Realty Income Corp reports results for the quarter ended in January 1 - Earnings Summary

Realty Income

05/11/2024 07:59

* Realty Income Corp  O.N  reported quarterly adjusted
earnings of
30 cents​​ per share for the quarter ended January 1, lower than
the same quarter last year, when the company reported EPS of 33
cents.  The mean expectation of nine analysts for the quarter
was for earnings of 36 cents per share. Wall Street expected
results to range from 28 cents to 50 cents per share.
    * Revenue rose 28.1% to $1.33 billion from a year ago;
analysts
expected $1.28 billion. 
    * Realty Income Corp's reported EPS for the quarter was 30
cents​.
    * The company reported quarterly net income of $261.78
million.
    * Realty Income Corp shares had fallen by 6.5% this
quarter and
gained 3.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 14
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "hold"

Wall Street's median 12-month price target for Realty Income
Corp is 64.00 
This summary was machine generated from LSEG data November 5 at
07:59 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      1.07           1.07           Met
 Jun. 30 2024      1.05           1.07           Beat
 Mar. 31 2024      1.04           1.05           Beat
 Dec. 31 2023      1.04           1.00           Missed