earnings
confidence high
sentiment positive
materiality 0.70
Realty Income Q3 net income $219.6M ($0.36 EPS); normalized FFO $0.97 (+9% YoY)
REALTY INCOME CORP
2022-Q3 EPS reported
$1.06
revenue$2,455,031,000
- Net income $219.6M ($0.36 diluted EPS) vs $135.0M ($0.34) in prior year quarter.
- Normalized FFO per share $0.97, up 9.0% YoY; AFFO per share $0.98, up 7.7%.
- Invested $1.87B in 375 properties at 6.1% cash cap rate; $613M in Europe.
- Occupancy 98.9%; rent recapture rate 108.5% on re-leased properties.
- Declared 100th consecutive quarterly dividend increase, 5.1% higher YoY; subsequent $750M note issuance at ~3.93% yield.