More on Realty Income results


Adjusted FFO of $132.7M up 27.6% from a year ago (ARCT purchase). Adjusted FFO per share of $0.64 up 6.7%. Revenue of $221.6M up 26.3%.

Portfolio of 4,208 properties in 49 states and Puerto Rico, leased to 211 commercial tenants in 47 industries. Average remaining lease term of about 10.8 years.

Occupancy of 98.3% vs. 97.7% one year ago. Same store rents up 1.5% Y/Y.

$656.7M invested in 337 new properties in Q1. 11 properties sold for $12.7M, with gain on sale of $3.9M. $1.29B of $1.5B credit facility available.

The Monthly Dividend Company (Oup 1.2% premarket

Previously: Realty Income AFFO in-line, beats on revenue

Comments (2)
  • Nova163
    , contributor
    Comments (6) | Send Message
     
    I don't get why O is down on those results at all. They look solid to me at least.
    1 May 2014, 03:52 PM Reply Like
  • enthusiasticinvestor
    , contributor
    Comments (106) | Send Message
     
    I don't mind. More buying opportunities for us!
    1 May 2014, 04:23 PM Reply Like
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