Realty Income (O) Revenue — Quarter Ended Mar 31, 2024
Revenue rose in the first quarter, continuing the upward trend from recent periods. The growth reflects ongoing expansion in real estate investments and leasing activities.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue rose in the first quarter, continuing the upward trend from recent periods. The growth reflects ongoing expansion in real estate investments and leasing activities.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.3B
Revenue reported for this quarter.
Quarter-over-quarter
+17.1%
Change from the immediately preceding quarter.
Year-over-year
+33.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $1B | +25.8% |
| Sep 30, 2023 | $1B | +24.1% |
| Dec 31, 2023 | $1.1B | +21.1% |
| Mar 31, 2024 | $1.3B | +33.5% |
Revenue performance
The company reported higher revenue compared to both the prior quarter and the same period last year, driven by an increase in real estate holdings.
Quarterly comparison
Sequentially, revenue improved from the fourth quarter of the prior year, and on an annual basis, revenue showed strong growth over the same quarter one year earlier.
What to watch
Monitor the company's ability to sustain its acquisition pace and occupancy rates amid competitive market conditions.