Realty Income said it owned or held interests in 15,457 properties as of September 30, 2024, with total portfolio annualized contractual rent of $4.93 billion. The occupancy rate was 98.7%.

1. 01

   Realty Income said it owned or held interests in 15,457 properties as of September 30, 2024, with total portfolio annualized contractual rent of $4.93 billion. The occupancy rate was 98.7%.

2. 02

   The company said it invested $0.7 billion at an initial weighted average cash yield of 7.4% in the 3 months ended September 30, 2024, and $2.1 billion at 7.7% in the 9 months.

3. 03

   The company said its liquidity was $5.2 billion as of September 30, 2024, consisting of cash and cash equivalents of $397.0 million, unsettled ATM forward equity of $958.1 million, and $3.8 billion of availability under its credit facility.

4. 04

   The company said the Spirit merger increased depreciation and amortization by $111.2 million and $303.9 million over 3 months and 9 months, respectively. It said interest expense rose by $77.2 million and $226.7 million over the same periods.

Key figures

Quarter ended September 30, 2024

Revenue

$1.3B

Net income

$269M

EPS

$0.30

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.