O Earnings Prediction
The chart below shows how O performed 10 days before and after its earnings report, based on data from the past quarters. Typically, O sees a -0.86% change in stock price 10 days leading up to the earnings, and a +0.19% change 10 days following the report. On the earnings day itself, the stock moves by -0.39%. This data can give you a slight idea of what to expect for the next quarter's release.
O Key Earning Data
O Earnings Analysis
Positive
AFFO Per Share Growth: Realty Income achieved AFFO per share growth of 4.8%, marking the 14th consecutive year of growth.
Operational Return Analysis: The company delivered a total operational return of 10.2% for the year, combining a 5.4% dividend yield with AFFO growth.
Consistent Operational Returns: Over 30 years, Realty Income has averaged an annual total operational return of approximately 11%, with no negative returns in any year.
Realty Income Investment Yield: In 2024, Realty Income invested $3.9 billion at a 7.4% weighted average initial cash yield, exceeding historical averages.
AFFO Per Share Growth: The fourth quarter saw AFFO per share of $1.05, representing a 4% growth.
Acquisition Activity Highlights: Realty Income completed 73 discrete transactions in the fourth quarter, showcasing the depth of its acquisition platform.
Portfolio Occupancy Rate Stability: The company maintained a portfolio occupancy rate of 98.7%, consistent with the previous quarter.
Rent Recapture Success: Realty Income achieved a rent recapture rate of 107.4% on 266 lease renewals, generating approximately $52 million in new annualized cash rent.
Property Sales and Proceeds: In 2024, Realty Income sold 80 properties for total net proceeds of $138 million, supporting an active capital recycling program.
Future Investment Forecast: The company forecasts approximately $4 billion in investment volume for 2025, indicating confidence in future growth.
Sale Leaseback Transaction: Realty Income closed a $770 million sale leaseback transaction with 7-Eleven, highlighting strong client relationships.
Dividend Aristocrat Status: The company remains one of 66 S&P 500 Dividend Aristocrats, having increased its dividend for 30 consecutive years.
Dividend Increase Commitment: Realty Income's recent dividend increase of 1.5% reflects its commitment to returning value to shareholders.
Strong Liquidity Position: The company has $3.7 billion in liquidity, including $445 million in cash, positioning it well for future investments.
Negative
Rent Loss Impact on AFFO: The company anticipates a potential rent loss of 75 basis points, which could negatively impact AFFO by $0.4 this year.
Tenant Move Impact: The forecast for 2025 includes a provision for the move out of a large office tenant, which may further affect financial performance.
Lease Termination Fees Impact: In 2024, Realty Income recognized $21 million in non-recurring lease termination fees, which are not expected to repeat in 2025, indicating a potential decline in AFFO.
Property Sales Overview: The company sold 80 properties for total net proceeds of $138 million in the fourth quarter, including $50 million related to vacant properties, which may suggest challenges in maintaining occupancy.
Regional Investment Performance Disparities: The investment in properties in the U.S. yielded a lower average cash yield of 6.4% compared to the European investments at 8.2%, indicating potential regional performance disparities.
O FAQs
How does O typically perform around its earnings report dates?
O's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a -0.86% change leading up to the report and a +0.19% change in the 10 days following the release.
Is Realty Income Corp (O) Q4 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
O Earning Call Sentiment
Realty Income Corporation (O) Q4 2024 Earnings Call Transcript
O.N
-3.35%
