Consensus is for FY24 FFO $4.20. Reaffirms FY24 Same store rent growth view 1.0%; Occupancy over 98%. Sumit Roy, Realty Income’s (O) President and CEO, said, “Supported by improvements in the investment environment and solid operating results, we see a robust pipeline of opportunities. As a result, we’re pleased to increase our 2024 investment volume guidance to approximately $3.5B and raise the low-end of our AFFO per share guidance to a range of $4.17-$4.21 per share, reflecting a 4.8% growth at the mid-point of the range. Looking ahead, Realty Income is pursuing a wide range of growth opportunities, including capital diversification initiatives to further enhance the reach and scale of our proven platform.”
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on O:
- Options Volatility and Implied Earnings Moves Today, November 04, 2024
- Options Volatility and Implied Earnings Moves This Week, November 04 – November 08, 2024
- O Upcoming Earnings Report: What to Expect?
- Realty Income assumed with an Equal Weight at Wells Fargo
- Realty Income price target raised to $64 from $61 at Scotiabank