October 29, 2015 Comments Off on Realty Income’s Revenue Up 10% in Q3 Views: 377 California News, San Diego

Realty Income’s Revenue Up 10% in Q3

Realty Income, the San Diego-based owner of net lease properties around the country, had a very strong third quarter.

Net income during the third quarter hit $60.7 million, a jump from $57.9 million during the same year-ago period. Revenues for Realty Income also saw a bump, increasing 9.8 percent, to $258.9 million. Funds from operations (FFO) were also strong, rising 14 percent, to $162.2 million.

Meanwhile, the company is on a spending spree. Realty Income acquired $1.1 billion in properties year to date, and executives expect that number to hit $1.25 billion by year’s end.

Realty Income owns about 4,400 commercial real estate properties around the country, many of them leased to credit tenants such as Walgreens.

Read More at Realty Income

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