Realty Income Earnings Reports

Realty Income delivered stable performance in Q1 2025, with $1.38B in revenue, $249.8M in net income, and continued investment activity yielding strong returns.

Realty Income's total revenue for Q4 2024 was $1.34 billion, reflecting continued growth in rental income. Net income available to common stockholders was $199.6 million, or $0.23 per share. Adjusted Funds from Operations (AFFO) increased to $1.05 per share, marking a 4.0% year-over-year growth. The company invested $1.7 billion in new properties and maintained strong portfolio occupancy at 98.7%.

Realty Income Corporation reported net income available to common stockholders of $261.8 million, or $0.30 per share, and AFFO of $915.6 million, or $1.05 per share. The company invested $740.1 million at an initial weighted average cash yield of 7.4% and increased its 2024 investment volume guidance to approximately $3.5 billion and raised the low-end of its AFFO per share guidance to a range of $4.17 to $4.21 per share.

Realty Income announced its operating results for the three months ended June 30, 2024. The company reported an increase in total revenue compared to the same period last year. Net income available to common stockholders was $256.8 million, or $0.29 per share. Adjusted Funds from Operations (AFFO) per share increased by 6.0% to $1.06 compared to the three months ended June 30, 2023.

Realty Income's Q1 2024 saw a revenue increase but a decrease in net income due to merger costs and property impairments. The company completed significant investment volume, primarily in the U.K. and Europe, and maintained a high occupancy rate in its diversified portfolio.

Realty Income announced operating results for Q4 2023, featuring a net income available to common stockholders of $218.4 million, or $0.30 per share, and AFFO available to common stockholders of $731.0 million, or $1.01 per share. The company invested $2.7 billion at an initial weighted average cash yield of 7.6%, including expansion into new European markets. Subsequent to year end, Realty Income closed on the merger with Spirit Realty Capital, Inc.

Realty Income reported strong Q3 2023 results, including net income of $233.5 million, normalized FFO of $739.0 million, and AFFO of $721.4 million. The company invested $2.0 billion in 289 properties and increased its investment outlook for 2023 to approximately $9.0 billion. Additionally, they raised the bottom end of AFFO per share guidance to an updated range of $3.98 to $4.01.

Realty Income announced its Q2 2023 operating results, with key highlights including a net income of $195.4 million, normalized FFO of $688.3 million, and AFFO of $671.7 million. The company invested $3.1 billion in 710 properties and raised $2.2 billion from the sale of common stock. Realty Income also increased its acquisitions guidance to over $7 billion.

Realty Income announced strong Q1 2023 results, featuring a net income of $225.0 million, or $0.34 per share, and a normalized FFO per share increase of 2.0% to $1.04. The company invested $1.7 billion in 339 properties and updated its 2023 AFFO per share guidance to $3.94 to $4.03.

Realty Income announced operating results for Q4 2022, featuring a net income of $227.3 million, or $0.36 per share, and normalized FFO increasing by 18.0% to $1.05 per share. The company completed the acquisition of Encore Boston Harbor Resort and Casino for $1.7 billion and invested $3.9 billion in 578 properties. Portfolio occupancy remained high at 99.0%.

Realty Income announced operating results for the three months ended September 30, 2022, featuring a net income of $219.6 million, or $0.36 per share, and normalized FFO per share increased 9.0% to $0.97. The company invested $1.87 billion in 375 properties and raised $0.7 billion from the sale of common stock.

Realty Income Corporation reported a strong second quarter in 2022, with net income per share of $0.37 and normalized FFO per share increasing 15.9% to $1.02 compared to the same period in 2021. The company invested $1.68 billion in 237 properties and properties under development or expansion, including $693.7 million in Europe. Realty Income also increased its 2022 acquisitions guidance to over $6 billion.

Realty Income reported strong operating results for the three months ended March 31, 2022, with net income per share of $0.34 and normalized FFO per share increasing by 41.7% to $1.02. The company invested $1.56 billion in 213 properties and properties under development, including $796.4 million in Europe. Realty Income also signed a definitive agreement to acquire the Encore Boston Harbor Resort and Casino for $1.7 billion.

Realty Income announced operating results for the three months and year ended December 31, 2021, featuring a record $2.6 billion invested in high-quality real estate during the fourth quarter and $6.4 billion for the year. Portfolio occupancy ended the year strong at 98.5%.

Realty Income announced positive operating results for Q3 2021. Net income per share increased to $0.34, normalized FFO per share increased to $0.89, and AFFO per share increased to $0.91. The company invested $1.61 billion in 308 properties and completed the merger with VEREIT, Inc.

Realty Income announced operating results for the three months ended June 30, 2021, with net income per share of $0.33 and normalized FFO and AFFO per share of $0.88. The company invested $1.13 billion in 156 properties and properties under development or expansion, including $591.8 million in United Kingdom (U.K.) properties.

Realty Income announced operating results for the first quarter ended March 31, 2021. Net income per share was $0.26 and AFFO per share was $0.86. The company invested $1.03 billion in properties and properties under development or expansion, including $403.0 million in U.K. properties. They completed the early redemption on all $950.0 million in principal amount of outstanding notes due October 2022 and raised $670 million in net proceeds from a common stock public offering.

Realty Income announced operating results for Q4 and year ended December 31, 2020. Net income per share was $0.33 and AFFO per share was $0.84. The company invested $1.01 billion in properties and properties under development or expansion, including $467.2 million in properties in the U.K.

Realty Income announced operating results for Q3 2020, with AFFO per share at $0.81 and 93.1% of contractual rent collected. The company invested $658.6 million in 89 properties, including $230.0 million in the U.K.

Realty Income reported AFFO per share increased 4.9% to $0.86, and collected 86.5% of contractual rent across the total portfolio. Portfolio occupancy was 98.5% with a 101% rent recapture rate on re-leasing activity.

Realty Income reported a strong first quarter of 2020, investing $486 million in property acquisitions and ending the quarter well-positioned with a modest net debt to EBITDAre ratio of 5.0x and a fixed charge coverage ratio of 5.5x. As of May 1st, they had approximately $1.2 billion of cash on hand and $1.1 billion available on their $3.0 billion revolving credit facility. However, the company withdrew its 2020 guidance due to the ongoing uncertainty regarding the impact of the COVID-19 pandemic.

Realty Income announced operating results for Q4 2019, with AFFO per share increasing by 8.9% to $0.86 compared to the same quarter in 2018. The company invested $1.7 billion in 556 properties and properties under development or expansion, including $221.0 million in five properties in the U.K. Realty Income ended 2019 with a portfolio occupancy of 98.6%.