by monexa-ai
Realty Income's latest financials reveal robust revenue growth tempered by unique expense shifts. We analyze O stock's dividend sustainability, debt strategy, and strategic positioning.
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Realty Income posted **FY2024 revenue of $5.27B (+29.17%)** while paying **$2.70B** in dividends; free cash flow covers distributions but leverage and net-debt metrics deserve scrutiny.
Realty Income reported **FY‑2024 revenue of $5.27B (+29.12%)** while net income held at **$860.77MM (-1.32%)**; dividend coverage sits nearer mid‑70s on cash metrics, with net debt rising to **$26.31B**.
Realty Income upped 2025 investment and AFFO guidance after a robust Q2: **$5.27B** revenue in 2024 and a **~75% AFFO payout ratio** underpin the monthly dividend amid rate‑cut hopes.
Realty Income raised its monthly dividend to **$0.2695** (annualized **$3.234**) while 2024 revenue climbed +29.17%—but net debt/EBITDA and GAAP earnings trend signal key risks to monitor.