San Diego, California-based Realty Income Corporation (O) acquires and manages freestanding commercial properties that reap rental revenue under long-term net lease agreements. With a market cap of $53.8 billion, Realty Income’s portfolio consists of thousands of commercial properties leased to numerous clients across 90+ industries.
The real estate giant is set to unveil its third-quarter results after the market closes on Monday, Nov. 3. Ahead of the event, analysts expect Realty Income to deliver an adjusted funds from operations (AFFO) of $1.07 per share, up 1.9% from $1.05 per share reported in the year-ago quarter. While the company has missed the Street’s AFFO estimates twice over the past four quarters, it met the projections on two other occasions.
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