Realty Income Corp. (O) announced that its third-quarter net income available to common stockholders was $27.1 million, compared to $28.6 million for the same quarter in 2008. Net income per share for the quarter was $0.26 as compared to $0.29 for the same quarter in 2008.
FFO for the quarter increased 5.5% to $48.2 million, compared to $45.7 million for the same quarter in 2008. FFO per share for the quarter increased 2.2% to $0.47 as compared to $0.46 for the same quarter in 2008.
Realty Income's revenue, for the quarter was $82.0 million as compared to $82.2 million for the same quarter in 2008.
For 2009, the company now expects FFO per share to be in the range of $1.83 to $1.84. while reporting the second-quarter result, the company had expected funds from operations per share to be in the range of $1.83 - $1.86.
The company estimates that FFO per share for 2010 should range from $1.86 to $1.92, which represents annual FFO per share growth of approximately 1.1% to 4.9%, as compared to an estimated 2009 FFO per share range of $1.83 to $1.84. FFO for 2010 is based on an estimated net income per share range of $0.99 to $1.05, adjusted for estimated real estate depreciation of $0.92 and potential gain on sales of investment properties of $0.05 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.