Three Months Ended June 30,
|
Six Months Ended June 30,
| |||||||
2021 | 2020 | 2021 | 2020 | |||||
Total revenue
| $ | 464.3 | $ | 414.6 | $ | 907.1 | $ | 829.0 |
Net income available to common stockholders (1)(2)
| $ | 124.5 | $ | 107.8 | $ | 220.4 | $ | 254.7 |
Net income per share
| $ | 0.33 | $ | 0.31 | $ | 0.59 | $ | 0.75 |
Funds from operations available to common stockholders (FFO) (2)(3)
| $ | 314.4 | $ | 288.3 | $ | 582.1 | $ | 565.4 |
FFO per share
| $ | 0.84 | $ | 0.84 | $ | 1.56 | $ | 1.66 |
Normalized funds from operations available to common stockholders (Normalized FFO) (3)
| $ | 327.7 | $ | 288.3 | $ | 595.4 | $ | 565.4 |
Normalized FFO per share
| $ | 0.88 | $ | 0.84 | $ | 1.60 | $ | 1.66 |
Adjusted funds from operations available to common stockholders (AFFO) (3)
| $ | 327.6 | $ | 295.2 | $ | 645.9 | $ | 592.5 |
AFFO per share
| $ | 0.88 | $ | 0.86 | $ | 1.73 | $ | 1.74 |
Month Ended April 30, 2021 |
Month Ended May 31, 2021 |
Month Ended
June 30, 2021
|
Quarter Ended
June 30, 2021
| |
Contractual rent collected(1) across total portfolio
| 95.5% | 95.5% | 96.7% | 95.9% |
Contractual rent collected(1) from our top 20 clients (2)
| 92.7% | 92.7% | 94.8% | 93.4% |
Contractual rent collected(1)from our investment grade clients (3)
| 100.0% | 100.0% | 100.0% | 100.0% |
Contractual rent collected from our theater clients | 32.3% | 31.5% | 51.0% | 38.3% |
Contractual rent collected from our health and fitness clients | 94.8% | 94.5% | 93.9% | 94.4% |
Three Months Ended | Six Months Ended | |||
June 30, 2021
|
June 30, 2021
| |||
Rental revenue reserves | ||||
Theater industry | $ | 6.5 | $ | 13.8 |
Other | 1.0 | 2.0 | ||
Total rental revenue reserves | $ | 7.5 | $ | 15.8 |
Straight-line rent reserves | ||||
Theater industry | $ | 0.1 | $ | 0.2 |
Other | 0.6 | 1.0 | ||
Total straight-line rent reserves | $ | 0.7 | $ | 1.2 |
Total reserves | ||||
Theater industry | $ | 6.6 | $ | 14.0 |
Other | 1.6 | 3.0 | ||
Total reserves | $ | 8.2 | $ | 17.0 |
Three months ended June 30, 2021
| |
Properties available for lease at March 31, 2021
| 131 |
Lease expirations (1)
| 66 |
Re-leases to same client | (54) |
Re-leases to new client | (2) |
Vacant dispositions | (38) |
Properties available for lease at June 30, 2021
| 103 |
Six months ended June 30, 2021
| |
Properties available for lease at December 31, 2020
| 140 |
Lease expirations (1)
| 126 |
Re-leases to same client | (91) |
Re-leases to new client | (15) |
Vacant dispositions | (57) |
Properties available for lease at June 30, 2021
| 103 |
Number of Properties |
Leasable Square Feet |
Investment ($ in thousands) |
