- Realty Income‘s normalized FFO per share in 2Q is $1.07, beating the estimate of $1.06.
- Total Funds From Operations (FFO) reported at $929.1 million, surpassing the estimate of $918.6 million.
- Revenue for the quarter reached $1.34 billion, exceeding the projected $1.27 billion.
- Occupancy rate stood at 98.8%, slightly above the estimated 98.7%.
- Forecast for the full year sees normalized FFO per share between $4.19 to $4.28, compared to an estimate of $4.23.
- AFFO per share forecast remains $4.15 to $4.21, with an estimate of $4.18.
- Sumit Roy, President and CEO, noted a 6.0% growth in AFFO per share compared to the same quarter in 2023.
- Roy expressed confidence in the company’s global, diversified platform to deliver favorable risk-adjusted returns.
- Analyst ratings: 8 buys, 13 holds, and 0 sells.
A look at Realty Income Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Realty Income Corporation, a real estate company managing a range of commercial properties in the US, has been assessed using the Smartkarma Smart Scores. With a top-notch 5 in the Dividend category, investors can expect consistent and reliable dividend payments from this company. This high score indicates a strong track record of distributing dividends to its shareholders, making it an attractive option for income investors looking for steady returns.
While Realty Income scores well in Dividend, it also performs strongly in other areas according to the Smart Scores. With solid scores in Value and Momentum, indicating favorable valuation and strong price performance, this signals a positive outlook for the company in the long term. However, investors should be aware of lower scores in Growth and Resilience, suggesting some areas for improvement in future strategies to drive growth and enhance resilience. Overall, Realty Income presents a promising opportunity for investors seeking reliable dividend income and potential for price appreciation.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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