Realty Income Q2 2022 Earnings Report
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.
Realty Income
Realty Income
Realty Income Revenue by Segment
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income