The company said total revenue for Q4 2023 was $1,076.3 million, and net income available to common stockholders was $218.4 million ($0.30 per share). For the full year, total revenue was $4,079.0 million, and net income was $872.3 million ($1.26 per share).

1. 01

   The company said total revenue for Q4 2023 was $1,076.3 million, and net income available to common stockholders was $218.4 million ($0.30 per share). For the full year, total revenue was $4,079.0 million, and net income was $872.3 million ($1.26 per share).

2. 02

   Realty Income said AFFO for Q4 2023 was $731.0 million ($1.01 per share), and full-year AFFO was $2.8 billion ($4.00 per share). It invested $2.7 billion in Q4 at an initial weighted average cash yield of 7.6%, and $9.5 billion for the full year at 7.1%.

3. 03

   Realty Income said it completed its all-stock merger with Spirit Realty Capital, Inc. on January 23, 2024. In January 2024, it issued $450.0 million of 4.750% senior unsecured notes and $800.0 million of 5.125% notes. The proceeds were used to repay $1.1 billion of senior unsecured notes and mortgages at maturity.

4. 04

   The company gave 2024 guidance that reflects the Spirit merger, with AFFO per share of $4.13 to $4.21, Normalized FFO per share of $4.17 to $4.29, and net income per share of $1.22 to $1.34. It expects acquisition volume, excluding the Spirit merger, of approximately $2.0 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.