HighGravityDataRealty Income — Feb 24, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000726728-25-000049
Showing in the filing
G&A expenses inclusive of stock-based compensation expense (% of rental revenue, excluding reimbursements)
“approximately 3.4% - 3.7%”
Period
FY2025
Measure
GAAP-tied
Source
Prose
All guidance in this release · 14
Share repurchase program authorization for FY2028
“up to $2.0 billion in shares”
Monthly dividend for FY2025
“$0.268”
Share repurchase program
“up to $2.0 billion in shares of our common stock”
Net income per share (1) for FY2025
“$1.52 - $1.58”
Real estate depreciation per share for FY2025
“$2.68”
Other adjustments per share (2) for FY2025
“$0.02”
AFFO per share (3) for FY2025
“$4.22 - $4.28”
Same store rent growth for FY2025
“Approx 1.0%”
Occupancy for FY2025
“Over 98%”
Cash G&A expenses (% of revenues) (4)(5) for FY2025
“Approx 3.0%”
Property expenses (non-reimbursable) (% of r… for FY2025
“1.4% - 1.7%”
Income tax expenses for FY2025
“$80 - $90 million”
Investment volume for FY2025
“Approx $4.0 billion”
G&A expenses inclusive of stock-based compen… for FY2025
“approximately 3.4% - 3.7%”
Exhibit 99.1 · the passage around this item
… earlier in the release
(4) Revenue excludes contractually obligated reimbursements by our clients. Cash G&A expenses exclude stock-based compensation expense. (5) 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 2025. - 5 - Conference Call Information In conjunction with the release of our operating results, we will host a conference call on February 25, 2025 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 4880545. The telephone replay will be available through March 4, 2025. 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 months and year ended December 31, 2024 is available on our corporate website at www.realtyincome.com/investors/quarterly-and-annual-results. The Sustainability Report for the
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.