HighGravityDataRealty 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
G&A expenses inclusive of stock-based compensation expense as a percentage of rental revenue, excluding reimbursements
“approximately 3.4% - 3.7%”
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
(6) Revenue excludes contractually obligated reimbursements by our clients. Cash G&A expenses exclude stock-based compensation expense. (7) G&A expenses inclusive of stock-based compensation expense as a percentage of rental revenue, excluding reimbursements, is expected to be approximately 3.4% - 3.7% in 2024. (8) Investment volume excludes merger with Spirit, which closed January 23, 2024. - 6 - Conference Call Information In conjunction with the release of our operating results, we will host a conference call on November 5, 2024 at 11:00 a.m. PDT to discuss the operating results. To access the conference call, dial (833) 816-1264 (United States) or (412) 317-5632 (International). When prompted, please ask for the Realty Income conference call. A telephone replay of the conference call can also be accessed by calling (877) 344-7529 (United States) or (412) 317-0088 (International) and entering the conference ID 6281798. The telephone replay will be available through November 12, 2024 . A live webcast will be available in listen-only mode by clicking on the webcast link on the company’s home page at www.realtyincome.com. A replay of the conference call webcast will be available approximately one hour after the conclusion of the live broadcast. No access code is required for this replay. Supplemental Materials and Sustainability Report Supplemental Operating and Financial Data for the three and nine months ended September 30, 2024 is available on our corporate website at www.rea
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.