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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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