Realty Income Corp (O) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Realty Income Corp (O) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $0.70 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.72. The company posted revenue of $260.06 million in the period, compared to analysts expectations of $260.62 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.

Realty Income Corp opened for trading at $69.51 and hit $71.01 on the upside on Thursday, eventually ending the session at $70.68, with a gain of 1.86% or 1.2895 points. The heightened volatility saw the trading volume jump to 16,78,658 shares. Company has a market cap of $17,747 M.

In a different news, on Jun 27, 2016, Benjamin N Fox (SVP, Asset & Port. Mgmt.) sold 2,174 shares at $65.79 per share price. According to the SEC, on Jun 15, 2016, Gregory Mclaughlin (director) sold 1,950 shares at $63.87 per share price. On Jun 2, 2016, Cary Wenthur (SVP, Acquisitions) sold 9,000 shares at $60.54 per share price, according to the Form-4 filing with the securities and exchange commission.

Realty Income Corporation is a real estate company. As of December 31 2014 the Company owned 4327 properties with approximately 4257 properties leased and 70 properties available for lease. The Company leased to approximately 234 different commercial tenants doing business in 47 separate industries. The properties are located in 49 states and Puerto Rico with over 70 million square feet of leasable space and with an average leasable space per property of approximately 16350 square feet including approximately 11290 square feet per retail property and approximately 196800 square feet per industrial and distribution property. The Company has approximately 4308 single-tenant properties and 19 multi-tenant properties. The Company has grouped its tenants into 48 activity segments.

Realty Income Corp

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