Realty Income — Nov 4, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000726728-24-000127
Showing in the filing
AFFO per share
“$4.17 to $4.21 per share”
Period
FY2024
Measure
GAAP-tied
Source
Prose
All guidance in this release · 14
Investment volume for FY2024
“approximately $3.5 billion”
AFFO per share for FY2024
“$4.17 to $4.21 per share”
AFFO per share growth at the mid-point of th… for FY2024
“4.8% growth”
Net income per share (2) for FY2024
“$1.15 - $1.20”
Real estate depreciation and impairments per… for FY2024
“$2.96”
Other adjustments per share (3) for FY2024
“$0.05”
Normalized FFO per share (2)(4) for FY2024
“$4.16 - $4.21”
Same store rent growth (5) for FY2024
“Approx 1.0%”
Occupancy for FY2024
“Over 98%”
Cash G&A expenses (% of revenues) (6)(7) for FY2024
“Approx 3.0%”
Property expenses (non-reimbursable) (% of r… for FY2024
“1.2% - 1.5%”
Income tax expenses for FY2024
“$65 - $75 million”
Disposition volume for FY2024
“$550 - $600 million”
G&A expenses inclusive of stock-based compen… for FY2024
“approximately 3.4% - 3.7%”
Exhibit 99.1 · the passage around this item
… earlier in the release
“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 $3.5 billion and raise the low-end of our AFFO per share guidance to a range of $4.17 to $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.” Select Financial Results The following summarizes our select financial results (dollars in millions, except per share data). Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Total revenue $ 1,330.9 $ 1,039.1 $ 3,930.8 $ 3,002.7 Net income available to common stockholders (1) (2) $ 261.8 $ 233.5 $ 648.3 $ 653.9 Net income per share $ 0.30 $ 0.33 $ 0.75 $ 0.96 Funds from operations available to common stockholders (FFO) (3) $ 854.9 $ 736.1 $ 2,569.7 $ 2,108.4 FFO per share $ 0.98 $ 1.04 $ 2.99 $ 3.09 Normalized funds from operations available to common stockholders (Normalized FFO) (3) $ 863.5 $ 739.0 $ 2,675.2 $ 2,113.0 Normalized FFO per share $ 0.99 $ 1.04 $ 3.11 $ 3.10 Adjusted funds from operations available to common stockholders (AFFO) (3) $ 915.6 $ 721.4 $ 2,699.5 $ 2,043.8 AFFO per share $ 1.05 $ 1.02 $ 3.14 $ 2.99 (1) The calculation to determine net income attributable to common stockholders in
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.