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Operating Results For Second Quarter And Six Months Announced By Realty Income

Stock quotes in this article: O 

Realty Income Corporation (Realty Income), The Monthly Dividend Company® (NYSE:O), today announced operating results for the second quarter and six months ended June 30, 2012. Access to this document is available at www.realtyincome.com. All per share amounts presented in this press release are on a diluted per common share basis unless stated otherwise.

COMPANY HIGHLIGHTS:

For the quarter ended June 30, 2012 (as compared to the same quarterly period in 2011):

  • Revenue increased 13.8% to $115.6 million
  • FFO available to common stockholders increased 7.1% to $65.2 million
  • AFFO available to common stockholders increased 6.6% to $66.5 million
  • FFO per share increased 2.1% to $0.49
  • AFFO per share increased 2.0% to $0.50
  • Net income available to common stockholders per share was $0.25
  • Portfolio occupancy was 97.3%
  • Entered into a new $1.0 billion unsecured acquisition credit facility
  • Invested $210.8 million in 145 new properties and properties under development
  • Dividends paid per common share increased 0.9% year-to-date
  • The monthly dividend was increased for the 59 th consecutive quarter to an annualized amount of $1.7535 per share

Financial Results

Revenue

Revenue, for the quarter ended June 30, 2012, increased 13.8% to $115.6 million as compared to $101.6 million for the same quarter in 2011. Revenue, for the six months ended June 30, 2012, increased 15.9% to $229.9 million as compared to $198.3 million for the same period in 2011.

Net Income Available to Common Stockholders

Net income available to common stockholders, for the quarter ended June 30, 2012, was $33.0 million as compared to $33.2 million for the same quarter in 2011. Net income per share, for the quarter ended June 30, 2012, was $0.25 as compared to $0.26 for the same quarter in 2011.

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