Realty Income Corp reports results for the quarter ended June 30 - Earnings Summary

• Realty Income Corp O.N reported quarterly adjusted earnings of 22 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of nine analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 26 cents to 40 cents per share.

• Revenue rose 5.3% to $1.41 billion from a year ago; analysts expected $1.34 billion.

• Realty Income Corp's reported EPS for the quarter was 22 cents​.

• The company reported quarterly net income of $196.92 million.

• Realty Income Corp shares had fallen by 0.7% this quarter and gained 7.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 18 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is "buy."

• Wall Street's median 12-month price target for Realty Income Corp is $61.00, about 6.7% above its last closing price of $56.91

This summary was machine generated from LSEG data August 7 at 01:18 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)