REALTY INCOME CORP
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 6, 2024
O$59.54+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income and Comprehensive Income
(in thousands, except per share amounts) (unaudited)
| Three months ended June 30, | Six months ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| REVENUE | ||||
| Rental (including reimbursable) | $1,284,728 | $995,289 | $2,492,897 | $1,920,578 |
| Other | 54,715 | 23,916 | 107,031 | 43,026 |
| Total revenue | 1,339,443 | 1,019,205 | 2,599,928 | 1,963,604 |
| EXPENSES | ||||
| Depreciation and amortization | 605,570 | 472,278 | 1,186,634 | 923,755 |
| Interest | 246,931 | 183,857 | 487,545 | 337,989 |
| Property (including reimbursable) | 99,851 | 94,703 | 189,212 | 164,100 |
| General and administrative | 45,070 | 36,829 | 85,912 | 70,996 |
| Provisions for impairment | 96,458 | 29,815 | 185,947 | 42,993 |
| Merger and integration-related costs | 2,754 | 341 | 96,858 | 1,648 |
| Total expenses | 1,096,634 | 817,823 | 2,232,108 | 1,541,481 |
| Gain on sales of real estate | 25,153 | 7,824 | 41,727 | 12,103 |
| Foreign currency and derivative gain (loss), net | 511 | (2,552) | 4,557 | 7,770 |
| Equity in earnings of unconsolidated entities | 2,029 | 411 | 353 | 411 |
| Other income, net | 6,108 | 3,020 | 11,554 | 5,750 |
| Income before income taxes | 276,610 | 210,085 | 426,011 | 448,157 |
| Income taxes | (15,642) | (12,932) | (31,144) | (24,882) |
| Net income | 260,968 | 197,153 | 394,867 | 423,275 |
| Net income attributable to noncontrolling interests | (1,577) | (1,738) | (3,192) | (2,844) |
| Net income attributable to the Company | 259,391 | 195,415 | 391,675 | 420,431 |
| Preferred stock dividends | (2,587) | — | (5,175) | — |
| Net income available to common stockholders | $256,804 | $195,415 | $386,500 | $420,431 |
| Amounts available to common stockholders per common share: | ||||
| Net income | ||||
| Basic | $0.30 | $0.29 | $0.45 | $0.63 |
| Diluted | $0.29 | $0.29 | $0.45 | $0.63 |
| Weighted average common shares outstanding: | ||||
| Basic | 870,319 | 674,109 | 852,621 | 667,357 |
| Diluted | 870,725 | 674,593 | 853,011 | 668,108 |
| Net income available to common stockholders | $256,804 | $195,415 | $386,500 | $420,431 |
| Total other comprehensive income | ||||
| Foreign currency translation adjustment | 3,218 | 29,046 | (14,818) | 57,796 |
| Unrealized gain (loss) on derivatives, net | 7,324 | (6,410) | 16,246 | (8,572) |
| Total other comprehensive income | $10,542 | $22,636 | $1,428 | $49,224 |
| Comprehensive income available to common stockholders | $267,346 | $218,051 | $387,928 | $469,655 |
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