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Realty Income
🇺🇸 NYSE:O
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•
Dec 31, 2020

Realty Income Q4 2020 Earnings Report

Realty Income reported mixed results for Q4 2020, with increased revenue but decreased net income per share.

Key Takeaways

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.

Net income per share was $0.33.

AFFO per share was $0.84.

Collected 93.6% of contractual rent.

Invested $1.01 billion in properties and properties under development or expansion, including $467.2 million in properties in the U.K.

Total Revenue
$418M
Previous year: $398M
+5.2%
EPS
$0.84
Previous year: $0.86
-2.3%
Gross Profit
$391M
Previous year: $372M
+5.0%
Cash and Equivalents
$824M
Previous year: $54M
+1426.5%
Total Assets
$20.7B
Previous year: $18.6B
+11.8%

Realty Income

Realty Income

Realty Income Revenue by Segment

Forward Guidance

Realty Income estimates FFO per share for 2021 of $3.26 to $3.34, inclusive of a $0.12 per share loss due to the early redemption of the 3.250% Notes due 2022. They estimate AFFO per share for 2021 of $3.44 to $3.49, an increase of 1.5% to 2.9% over 2020 AFFO per share of $3.39.

Positive Outlook

  • Same store rent growth of 0.5% to 1.0%.
  • Occupancy ~ 98%.
  • Acquisition volume over $3.25 billion.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Realty Income