Summary by Moomoo AI
Realty Income Corporation, an S&P 500 company and member of the S&P 500 Dividend Aristocrats index, has released its annual report for 2023. The company, which invests in commercial real estate and operates as a REIT, reported significant activities including the completion of its merger with Spirit Realty Capital, Inc. in an all-stock transaction, and the issuance of senior unsecured notes. Realty Income's portfolio grew to 13,458 properties across the U.S., Puerto Rico, and Europe, with a 98.6% occupancy rate. The company raised $5.5 billion through the sale of common stock via its ATM program and declared monthly dividends, maintaining its history of dividend increases. For 2023, the company reported a net income of $872.3 million and total revenue of $4.08 billion, with an increase in total expenses to $3.19 billion. The report also highlighted the company's liquidity, capital resources, and fair value measurements, along with details on executive compensation, equity issuances, and financial statements.