Realty Income Corporation (O) Q1 2024 Earnings Call Transcript

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Q1: 2024-05-06 Earnings Summary

EPS of $0.16 misses by $0.27
 | Revenue of $1.21B (39.56% Y/Y) beats by $108.09M

Realty Income Corporation (NYSE:O) Q1 2024 Earnings Conference Call May 7, 2024 2:00 PM ET

Company Participants

Steve Bakke - Senior Vice President of Corporate Finance
Sumit Roy - President & Chief Executive Officer
Jonathan Pong - Chief Financial Officer & Treasurer

Conference Call Participants

Nate Crossett - BNP
Greg McGinniss - Scotiabank
Brad Heffern - RBC Capital Markets
Anthony Paolone - JP Morgan
Haendel St. Juste - Mizuho
Nick Joseph - Citi
Wes Golladay - Baird
Harsh Hemnani - Green Street
Linda Tsai - Jefferies

Operator

Good day, and welcome to the Realty Income Q1 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

I would like now to turn the conference over to Mr. Steve Bakke, Senior Vice President of Corporate Finance. Please go ahead.

Steve Bakke

Thank you all for joining us today for Realty Income's first quarter operating results conference call. Discussing our results will be Sumit Roy, President and Chief Executive Officer; and Jonathan Pong, Chief Financial Officer and Treasurer.

During this conference call, we will make statements that may be considered forward-looking statements under federal securities law. The company's actual future results may differ significantly from the matters discussed in any forward-looking statements. You'll disclose in greater detail the factors that may cause such differences in the company's Form 10-Q.

We will be observing a two-question limit during the Q&A portion of the call in order to give everyone the opportunity to participate. If you would like to ask additional questions, you may reenter the queue.

I will now turn the call over to our CEO, Sumit Roy.

Sumit Roy

Thank you, Steve. Welcome, everyone. Our results for the start of 2024 illustrate our

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