Plus   Neg

Realty Income Corp. Q2 adjusted earnings Beat Estimates

Realty Income Corp. (O) released a profit for second quarter that declined from last year.

The company's bottom line totaled $95.19 million, or $0.31 per share. This compares with $96.38 million, or $0.34 per share, in last year's second quarter.

Excluding items, Realty Income Corp. reported adjusted earnings of $253.94 million or $0.82 per share for the period.

Analysts had expected the company to earn $0.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.1% to $365.45 million from $328.89 million last year.

Realty Income Corp. earnings at a glance:

-Earnings (Q2): $253.94 Mln. vs. $226.99 Mln. last year.
-EPS (Q2): $0.82 vs. $0.80 last year.
-Analysts Estimate: $0.34
-Revenue (Q2): $365.45 Mln vs. $328.89 Mln last year.

Full year EPS guidance: $3.28 to $3.33

For comments and feedback contact: editorial@rttnews.com

Follow RTT