Realty Income Corp.: Q4 Earnings Snapshot
By AP News
Published - Feb 20, 2024, 04:39 PM ET
Last Updated - Feb 20, 2024, 04:39 PM EST
SAN DIEGO (AP) — SAN DIEGO (AP) — Realty Income Corp. (O) on Tuesday reported a key measure of profitability in its fourth quarter. The results missed Wall Street expectations.
The real estate investment trust, based in San Diego, said it had funds from operations of $731 million, or $1.01 per share, in the period.
The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of $1.02 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
