{"id":81881,"date":"2023-11-07T20:24:39","date_gmt":"2023-11-08T01:24:39","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/reit-realty-income-raises-annual-affo-outlook-on-higher-rental-revenue\/"},"modified":"2023-11-07T20:24:42","modified_gmt":"2023-11-08T01:24:42","slug":"reit-realty-income-raises-annual-affo-outlook-on-higher-rental-revenue","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=81881","title":{"rendered":"REIT Realty Income raises annual AFFO outlook on higher rental revenue"},"content":{"rendered":"
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\u00a9 Reuters. <\/span>
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(Reuters) – Realty Income <\/span><\/span> (NYSE:) on Monday raised the lower end of its full-year outlook for adjusted funds from operations (AFFO) as the real estate investment trust (REIT) expects to benefit from higher rental revenue.<\/p>\n

The commercial REIT forecast 2023 per-share AFFO between $3.98 and $4.01, compared with its previous outlook of $3.96 to $4.01.<\/p>\n

The company’s shares were up about 1% at $50.86 after the bell.<\/p>\n

Realty Income, which operates commercial properties, also raised its annual net income outlook to between $1.25 per share and $1.32 per share, compared with its prior estimate of $1.20 to $1.28 per share.<\/p>\n

The company said last week it would buy Spirit Realty Capital (NYSE:) in a $9.3 billion deal to further expand its real estate portfolio.<\/p>\n

Realty Income on Monday reported third-quarter revenue of $1.04 billion, compared with analysts’ estimates of $998 million, according to LSEG data. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. (Reuters) – Realty Income (NYSE:) on Monday raised the lower end of its full-year outlook for adjusted funds from operations (AFFO) as the real estate investment trust (REIT) expects to benefit from higher rental revenue. The commercial REIT forecast 2023 per-share AFFO between $3.98 and $4.01, compared with its previous outlook of $3.96 […]<\/p>\n","protected":false},"author":1,"featured_media":2828,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-81881","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nREIT Realty Income raises annual AFFO outlook on higher rental revenue | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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