Realty Income Earnings: Everything You Must Know Now

Realty Income Corp. (NYSE:O) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.23%

Realty Income Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 22.45% to $0.60 in the quarter versus EPS of $0.49 in the year-earlier quarter.

Revenue: Rose 59.37% to $184.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Realty Income Corp. reported adjusted EPS income of $0.6 per share. By that measure, the company beat the mean analyst estimate of $0.59. It missed the average revenue estimate of $184.32 million.

Quoting Management:┬áCommenting on Realty Income’s financial results and real estate operations, Chief Executive Officer, Tom A. Lewis said, “The second quarter of 2013 was another record quarter for us. We are again pleased to report significant increases in all facets of our operations, including continued strength in the performance of our real estate portfolio, with occupancy increasing to 98.2% at the end of the second quarter from 97.7% at the end of the first quarter and acquisition activities continuing at a brisk pace.”

Key Stats (on next page)…

Revenue increased 7.34% from $171.7 million in the previous quarter. EPS decreased 1.64% from $0.61 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.59 to a profit $0.6. For the current year, the average estimate is a profit of $2.38, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)