earnings
confidence high
sentiment positive
materiality 0.75
Realty Income raises 2024 AFFO guidance to $4.15-$4.21; investment volume target increased to $3B
REALTY INCOME CORP
- AFFO per share guidance raised to $4.15-$4.21 (midpoint $4.18) from $4.13-$4.21 (midpoint $4.17).
- 2024 investment volume guidance raised to approximately $3.0B from prior ~$2.0B.
- Net income per share guidance low end raised to $1.26 from $1.23; range now $1.26-$1.35.
- CEO attributes improved outlook to strengthening investment environment, especially in Europe.
- Same-store rent growth remains ~1.0% and occupancy >98%, consistent with prior guidance.