Reported 2 months ago
Realty Income reported impressive second-quarter results, with a 31% revenue increase to $1.34 billion, driven by acquisitions and diversification into new property sectors. The company's adjusted funds from operations (AFFO) per share rose by 6%, demonstrating strong cash flow to support a safe and increasing dividend, now at $3.156 annually. Despite past struggles with high interest rates affecting property values, a potential Federal Reserve rate cut could reverse trends, stimulating a possible rally in Realty Income's stock.
Source: YAHOO