Realty Income Q3 Revenue Rises 10.3%; AFFO Guidance Raised on 98.8% Occupancy
San Diego — Net-lease real estate investment trust Realty Income reported third-quarter results on Nov. 2: revenue was $1.6216 billion, up 10.3% from a year earlier; net income available to common stockholders was $403.9 million, or $0.43 per share; and adjusted funds from operations (AFFO) were $1.12 per share, up 3.7%.
The company invested $2.57 billion during the quarter ($2.23 billion at its share) at an initial weighted average cash yield of 6.8%. Its portfolio ended the quarter with 15,536 properties, 1,842 clients across 96 industries, occupancy of 98.8% and a weighted average remaining lease term of about 8.5 years.
Realty Income raised its full-year AFFO guidance to $4.45 to $4.46 per share, from $4.44 to $4.45, and reaffirmed its $10 billion investment target for the year, with $7.9 billion completed through Sept. 30.
Known for paying monthly dividends, the company has paid 676 consecutive monthly dividends; in September it announced its 116th consecutive quarterly dividend increase, taking the annualized dividend to $3.258 per share.
Source: Realty Income Corporation
Published by GSM · USA (original Chinese edition)
Photo: 图：美国宾夕法尼亚州一处社区零售中心。G. Edward Johnson，CC BY 4.0，经 Wikimedia Commons。 / Photo: A neighborhood retail center in Penn Hills, Pennsylvania. Photo by G. Edward Johnson, CC BY 4.0, via Wikimedia Commons.
