Summary by Moomoo AI
Realty Income, a real estate investment trust known as 'The Monthly Dividend Company', reported its financial results for the first quarter ended March 31, 2024. The company saw a significant increase in rental revenue, reaching $1.135 billion, up from $865.7 million in the same period last year. This growth was attributed to the acquisition of 3,409 properties during 2024 and 2023, contributing an additional $265.7 million in rental revenue. The company's portfolio was 98.6% leased, with 217 properties available for lease or sale. Realty Income also declared a dividend of $0.2570 per share to be paid in May 2024, continuing its 55-year history of monthly dividends. During the quarter, the company invested $0.6 billion in 153 properties and properties under development or expansion, and raised $550.1 million through the sale of common stock. The...Show More