Realty Income exceeded Q2 FFO estimates with strong rental revenue growth and 98.8% portfolio occupancy.

Realty Income, a real estate investment trust (REIT), surpassed Q2 FFO estimates with strong rental revenue growth, driven by higher rental rates and investments in high-growth properties. The company's total revenue of $1.34B exceeded the consensus estimate, and its 98.8% portfolio occupancy rate increased from the previous quarter. Despite rising property management costs, Realty Income maintains its 2024 adjusted FFO guidance range of $4.19-$4.28 per share.

August 05, 2024
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