earnings
confidence high
sentiment positive
materiality 0.65
Realty Income Q2 AFFO per share rises 6.0% to $1.06; revenue up 31%
REALTY INCOME CORP
2024-Q2 EPS reported
$0.45
revenue$2,599,928,000
- Net income available to common stockholders $256.8M ($0.29 diluted); revenue $1,339.4M, up 31% YoY.
- AFFO per share $1.06 vs $1.00 in Q2 2023, a 6.0% increase; normalized FFO per share $1.07.
- Invested $805.8M at 7.9% initial cash yield; total portfolio of 15,450 properties at 98.8% occupancy.
- Net debt/Annualized Pro Forma Adjusted EBITDAre at 5.3x; annualized contractual rent $4.85B.
- Subsequent event: ATM forward agreements for 8.3M shares unsettled, expected net proceeds ~$447.8M.