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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.