While a steady performer, Realty Income will have difficulty repeating its past success.
Realty Income reported first-quarter earnings roughly in line with our estimates and prior management guidance. We are maintaining our $53 per share fair value estimate and no-moat rating.The firm continues to benefit from one of the healthiest portfolios and balance sheets in our REIT coverage. Occupancy by square footage ended the quarter at 99%, while same-store rental revenue increased 1.6% for the quarter, year over year, on increased percentage rent and contractual rent bumps. Additionall...
Realty Income is a real estate investment trust. The company invests in commercial real estate. The company owns a portfolio of properties located in various states, Puerto Rico and United Kingdom.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.