Realty Income FFO In Line With Estimates; Lifts FY Guidance

(RTTNews) - Realty Income Corp (O) on Wednesday reported second-quarter funds from operations of $159.5 million or $0.69 per share compared with $142.4 million or $0.64 per share last year.

Excluding items, adjusted FFO for the quarter was $0.68 per share. On average, 16 analysts polled by Thomson Reuters estimated FFO of $0.68 per share for the quarter. Analysts' estimates typically exclude special items.

The company's net earnings were $59.3 million or $0.25 per share compared with $51.4 million or $0.23 per share last year.

Revenues for the quarter were higher at $253.9 million compared with $228.6 million in the prior year. Analysts estimated revenues of $244.3 million.

For the full year 2015, the company now expects FFO of $2.72 to $2.77 per share and adjusted FFO of $2.69 to $2.73 per share. Earlier it expected FFO of $2.67 to $2.72 per share and adjusted FFO of $2.66 to $2.71.

Analysts expect FFO of $2.72 per share for the year.