Increased Investment Volume Guidance
Realty Income increased its 2024 investment volume guidance to approximately $3.5 billion, supported by strong investment activity year-to-date and a robust pipeline for Q4.
AFFO Per Share Growth
AFFO per share for Q3 was $1.05, representing a 2.9% growth compared to the previous year.
Strong International Investments
Invested $362 million in Europe at a 7.3% initial cash yield, showing meaningful improvements and contributing a greater share of volume relative to prior years.
High Occupancy and Rent Recapture
Finished Q3 with 98.7% occupancy and a rent recapture rate of 105% on 170 renewed leases.
Strong Balance Sheet
Maintained a healthy leverage ratio of 5.4x and a fixed charge coverage ratio of 4.6x, with $5.2 billion of liquidity.