Realty Income Corp. (O, Financial) filed Quarterly Report for the period ended 2010-06-30.
Realty Income Corp. has a market cap of $3.32 billion; its shares were traded at around $31.81 with a P/E ratio of 17.3 and P/S ratio of 10.1. The dividend yield of Realty Income Corp. stocks is 5.4%. Realty Income Corp. had an annual average earning growth of 2.1% over the past 10 years. GuruFocus rated Realty Income Corp. the business predictability rank of 2-star.O is in the portfolios of Manning & Napier Advisors, Inc, Pioneer Investments, Jim Simons of Renaissance Technologies LLC.
We continue our 41-year policy of paying distributions monthly. Monthly distributions per share increased in April 2010 by $0.0003125 to $0.1433125 and in July 2010 by $0.0003125 to $0.143625. The increase in July 2010 was our 51st consecutive quarterly increase, which was the 58th increase in the amount of our dividend since our listing on the New York Stock Exchange, or NYSE, in 1994. In the first six months of 2010, we paid three monthly cash distributions per share in the amount of $0.143 and three in the amount of $0.1433125, totaling $0.8589375. In June 2010 and July 2010, we declared distributions of $0.143625 per share, which were paid in July 2010 and will be paid in August 2010, respectively.
Net income available to common stockholders was $25.0 million in the second quarter of 2010 versus $26.5 million in the second quarter of 2009, a decrease of $1.5 million. On a diluted per common share basis, net income was $0.24 in the second quarter of 2010, compared to $0.26 in the second quarter of 2009.
Net income available to common stockholders was $49.1 million in the first six months of 2010 versus $50.5 million in the same period of 2009, a decrease of $1.4 million. On a diluted per common share basis, net income was $0.47 in the first six months of 2010 compared to $0.49 in the first six months of 2009.
In the second quarter of 2010, our FFO decreased by $389,000, or 0.8%, to $46.8 million versus $47.2 million in the second quarter of 2009. On a diluted per common share basis, FFO was $0.45 in the second quarter of 2010 compared to $0.46 in the second quarter of 2009, a decrease of $0.01, or 2.2%.
In the first six months of 2010, our FFO decreased by $472,000, or 0.5%, to $93.4 million versus $93.9 million in the first six months of 2009. On a diluted per common share basis, FFO was $0.90 in the first six months of 2010 compared to $0.91 in the first six months of 2009, a decrease of $0.01, or 1.1%.
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Realty Income Corp. has a market cap of $3.32 billion; its shares were traded at around $31.81 with a P/E ratio of 17.3 and P/S ratio of 10.1. The dividend yield of Realty Income Corp. stocks is 5.4%. Realty Income Corp. had an annual average earning growth of 2.1% over the past 10 years. GuruFocus rated Realty Income Corp. the business predictability rank of 2-star.O is in the portfolios of Manning & Napier Advisors, Inc, Pioneer Investments, Jim Simons of Renaissance Technologies LLC.
Highlight of Business Operations:
At June 30, 2010, we classified real estate with a carrying amount of $7.8 million as held for sale on our balance sheet, which includes three properties owned by Crest, valued at $3.8 million. Additionally, we anticipate selling investment properties from our portfolio that have not yet been specifically identified, from which we anticipate receiving between $10 million and $35 million in proceeds during the next 12 months. We intend to invest these proceeds into new property acquisitions, if there are attractive opportunities available. However, we cannot guarantee that we will sell properties during the next 12 months or be able to invest the proceeds from the sales of any properties in new properties.We continue our 41-year policy of paying distributions monthly. Monthly distributions per share increased in April 2010 by $0.0003125 to $0.1433125 and in July 2010 by $0.0003125 to $0.143625. The increase in July 2010 was our 51st consecutive quarterly increase, which was the 58th increase in the amount of our dividend since our listing on the New York Stock Exchange, or NYSE, in 1994. In the first six months of 2010, we paid three monthly cash distributions per share in the amount of $0.143 and three in the amount of $0.1433125, totaling $0.8589375. In June 2010 and July 2010, we declared distributions of $0.143625 per share, which were paid in July 2010 and will be paid in August 2010, respectively.
Net income available to common stockholders was $25.0 million in the second quarter of 2010 versus $26.5 million in the second quarter of 2009, a decrease of $1.5 million. On a diluted per common share basis, net income was $0.24 in the second quarter of 2010, compared to $0.26 in the second quarter of 2009.
Net income available to common stockholders was $49.1 million in the first six months of 2010 versus $50.5 million in the same period of 2009, a decrease of $1.4 million. On a diluted per common share basis, net income was $0.47 in the first six months of 2010 compared to $0.49 in the first six months of 2009.
In the second quarter of 2010, our FFO decreased by $389,000, or 0.8%, to $46.8 million versus $47.2 million in the second quarter of 2009. On a diluted per common share basis, FFO was $0.45 in the second quarter of 2010 compared to $0.46 in the second quarter of 2009, a decrease of $0.01, or 2.2%.
In the first six months of 2010, our FFO decreased by $472,000, or 0.5%, to $93.4 million versus $93.9 million in the first six months of 2009. On a diluted per common share basis, FFO was $0.90 in the first six months of 2010 compared to $0.91 in the first six months of 2009, a decrease of $0.01, or 1.1%.
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