Realty Income (O) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter was essentially flat compared to the preceding quarter, reflecting a slight decrease. However, it showed a substantial increase compared to the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter was essentially flat compared to the preceding quarter, reflecting a slight decrease. However, it showed a substantial increase compared to the same quarter one year earlier.
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
-0.6%
Change from the immediately preceding quarter.
Year-over-year
+28.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$5B
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 |
|---|---|---|
| Dec 31, 2023 | $1.1B | +21.1% |
| Mar 31, 2024 | $1.3B | +33.5% |
| Jun 30, 2024 | $1.3B | +31.4% |
| Sep 30, 2024 | $1.3B | +28.1% |
Revenue performance
The company's revenue experienced a minor dip from the immediately preceding quarter but maintained a strong year-over-year growth trajectory.
Quarterly comparison
Compared to the prior quarter, revenue edged lower. In contrast, revenue surged relative to the same quarter last year, highlighting robust expansion over the longer term.
What to watch
The slight sequential decline may warrant attention for any emerging trends in future quarters.