Realty Income Q4 Earnings: AFFO Misses Estimates, Revenue Tops Expectations

Realty Income Corp (O) reported a 21.1% year-over-year increase in revenue, reaching $1.08 billion for the quarter ended December 2023, with an EPS of $1.01 compared to $0.36 a year ago. The company surpassed the Zacks Consensus Estimate for revenue but fell slightly short on EPS. Key metrics such as rental and other revenue, as well as net earnings per share, were also analyzed. Despite a -5.9% return on shares over the past month, the stock currently holds a Zacks Rank #3 (Hold), suggesting performance in line with the broader market.