Realty Income Q4 Earnings: AFFO Misses Estimates, Revenue Tops Expectations
Originally Published 1 year ago — by Seeking Alpha
Realty Income Corporation reported strong Q4 earnings, exceeding revenue expectations with $1.08 billion in revenue and net income of $218 million. The company's adjusted funds from operations (AFFO) of $1.01 per share was slightly below expectations, but the guidance for same-store rent growth and acquisition volume for 2024 looks promising. Despite a slight AFFO miss, the company's strong performance and future outlook suggest a bright future, making Realty Income Corporation shares a buy for long-term investment, especially for income-seeking investors.