Realty Income Posts a Mixed Q2
Realty Income (NYSE: O), one of the sturdier retail real estate investment trusts (REITs) on the market, reported its Q2 of fiscal 2020 results after trading hours on Monday.
The period saw the REIT book revenue of $414.6 million, which was 13% higher than in the same quarter a year ago. Net income also saw a 13% rise, landing at $107.8 million for the quarter. The company's adjusted funds from operations (AFFO) -- considered the most accurate measure of profitability for REITs, as it excludes items such as depreciation -- increased more steeply, advancing 16% to $295.2 million, or $0.86 per share.
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Source Fool.com
