SAN DIEGO, Nov. 1, 2021 /PRNewswire/ -- Realty Income Corporation (O) (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced operating results for the three and nine months ended September 30, 2021. All per share amounts presented in this press release are on a diluted per common share basis unless stated otherwise.
COMPANY HIGHLIGHTS:
For the three months ended September 30, 2021:
Net income per share increased to $0.34, compared to $0.07 for the three months ended September 30, 2020
Normalized FFO per share increased 8.5% to $0.89, compared to the three months ended September 30, 2020
AFFO per share increased 12.3% to $0.91, compared to the three months ended September 30, 2020
Invested $1.61 billion in 308 properties and properties under development or expansion, including $532.5 million in Europe
Net debt to annualized EBITDAre ratio was 5.0x
Net debt to annualized pro forma adjusted EBITDAre was 4.9x
Events subsequent to September 30, 2021:
Completed the merger with VEREIT, Inc. and commenced consent solicitations and offers to exchange outstanding notes issued by VEREIT, Inc. for new notes issued by Realty Income.
Realty Income Announces Operating Results For The Three And Nine Months Ended September 30, 2021