Weighted Average Lease Term (Years) |
Initial Average
Cash Lease
Yield (1)
| |||
Three months ended June 30, 2021
| |||||||
Acquisitions - U.S. (in 24 states)
| 96 | 2,186,109 | $ | 485,424 | 13.9 | 5.3 | % |
Acquisitions - U.K. (2)
| 29 | 2,200,493 | 591,821 | 9.3 | 6.1 | % | |
Total acquisitions | 125 | 4,386,602 | $ | 1,077,245 | 11.2 | 5.7 | % |
Properties under development - U.S. | 31 | 1,898,893 | 56,867 | 15.6 | 5.9 | % | |
Total (3)
| 156 | 6,285,495 | $ | 1,134,112 | 11.5 | 5.7 | % |
Six months ended June 30, 2021
| |||||||
Acquisitions - U.S. (in 29 states)
| 173 | 4,484,715 | $ | 1,052,333 | 13.7 | 5.5 | % |
Acquisitions - U.K. (2)
| 41 | 3,133,460 | 994,783 | 9.8 | 5.6 | % | |
Total acquisitions | 214 | 7,618,175 | $ | 2,047,116 | 11.8 | 5.5 | % |
Properties under development - U.S. | 40 | 2,015,992 | 114,798 | 15.6 | 5.7 | % | |
Total (4)
| 254 | 9,634,167 | $ | 2,161,914 | 12.0 | 5.5 | % |
Three Months Ended June 30,
|
Six Months Ended June 30,
| Increase | ||||||||||
2021 | 2020 | 2021 | 2020 | Three Months |
Six Months
| |||||||
Rental revenue
| $ | 373.8 | $ | 371.8 | $ | 747.7 | $ | 747.0 | 0.5 | % | 0.1 | % |
Three Months Ended
June 30, 2021
|
Six Months Ended
June 30, 2021
| |||
Properties sold
| 42 | 69 | ||
Net sales proceeds
| $ | 56.9 | $ | 91.6 |
Gain on sales of real estate
| $ | 14.9 | $ | 23.3 |
Prior 2021 Guidance | Revised 2021 Guidance | |
Net income per share (1)
| $1.19 to $1.27 | $1.32 to $1.41 |
Real estate depreciation and impairments per share | $2.13 | $2.11 |
Gains on sales of properties per share | $(0.06) | $(0.09) |
Merger-related costs (actual) (1)
| $- | $0.03 |
Normalized FFO per share | $3.26 to $3.34 | $3.37 to $3.46 |
AFFO per share | $3.44 to $3.49 | $3.53 to $3.59 |
Same store rent growth (2)
| 0.5% - 1.0% | 1.5% - 2.0% |
Occupancy | ~ 98% | Over 98% |
Cash G&A expenses (% of revenues) (3)(4)
| ~ 4.5% | ~ 4.5% |
Property expenses (non-reimbursable) (% of revenues) (3)
| 1.5% - 2.0% | 1.5% - 1.8% |
Income tax expenses | ~ $20 million | ~ $25 million |
Acquisition volume | Over $3.25 billion | ~ $4.5 billion |
(1) Does not include any estimated merger-related costs for the remainder of 2021.
| ||
(2) Includes rent deferred for future payment as a result of lease concessions we granted in response to the COVID-19 pandemic.
| ||
(3) Revenue excludes contractually obligated reimbursements by our clients. Cash G&A excludes stock-based compensation expense.
| ||
(4) G&A inclusive of stock-based compensation expense as a percentage of rental revenue, excluding reimbursements, is expected to be approximately 5% in 2021.
