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Jun 30, 2022
Realty Income Q2 2022 Earnings Report
Realty Income's operating results were announced for the three and six months ended June 30, 2022.
Key Takeaways
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.
Net income per share was $0.37.
Normalized FFO per share increased 15.9% to $1.02, compared to the three months ended June 30, 2021.
AFFO per share increased 10.2% to $0.97, compared to the three months ended June 30, 2021.
Invested $1.68 billion in 237 properties and properties under development or expansion, including $693.7 million in Europe.
Forward Guidance
Realty Income provided revised 2022 earnings guidance, with Normalized FFO per share expected to be $3.92 to $4.05 and AFFO per share expected to be $3.84 to $3.97. The company anticipates same-store rent growth of approximately 2.0% and occupancy over 98%. Acquisition volume is projected to be over $6.0 billion.
Positive Outlook
- Normalized FFO per share: $3.92 to $4.05
- AFFO per share: $3.84 to $3.97
- Same store rent growth: ~ 2.0%
- Occupancy: Over 98%
- Acquisition volume: Over $6.0 billion
Historical Earnings Impact
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Avg. Return Before/After Earnings
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