Reports Q4 revenue $1.076B, consensus $1.02B. “Our 2023 results demonstrate our expertise in selectively deploying capital into high quality opportunities that support our long-term earnings and dividend growth potential,” continued Roy. “In 2023, Realty Income completed a record year of investment volume, with approximately $9.5B closed at a cash yield of 7.1%. In the Q4, we invested approximately $2.7B at a cash yield of 7.6% as we continued our expansion into Europe, entering three new countries through a large portfolio sale-leaseback transaction with leading global sporting goods retailer Decathlon. In addition, we made our first investment in the data center space through a JV partnership with Digital Realty to develop two build-to-suit hyperscale facilities pre-leased to a S&P 100, investment grade rated client.”
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