|
Three Months | Three Months | Six Months | Six Months | |||||
Ended 6/30/21 | Ended 6/30/20 | Ended 6/30/21 | Ended 6/30/20 | |||||
REVENUE
| ||||||||
Rental (including reimbursable) (1)
| $ | 460,256 | $ | 410,201 | $ | 899,621 | $ | 822,358 |
Other
| 4,026 | 4,435 | 7,465 | 6,619 | ||||
Total revenue
| 464,282 | 414,636 | 907,086 | 828,977 | ||||
EXPENSES
| ||||||||
Depreciation and amortization
| 187,789 | 168,328 | 365,774 | 332,913 | ||||
Interest
| 73,674 | 77,841 | 146,749 | 153,766 | ||||
Property (including reimbursable) | 31,734 | 26,452 | 60,233 | 52,058 | ||||
General and administrative
| 21,849 | 19,063 | 42,645 | 40,027 | ||||
Provisions for impairment
| 17,246 | 13,869 | 19,966 | 18,347 | ||||
Merger-related costs | 13,298 | - | 13,298 | - | ||||
Total expenses
| 345,590 | 305,553 | 648,665 | 597,111 | ||||
Gain on sales of real estate
| 14,901 | 1,323 | 23,302 | 39,829 | ||||
Foreign currency and derivative gains (losses), net | 400 | 502 | 1,204 | (1,062) | ||||
Loss on extinguishment of debt
| - | - | (46,473) | (9,819) | ||||
Income before income taxes | 133,993 | 110,908 | 236,454 | 260,814 | ||||
Income taxes | (9,225) | (2,838) | (15,450) | (5,601) | ||||
Net income
| 124,768 | 108,070 | 221,004 | 255,213 | ||||
Net income attributable to noncontrolling interests
| (289) | (246) | (585) | (562) | ||||
Net income available to common stockholders
| $ | 124,479 | $ | 107,824 | $ | 220,419 | $ | 254,651 |
Funds from operations available to common stockholders (FFO)
| $ | 314,375 | $ | 288,338 | $ | 582,082 | $ | 565,441 |
Normalized funds from operations available to common stockholders (Normalized FFO) | $ | 327,673 | $ | 288,338 | $ | 595,380 | $ | 565,441 |
Adjusted funds from operations available to common stockholders (AFFO)
| $ | 327,647 | $ | 295,241 | $ | 645,869 | $ | 592,463 |
Per share information for common stockholders:
| ||||||||
Net income, basic and diluted | $ | 0.33 | $ | 0.31 | $ | 0.59 | $ | 0.75 |
FFO, basic and diluted | $ | 0.84 | $ | 0.84 | $ | 1.56 | $ | 1.66 |
Normalized FFO, basic and diluted | $ | 0.88 | $ | 0.84 | $ | 1.60 | $ | 1.66 |
AFFO, basic and diluted | $ | 0.88 | $ | 0.86 | $ | 1.73 | $ | 1.74 |
Cash dividends paid per common share | $ | 0.705 | $ | 0.699 | $ | 1.409 | $ | 1.392 |
Three Months | Three Months | Six Months | Six Months | |||||
Ended 6/30/21 | Ended 6/30/20 | Ended 6/30/21 | Ended 6/30/20 | |||||
Net income available to common stockholders
| $ | 124,479 | $ | 107,824 | $ | 220,419 | $ | 254,651 |
Depreciation and amortization
| 187,789 | 168,328 | 365,774 | 332,913 | ||||
Depreciation of furniture, fixtures and equipment
| (73) | (152) | (444) | (278) | ||||
Provisions for impairment
| 17,246 | 13,869 | 19,966 | 18,347 | ||||
Gain on sales of real estate
| (14,901) | (1,323) | (23,302) | (39,829) | ||||
FFO adjustments allocable to noncontrolling interests
| (165) | (208) | (331) | (363) | ||||
FFO available to common stockholders
| $ | 314,375 | $ | 288,338 | $ | 582,082 | $ | 565,441 |
FFO allocable to dilutive noncontrolling interests
| 348 | 348 | 705 | 717 | ||||
Diluted FFO
| $ | 314,723 | $ | 288,686 | $ | 582,787 | $ | 566,158 |
FFO available to common stockholders
| $ | 314,375 | $ | 288,338 | $ | 582,082 | $ | 565,441 |
Merger-related costs
| 13,298 | - | 13,298 | - | ||||
Normalized FFO available to common stockholders
