Realty Income Corp. Reports 14% Advance In Q2 Profit

(RTTNews) - Realty Income Corp. (O) revealed earnings for its second quarter that gained ground from last year.

The company said its bottom line climbed to $180.88 million, or $0.71 per share. This was higher than $159.06 million, or $0.68 per share, in last year's second quarter.

Analysts had expected the company to earn $0.72 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.8% to $271.04 million. This was up from $253.86 million last year.

Realty Income Corp. earnings at a glance:

-Earnings (Q2): $180.88 Mln. vs. $159.06 Mln. last year. -Earnings Growth (Y-o-Y): 13.7% -EPS (Q2): $0.71 vs. $0.68 last year. -EPS Growth (Y-o-Y): 4.4% -Analysts Estimate: $0.72 -Revenue (Q2): $271.04 Mln vs. $253.86 Mln last year. -Revenue Change (Y-o-Y): 6.8%

-Guidance: Full year EPS guidance: $2.85 - $2.90