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Occupancy Rate

All articles tagged with #occupancy rate

business2 years ago

Realty Income Shines with Impressive Q3 Earnings (NYSE:O)

Realty Income Corporation, a popular real estate investment trust (REIT), reported strong Q3 earnings, exceeding expectations. The company's revenue reached $1.04 billion, beating estimates, and net income was $233 million. Same-store rental revenue was $716.0 million, slightly lower due to a minor decline in occupancy. Realty Income also made a significant acquisition by acquiring Spirit Realty Capital. The company adjusted its guidance for 2023, with normalized funds from operations per share expected to be $4.08-$4.15. Despite challenges in the real estate space, Realty Income's Q3 performance was considered strong.

via Seeking Alpha|
#acquisitions#business#occupancy-rate
business2 years ago

Realty Income's Q3 Earnings Exceed Expectations, Boosted by Acquisitions

Realty Income, a net-lease REIT, reported Q3 earnings and revenue that exceeded Wall Street estimates. The company raised its 2023 earnings guidance and increased its acquisition volume expectations for the year. It also maintained its occupancy rate outlook. Realty Income invested $2.0 billion in real estate during the quarter and achieved same-store rental revenue growth of 2.2%. The company recently entered a restructuring agreement with Cineworld for 35 properties it owns.

via Seeking Alpha|
#acquisitions#business#guidance
finance2 years ago

Carnival's Stock Fluctuates Amidst Mixed Earnings and Outlook.

Carnival Corp reported Q1 FY23 sales of $4.43 billion, beating the consensus of $4.33 billion, with revenue growing 95% from 2019 levels and jumping 173% from the prior year. The company expects FY23 adjusted EBITDA of $3.9 billion - $4.1 billion and an occupancy rate of 100% or higher. Despite the positive results, Carnival shares are trading lower by 0.54% at $9.17.

via Yahoo Finance|
#adjusted-ebitda#carnival-corp#finance