| $ | 327,673 | $ | 288,338 | $ | 595,380 | $ | 565,441 |
Normalized FFO allocable to dilutive noncontrolling interests
| 348 | 348 | 705 | 717 | ||||
Diluted Normalized FFO
| $ | 328,021 | $ | 288,686 | $ | 596,085 | $ | 566,158 |
FFO per common share, basic and diluted | $ | 0.84 | $ | 0.84 | $ | 1.56 | $ | 1.66 |
Normalized FFO per common share, basic and diluted | $ | 0.88 | $ | 0.84 | $ | 1.60 | $ | 1.66 |
Distributions paid to common stockholders
| $ | 263,358 | $ | 240,470 | $ | 524,056 | $ | 474,294 |
FFO available to common stockholders in excess of distributions paid to common stockholders
| $ | 51,017 | $ | 47,868 | $ | 58,026 | $ | 91,147 |
Normalized FFO available to common stockholders in excess of distributions paid to common stockholders
| $ | 64,315 | $ | 47,868 | $ | 71,324 | $ | 91,147 |
Weighted average number of common shares used for FFO and Normalized FFO:
| ||||||||
Basic
| 374,236,424 | 343,515,406 | 372,879,165 | 340,061,487 | ||||
Diluted
| 374,804,142 | 344,148,378 | 373,434,863 | 340,744,384 |
Three Months | Three Months | Six Months | Six Months | |||||
Ended 6/30/21 | Ended 6/30/20 | Ended 6/30/21 | Ended 6/30/20 | |||||
Net income available to common stockholders (1)
| $ | 124,479 | $ | 107,824 | $ | 220,419 | $ | 254,651 |
Cumulative adjustments to calculate Normalized FFO (2)
| 203,194 | 180,514 | 374,961 | 310,790 | ||||
Normalized FFO available to common stockholders
| 327,673 | 288,338 | 595,380 | 565,441 | ||||
Executive severance charge (3)
| - | - | - | 3,463 | ||||
Loss on extinguishment of debt
| - | - | 46,473 | 9,819 | ||||
Amortization of share-based compensation
| 4,472 | 4,882 | 8,169 | 8,624 | ||||
Amortization of deferred financing costs (4)
| 1,710 | 1,476 | 3,375 | 2,836 | ||||
Amortization of net mortgage premiums
| (205) | (356) | (485) | (710) | ||||
Loss on interest rate swaps
| 724 | 1,306 | 1,446 | 1,992 | ||||
Straight-line payments from cross-currency swaps (5)
| 584 | 623 | 1,202 | 1,346 | ||||
Leasing costs and commissions
| (121) | (973) | (827) | (1,111) | ||||
Recurring capital expenditures
| (27) | (21) | (50) | (21) | ||||
Straight-line rent
| (11,004) | (6,242) | (21,467) | (14,024) | ||||
Amortization of above and below-market leases, net
| 3,934 | 6,087 | 13,234 | 12,517 | ||||
Other adjustments (6)
| (93) | 121 | (581) | 2,291 | ||||
AFFO available to common stockholders
| $ | 327,647 | $ | 295,241 | $ | 645,869 | $ | 592,463 |
AFFO allocable to dilutive noncontrolling interests
| 344 | 356 | 695 | 732 | ||||
Diluted AFFO
| $ | 327,991 | $ | 295,597 | $ | 646,564 | $ | 593,195 |
AFFO per common share, basic and diluted
| $ | 0.88 | $ | 0.86 | $ | 1.73 | $ | 1.74 |
Distributions paid to common stockholders
| $ | 263,358 | $ | 240,470 | $ | 524,056 | $ | 474,294 |
AFFO available to common stockholders in excess of distributions paid to common stockholders
| $ | 64,289 | $ | 54,771 | $ | 121,813 | $ | 118,169 |
Weighted average number of common shares used for AFFO:
| ||||||||
Basic
| 374,236,424 | 343,515,406 | 372,879,165 | 340,061,487 | ||||
Diluted
| 374,804,142 | 344,148,378 | 373,434,863 | 340,744,384 |
For the three months ended June 30,
| 2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net income available to common stockholders
| $ | 124,479 | $ | 107,824 | $ | 95,194 | $ | 96,380 | $ | 81,136 |
