Realty Income Corp. Q1 Profit Declines - Quick Facts

(RTTNews) - Realty Income Corporation (O) reported that its first-quarter net income to stockholders decreased to $47.18 million or $0.23 per share, from $62.73 million or $0.36 per share, last year. Revenue increased 26.3% to $221.6 million from $175.5 million. Analysts expected revenue of $211.46 million for the quarter. Same store rents increased 1.5%.

FFO available to stockholders was $134.5 million or $0.65 per share. AFFO available to stockholders was $132.7 million or $0.64 per share.

On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.63 for the quarter. Analysts' estimates typically exclude special items.

The company expects its 2014 FFO per share in the range of $2.53 to $2.58. AFFO per share for 2014 is expected to be between $2.53 to $2.58. Analysts expect the company to report 2014 profit per share of $2.57.