1.05 for Q3 2024, reflecting a 2.9% increase year-over-year [10] - The company raised the low end of its AFFO per share guidance for the year to a range of $4.17 to $4.21 [9] - The investment volume guidance for 2024 was increased to approximately $3.5 billion, supported by strong year-to-date investment activity [8][12] Business Line Data and Key Metrics Changes - In Q3, Realty Income invested $740 million into high-quality opportunities, achieving a blended initial cash yield of 7.4% [10] - The company completed 70 discrete transactions, with four transactions exceeding $50 million, accounting for nearly 60% of the investment volume [12] - Organic acquisition activity totaled $594 million, more than double the volume from the second quarter [13] Market Data and Key Metrics Changes - The company noted significant improvements in both U.S. and European markets, with international markets contributing a greater share of investment volume compared to previous years [11] - In Q3, $378 million was invested in the U.S. at a 7.4% initial cash yield, while $362 million was invested in Europe at a 7.3% initial cash yield [10] Company Strategy and Development Direction - Realty Income aims to diversify its access to equity capital through private markets, targeting institutional investors and expanding its investment opportunities [25][34] - The company is establishing a private capital fund to leverage its strengths and enhance its capital allocation opportunities globally [23][34] - The investment strategy focuses on growth across multiple verticals, including retail, industrial, data centers, and gaming [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strategic vision and opportunities ahead, despite recent market volatility [9] - The company anticipates continued momentum in investment activity, particularly in Europe, where 56% of year-to-date investments have occurred [69] - Management highlighted the importance of maintaining a healthy margin of safety in transactions amid fluctuating capital costs [41] Other Important Information - Realty Income's portfolio consists of over 15,400 properties with a 98.7% occupancy rate, reflecting a 10-basis point decrease from the prior quarter [16][17] - The company sold 92 properties in Q3 for total net proceeds of $249 million, with year-to-date total proceeds reaching $451 million [18] - The company reported a credit watch list decrease to 4.2%, indicating a healthy portfolio despite some challenges [99] Q&A Session Summary Question: Acquisition numbers and market conditions - Management noted that the $740 million in Q3 was at a 7.4% cap rate, which is 50 basis points lower than the previous quarter, but the cost of capital improved by 65 basis points, making the transactions more accretive [38] Question: Fund business and capital raising - The fund will allow access to private capital with less pricing volatility, enabling the company to pursue higher growth opportunities that may not fit the public entity's structure [48] Question: Credit issues and recovery - Management expects to recoup a significant portion of rent impacted by credit issues, with historical recapture rates exceeding 80% [57][60] Question: Future growth and investment opportunities - The company is exploring new territories in Europe and anticipates that acquisition opportunities will continue to outpace those in the U.S. [69] Question: Fund size and investor profile - Management indicated that it is too early to determine the fund's size but emphasized that it will attract a different investor base, primarily institutional investors [102]

In this column, we check back in on one of our favorite real estate investment trusts (or REITs), Realty Income Corporation (NYSE: O ). We were short this space until the fall ofSeeking special situations for outsized returnsGet more with our playbook to significantly grow your wealth by embracing a blended trading and investing approach at our one-stop shop.Beat the price hike, PLUS right now we have a big sale on the current price. Join NOW and you can lock in 75% of savings versus the $1,668 some members ...

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 September 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 o ...

Realty Income Corporation’s (O) third-quarter 2024 adjusted funds from operations (AFFO) per share of $1.05 was in line with the Zacks Consensus Estimate. The reported figure also compared favorably with the prior-year quarter’s $1.02 per share.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results display year-over-year top-line growth. The company benefited from expansionary effects and a healthy pipeline of opportunities globally. However, portfolio occupancy saw a marginal decr ...

Investor Presentation REAL ESTATE PARTNER TO THE WORLD'S LEADING COMPANIES November 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 ...

For the quarter ended September 2024, Realty Income Corp. (O) reported revenue of $1.33 billion, up 28.1% over the same period last year. EPS came in at $1.05, compared to $0.33 in the year-ago quarter.The reported revenue represents a surprise of -0.91% over the Zacks Consensus Estimate of $1.34 billion. With the consensus EPS estimate being $1.05, the company has not delivered EPS surprise.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they comp ...

Realty Income Corp. (O) came out with quarterly funds from operations (FFO) of $1.05 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $1.02 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this real estate investment trust would post FFO of $1.05 per share when it actually produced FFO of $1.06, delivering a surprise of 0.95%.Over the last four quarters, the company has surpassed consensus FFO estimates just once.Realty ...

Exhibit 99.1 REALTY INCOME ANNOUNCES OPERATING RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 SAN DIEGO, CALIFORNIA, November 4, 2024....Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company , today announced operating results for the three and nine months ended September 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 September 30, 2024 ...

SAN DIEGO, Nov. 4, 2024 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced operating results for the three and nine months ended September 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 September 30, 2024: Net income available to common stockholders was $261.8 million, or $0.30 per share AFFO available to common shareho ...

These stocks hold potential to act as growth and income plays.Dividends have played an integral role in many S&P 500 companies. The payouts serve as a stabilizing force in such stocks, and some continue to hold considerable growth potential.Admittedly, many of the S&P's top dividend stocks have set new all-time highs recently. Nonetheless, investors can still find dividend payers worth buying -- stocks that have struggled of late but show signs of resilience. Not only can they offer shareholders cash payout ...