Based in San Diego, California, Realty Income Corporation (O) is a prominent real estate investment trust (REIT) specializing in single-tenant, retail, and commercial properties. Known for its dependable monthly dividend payments, Realty Income boasts a market cap of $55.9 billion. The company is known for its strategic acquisition approach, robust portfolio, and long-term lease agreements with high-quality tenants. Realty Income is set to release its fiscal Q3 earnings results after the market closes on Friday, Oct. 4.
Ahead of the event, analysts expect the leading retail REIT to report funds from operations (FFO) of $1.05 per share, up 2.9% from $1.02 per share in the year-ago quarter. In the last four quarters, the company has surpassed or matched Wall Street’s bottom-line estimates in three and missed on another occasion. Realty Income's adjusted FFO of $1.06 per share for the last quarter exceeded the consensus estimate marginally.
