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Realty Income reports Q4 AFFO $1.00, consensus 98c
The Fly

Realty Income reports Q4 AFFO $1.00, consensus 98c

Reports Q4 revenue $888.7M, consensus $855.77M. "I am proud of our team’s outstanding accomplishments in 2022, culminating in AFFO per share growth of 9.2% and a record year for property-level acquisitions of approximately $9 billion," said Sumit Roy, Realty Income’s President and CEO. "Our investment philosophy is centered around acquiring prime real estate assets in partnership with operators who are leaders in their respective industries. Illustrating this philosophy was the acquisition of our first gaming asset, the Wynn Encore Boston Harbor, which contributed to a record quarter for property-level acquisitions during the fourth quarter of approximately $3.9B. In addition, since the start of the fourth quarter, we have acquired properties in several distinct verticals for future potential growth, including investments in properties related to the consumer-centric medical industry, a debut transaction in Italy, and the formation of a real estate development partnership with a leading vertical farming operator."

Published first on TheFly

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