Realty Income Corp. (O) filed Quarterly Report for the period ended 2009-09-30.
music and photos. Realty Income Corp. has a market cap of $2.43 billion; its shares were traded at around $23.31 with a P/E ratio of 12.7 and P/S ratio of 7.3. The dividend yield of Realty Income Corp. stocks is 7.3%. Realty Income Corp. had an annual average earning growth of 5.9% over the past 10 years. GuruFocus rated Realty Income Corp. the business predictability rank of 4.5-star.
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Net income available to common stockholders was $27.1 million in the third quarter of 2009 versus $28.6 million in the third quarter of 2008, a decrease of $1.5 million. On a diluted per common share basis, net income was $0.26 in the third quarter of 2009, compared to $0.29 in the third quarter of 2008.
Net income available to common stockholders was $77.6 million in the first nine months of 2009 versus $79.3 million in the same period of 2008, a decrease of $1.7 million. On a diluted per common share basis, net income was $0.75 in the first nine months of 2009 compared to $0.79 in the first nine months of 2008.
The gain from the sale of properties during the third quarter of 2009 was $1.8 million, as compared to $5.7 million during the third quarter of 2008. The gain from the sale of properties during the first nine months of 2009 was $4.3 million, as compared to $9.4 million during the first nine months of 2008.
In the third quarter of 2009, our FFO increased by $2.5 million, or 5.5%, to $48.2 million versus $45.7 million in the third quarter of 2008. On a diluted per common share basis, FFO was $0.47 in the third quarter of 2009 compared to $0.46 in the third quarter of 2008, an increase of $0.01, or 2.2%.
In the first nine months of 2009, our FFO increased by $3.6 million, or 2.6%, to $142.1 million versus $138.5 million in the first nine months of 2008. On a diluted per common share basis, FFO was $1.37 in the first nine months of 2009 compared to $1.38 in the first nine months of 2008, a decrease of $0.01, or 0.7%.
We continue our 40-year policy of paying distributions monthly. Monthly distributions per share increased in October 2009 by $0.0003125 to $0.1426875. The increase in October 2009 was our 48th consecutive quarterly increase and the 55th increase in the amount of our dividend since our listing on the New York Stock Exchange, or NYSE, in 1994. In the first nine months of 2009, we paid three monthly cash distributions per share in the amount of $0.14175, three in the amount of $0.1420625 and three in the amount of $0.142375, totaling $1.2785625. In September 2009 and October 2009, we declared distributions of $0.1426875 per share, which were paid in October 2009 and will be paid in November 2009, respectively.
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