If you like to buy stocks when the market is selling them, then you'll love Realty Income, Rexford Industrial, and Public Storage. Rising interest rates have hit real estate investment trusts (REITs) particularly hard. Other income alternatives are now more competitive, drawing dollars out of the sector. And higher rates lead to higher costs for REITs. Wall Street has punished a lot of REITs, perhaps for good reason, but that has resulted in a few well-run companies ending up with historically attractive yi ...

Dragon Claws Realty Income Corporation (NYSE:O) beat estimates with regards to FFO and sales for its 1Q24 yesterday and the retail real estate investment trust once more underlined its key value proposition for passive income investors: Realty Income remained a very high margin of dividend safety, particularly because the trust benefited from a QoQ improvement in its pay-out ratio. Realty Income’s portfolio metrics also continue to look very robust with the commercial real estate investment trust posting hi ...

Realty Income focused on making international acquisitions during the first quarter. Diversification has been a key focus of Realty Income (O -0.78%) in recent years. The real estate investment trust (REIT) has been broadening its portfolio beyond its core retail focus to include industrial, gaming, data centers, and other properties. It has also expanded its geographic reach beyond the U.S. by moving deeper into Europe. That diversification strategy is paying dividends. It enables the REIT to find compelli ...

财务数据和关键指标变化 - 公司在第一季度投资了5.98亿美元,初始加权平均现金收益率为7.8% [10] - 公司在欧洲和英国的投资占总投资的一半以上,达3.23亿美元,初始加权平均现金收益率为8.2% [10] - 公司在美国的投资较为温和,为2.75亿美元,初始加权平均现金收益率为7.3% [10] 各条业务线数据和关键指标变化 - 公司的投资组合在所有关键运营指标上保持稳健,第一季度末的出租率为98.6% [12] - 公司在第一季度续租或重新租赁了198份租约,租金回收率为104.3% [12] - 公司信用观察名单上的租户占总租金的5.2%,与历史平均水平一致,没有任何单一客户占总租金的1%以上 [13] 各个市场数据和关键指标变化 - 公司在欧洲和英国的投资占总投资的一半以上,达3.23亿美元,初始加权平均现金收益率为8.2% [10] - 公司在美国的投资较为温和,为2.75亿美元,初始加权平均现金收益率为7.3% [10] - 公司认为欧洲市场的交易机会更好,因为数据更加一致,卖家更愿意进行交易 [40] 公司战略和发展方向及行业竞争 - 公司的业务模式具有多样性,可以在不同地区和不同类型的房地产产品中寻找较高的风险调整后收益 [9] - 公司的资产管理和房地产运营团队是行业中最优秀的,过去已经解决了6,000多份租约到期,租金回收率达102.5% [22] - 公司正在更积极主动地管理投资组合,利用预测分析平台来指导收购和处置决策 [23][24][25] 管理层对经营环境和未来前景的评论 - 公司认为交易市场仍然不稳定,许多潜在的房地产卖家仍然观望,但预计下半年交易机会将增加 [19][20] - 公司预计2024年的AFFO每股增长约4.3%,加上约6%的股息收益率,总体投资回报率约10% [8] - 公司认为其平台提供了一些最具吸引力的投资机会之一 [36] 问答环节重要的提问和回答 问题1 **Nate Crossett提问** 询问公司当前的投资管线以及欧洲市场的投资情况 [39] **Sumit Roy回答** - 美国市场交易活动受到利率环境不确定性的影响,卖家观望,但预计下半年会好转 [40][41] - 欧洲市场数据更加一致,卖家更愿意进行交易,公司能获得较高的风险调整收益 [40] 问题2 **Greg McGinniss提问** 询问公司主动处置资产计划的详情 [52] **Sumit Roy回答** - 公司计划今年处置4亿美元至5亿美元的资产,一半为空置资产,一半为在用资产 [53][54][55][56][57] - 处置的目的是优化投资组合,剔除不符合长期战略的资产 [60][61][62] 问题3 **Sumit Roy回答** - 公司的信用投资平台旨在加强与现有客户的关系,为他们提供资本支持,同时也是对公司自身负债再融资风险的一种自然对冲 [125][126][127][133][134][135][136]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024, or ☐ Transition report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 1-13374 REALTY INCOME CORPORATION (Exact name of registrant as specified in its charter) Maryland 33-0580106 (State or Other Jurisdiction of Incorporation or Or ...

Realty Income Corporation’s (O) first-quarter 2024 adjusted funds from operations (AFFO) per share of $1.03 was in line with the Zacks Consensus Estimate. The reported figure also compared favorably with the prior-year quarter’s 93 cents per share. Results display better-than-anticipated top-line growth. The company benefited from expansionary effects and a healthy pipeline of opportunities globally. Although the portfolio occupancy remained stable sequentially, it declined year over year, affecting the res ...

Realty Income Corp. (O) came out with quarterly funds from operations (FFO) of $1.03 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.98 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this real estate investment trust would post FFO of $1.02 per share when it actually produced FFO of $1.01, delivering a surprise of -0.98%. Over the last four quarters, the company has surpassed consensus FFO estimates two times. Re ...

Realty Income Corp. (O) reported $1.26 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 33.5%. EPS of $1.03 for the same period compares to $0.34 a year ago. The reported revenue represents a surprise of +5.80% over the Zacks Consensus Estimate of $1.19 billion. With the consensus EPS estimate being $1.03, the company has not delivered EPS surprise. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...

Exhibit 99.1 REALTY INCOME ANNOUNCES OPERATING RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2024 SAN DIEGO, CALIFORNIA, May 6, 2024....Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced operating results for the three months ended March 31, 2024. All per share amounts presented in this press release are on a diluted per common share basis unless stated otherwise. “I am pleased with our first quarter results, as we continue to strengthen our role as real estate ...

Realty Income's shares remain down materially from pre-pandemic levels, so there's time to buy this industry giant. Shares of Realty Income (O 0.64%) trade down around 33% from their pre-pandemic highs in early 2020. But nothing material has changed about the business, or at least not in a permanently negative way. If you are trying to find a reliable dividend stock, there is still time to grab Realty Income and its historically attractive 5.7% yield. Here's why you should do that now and not risk being lat ...