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

Realty Income

05/08/2024 22:51

* Realty Income Corp  O.N  reported quarterly adjusted
earnings of
29 cents​​ per share for the quarter ended in June, identical to
the same quarter last year.  The mean expectation of
seven analysts for the quarter was for earnings of 36 cents per
share. Wall Street expected results to range from 28 cents to 40
cents per share.
    * Revenue rose 31.4% to $1.34 billion from a year ago;
analysts
expected $1.25 billion. 
    * Realty Income Corp's reported EPS for the quarter was 29
cents​.
    * The company reported quarterly net income of $256.8
million.
    * Realty Income Corp shares had risen by 12.3% this
quarter and
gained 3.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 12
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for Realty Income
Corp is $59.00 
This summary was machine generated from LSEG data August 5 at
09:51 p.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
 Jun. 30 2024      1.05           1.07           Beat
 Mar. 31 2024      1.04           1.05           Beat
 Dec. 31 2023      1.04           1.00           Missed
 Sep. 30 2023      1.02           1.04           Beat