REALTY INCOME CORP
For the period ended Sep 30, 2024. Filed Nov 5, 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.
Sep 30, 2024 · Filed Nov 5, 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 September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| REVENUE | ||||
| Rental (including reimbursable) | $1,271,153 | $1,008,862 | $3,764,050 | $2,929,440 |
| Other | 59,762 | 30,242 | 166,793 | 73,268 |
| Total revenue | 1,330,915 | 1,039,104 | 3,930,843 | 3,002,708 |
| EXPENSES | ||||
| Depreciation and amortization | 602,339 | 495,566 | 1,788,973 | 1,419,321 |
| Interest | 261,261 | 184,121 | 748,806 | 522,110 |
| Property (including reimbursable) | 92,154 | 70,981 | 281,366 | 235,081 |
| General and administrative | 41,869 | 35,525 | 127,781 | 106,521 |
| Provisions for impairment | 96,920 | 16,808 | 282,867 | 59,801 |
| Merger, transaction, and other costs | 8,610 | 2,884 | 105,468 | 4,532 |
| Total expenses | 1,103,153 | 805,885 | 3,335,261 | 2,347,366 |
| Gain on sales of real estate | 50,563 | 7,572 | 92,290 | 19,675 |
| Foreign currency and derivative (loss) gain, net | (1,672) | (2,813) | 2,885 | 4,957 |
| Equity in earnings of unconsolidated entities | 5,087 | — | 5,440 | 411 |
| Other income, net | 4,739 | 7,235 | 16,293 | 12,985 |
| Income before income taxes | 286,479 | 245,213 | 712,490 | 693,370 |
| Income taxes | (15,355) | (11,336) | (46,499) | (36,218) |
| Net income | 271,124 | 233,877 | 665,991 | 657,152 |
| Net income attributable to noncontrolling interests | (1,639) | (404) | (4,831) | (3,248) |
| Net income attributable to the Company | 269,485 | 233,473 | 661,160 | 653,904 |
| Preferred stock dividends | (2,588) | — | (7,763) | — |
| Excess of redemption value over carrying value of preferred shares redeemed | (5,116) | — | (5,116) | — |
| Net income available to common stockholders | $261,781 | $233,473 | $648,281 | $653,904 |
| Amounts available to common stockholders per common share: | ||||
| Net income, basic and diluted | $0.30 | $0.33 | $0.75 | $0.96 |
| Weighted average common shares outstanding: | ||||
| Basic | 870,665 | 709,165 | 858,679 | 681,419 |
| Diluted | 872,052 | 709,543 | 859,462 | 682,129 |
| Net income available to common stockholders | $261,781 | $233,473 | $648,281 | $653,904 |
| Total other comprehensive income (loss) | ||||
| Foreign currency translation adjustment | 74,615 | (61,401) | 59,797 | (3,605) |
| Unrealized (loss) gain on derivatives, net | (46,474) | 7,193 | (30,228) | (1,379) |
| Total other comprehensive income (loss) | $28,141 | $(54,208) | $29,569 | $(4,984) |
| Comprehensive income available to common stockholders | $289,922 | $179,265 | $677,850 | $648,920 |
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