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10-QPeriod: Q3 FY2011

REALTY INCOME CORP Quarterly Report for Q3 Ended Sep 30, 2011

Filed October 28, 2011For Securities:O

Summary

Realty Income Corporation (O) reported its third-quarter 2011 results, demonstrating continued stability in its retail-focused real estate portfolio. The company maintained a strong occupancy rate and generated consistent rental income, reflecting the defensive nature of its business model. The report highlights effective management of its property portfolio and a disciplined approach to capital allocation, which are key strengths for investors seeking reliable income streams. While the broader economic environment presented some challenges, Realty Income's diversified tenant base and long-term lease structures provided a solid foundation for its performance during the period.

Financial Statements
Beta
Revenue$107.30M
Operating Income$108.52M
Interest Expense$28.55M
Net Income$40.78M
EPS (Basic)$0.27
EPS (Diluted)$0.27
Shares Outstanding (Basic)126.38M
Shares Outstanding (Diluted)126.58M

Key Highlights

  • 1Maintained high occupancy rates across the property portfolio, indicating strong demand for its leased spaces.
  • 2Generated consistent rental revenue, driven by the company's focus on single-tenant net lease properties with creditworthy tenants.
  • 3Demonstrated effective management of operating expenses, contributing to stable profitability.
  • 4Continued to execute on its acquisition strategy, albeit selectively, adding to its diversified portfolio.
  • 5Reported stable cash flows from operations, supporting regular dividend payments to shareholders.
  • 6Provided clear disclosures on Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO), key metrics for REIT performance.

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