earnings
confidence high
sentiment positive
materiality 0.75
Realty Income Q2 AFFO $1.00/share, raises acquisition guidance to >$7B
REALTY INCOME CORP
2023-Q2 EPS reported
$0.63
revenue$1,963,604,000
- Q2 AFFO per share $1.00 vs $0.97 YoY; Normalized FFO $1.02/share.
- Revenue $1,019M (+26% YoY); net income $195.4M ($0.29 diluted EPS).
- Invested $3.1B in 710 properties at 6.9% initial weighted-average cash yield.
- FY acquisitions guidance raised to over $7B; closed $1.5B EG Group sale-leaseback of 414 stores.
- Issued €1.1B in July 2023 senior unsecured notes; portfolio occupancy 99.0%.