Published on 5 May 2024 on Zacks via Yahoo Finance
Realty Income (O) Q1 AFFO Meets Estimates, Occupancy Falls Y/Y
Realty Income Corporation’s O first-quarter 2024 adjusted funds from operations (AFFO) per share of $1.03 was in line with the Zacks Consensus Estimate. The reported figure also compared favorably with the prior-year quarter’s 93 cents per share.
Results display better-than-anticipated top-line growth. The company benefited from expansionary effects and a healthy pipeline of opportunities globally. Although the portfolio occupancy remained stable sequentially, it declined year over year, affecting the results to some extent.