Summary by Moomoo AI
Realty Income, an S&P 500 company and member of the S&P 500 Dividend Aristocrats index, has released its annual financial report for the year ended December 31, 2023. The company reported a total revenue of $4.08 billion, an increase from the previous year's $3.34 billion. This growth was driven by a rise in rental revenue, both excluding and including reimbursable amounts, and other revenue, which includes interest income on financing receivables. The company's net income for the year stood at $872.3 million, with interest expenses amounting to $730.4 million. Realty Income's property portfolio was 98.6% leased, with 193 properties available for lease. The company also highlighted its continued history of paying monthly dividends, with an increase in the dividend five times during 2023 and once in...Show More