Realty Income will announce its fourth-quarter results on February 21 (Tuesday) after the US stock market closes. Analysts expect the company's operating cash flow per share to be $0.99 in the fourth quarter of 2022, up 57.5% year-on-year; revenue was $840.57 million, up 30.7% year-on-year.
The US retail real estate market continued to perform well in the fourth quarter, with both retail asking rents and retail availability rents remaining high, benefiting REITs such as Realty Income.
In the last week of December 2022, Realty Income acquired single-tenant and industrial properties from CIM Real Estate Finance Trust for about $894 million in cash. The deal, which is expected to close in the first quarter of 2023, will be immediately accretive to earnings on a leverage-neutral basis, said company president and chief executive Sumit Roy.