Realty Income Corporation ( (O) ) has released its Q4 earnings. Here is a breakdown of the information Realty Income Corporation presented to its investors.
Realty Income Corporation, known as ‘The Monthly Dividend Company,’ is a prominent real estate investment trust (REIT) that specializes in owning and managing a diversified portfolio of commercial properties under long-term net lease agreements across the United States and Europe.
In its latest earnings report for the year ending December 31, 2024, Realty Income Corporation reported a net income of $847.9 million, or $0.98 per share, with an adjusted funds from operations (AFFO) per share increase of 4.8% to $4.19. The company invested $3.9 billion in new properties, achieving a rent recapture rate of 105.6% on re-leased properties.
Key financial highlights include a 4.0% increase in AFFO per share to $1.05 for the last quarter, with total revenue reaching $5.27 billion for the year. Realty Income raised $1.8 billion from common stock sales and maintained a strong portfolio occupancy rate of 98.7%. The company also announced a $2.0 billion share repurchase program and continued its streak of dividend increases, marking its 128th increase since listing.
Looking ahead, Realty Income’s management remains optimistic about continued growth and long-term returns, supported by a disciplined capital deployment strategy and a robust investment pipeline. The company anticipates further expansion with an estimated investment volume of approximately $4.0 billion in 2025, maintaining high occupancy rates and steady dividend growth.