Depreciation and amortization, net of furniture, fixtures and equipment
| 187,716 | 168,176 | 150,279 | 133,831 | 122,939 | |||||
Provisions for impairment
| 17,246 | 13,869 | 13,061 | 3,951 | 2,274 | |||||
Gain on sales of real estate
| (14,901) | (1,323) | (6,891) | (7,787) | (2,839) | |||||
FFO adjustments allocable to noncontrolling interests
| (165) | (208) | (154) | (293) | (238) | |||||
FFO available to common stockholders | $ | 314,375 | $ | 288,338 | $ | 251,489 | $ | 226,082 | $ | 203,272 |
Merger-related costs | 13,298 | - | - | - | - | |||||
Normalized FFO available to common stockholders | $ | 327,673 | $ | 288,338 | $ | 251,489 | $ | 226,082 | $ | 203,272 |
FFO per diluted share
| $ | 0.84 | $ | 0.84 | $ | 0.81 | $ | 0.79 | $ | 0.75 |
Normalized FFO per diluted share | $ | 0.88 | $ | 0.84 | $ | 0.81 | $ | 0.79 | $ | 0.75 |
AFFO available to common stockholders | $ | 327,647 | $ | 295,241 | $ | 253,935 | $ | 226,988 | $ | 208,388 |
AFFO per diluted share
| $ | 0.88 | $ | 0.86 | $ | 0.82 | $ | 0.80 | $ | 0.76 |
. | ||||||||||
Cash dividends paid per share
| $ | 0.705 | $ | 0.699 | $ | 0.678 | $ | 0.659 | $ | 0.633 |
Weighted average diluted shares outstanding - FFO, Normalized FFO, and AFFO | 374,804,142 | 344,148,378 | 311,785,281 | 285,372,256 | 273,187,669 |
For the six months ended June 30,
| 2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net income available to common stockholders
| $ | 220,419 | $ | 254,651 | $ | 206,136 | $ | 179,543 | $ | 152,722 |
Depreciation and amortization, net of furniture, fixtures and equipment
| 365,330 | 332,635 | 287,641 | 264,775 | 243,879 | |||||
Provisions for impairment
| 19,966 | 18,347 | 17,733 | 18,172 | 7,706 | |||||
Gain on sales of real estate
| (23,302) | (39,829) | (14,154) | (11,005) | (13,371) | |||||
FFO adjustments allocable to noncontrolling interests
| (331) | (363) | (192) | (521) | (453) | |||||
FFO available to common stockholders | $ | 582,082 | $ | 565,441 | $ | 497,164 | $ | 450,964 | $ | 390,483 |
Merger-related costs | 13,298 | - | - | - | - | |||||
Normalized FFO available to common stockholders | $ | 595,380 | $ | 565,441 | $ | 497,164 | $ | 450,964 | $ | 390,483 |
FFO per diluted share
| $ | 1.56 | $ | 1.66 | $ | 1.62 | $ | 1.58 | $ | 1.46 |
Normalized FFO per diluted share | $ | 1.60 | $ | 1.66 | $ | 1.62 | $ | 1.58 | $ | 1.46 |
AFFO available to common stockholders | $ | 645,869 | $ | 592,463 | $ | 502,669 | $ | 451,549 | $ | 409,723 |
AFFO per diluted share
| $ | 1.73 | $ | 1.74 | $ | 1.63 | $ | 1.59 | $ | 1.53 |
. | ||||||||||
Cash dividends paid per share
| $ | 1.409 | $ | 1.392 | $ | 1.350 | $ | 1.309 | $ | 1.257 |
Weighted average diluted shares outstanding - FFO, Normalized FFO, and AFFO | 373,434,863 | 340,744,384 | 308,000,806 | 284,924,336 | 268,569,855 |
June 30, 2021 | December 31, 2020 | |||
ASSETS
| ||||
Real estate held for investment, at cost:
| ||||
Land
| $ | 6,975,008 | $ | 6,318,926 |
Buildings and improvements
| 15,700,846 | 14,696,712 | ||
Total real estate held for investment, at cost
| 22,675,854 | 21,015,638 | ||
Less accumulated depreciation and amortization
| (3,775,540) | (3,549,486) | ||
Real estate held for investment, net
| 18,900,314 | 17,466,152 | ||
Real estate and lease intangibles held for sale, net
| 39,540 | 19,004 | ||
Cash and cash equivalents
| 231,164 | 824,476 | ||
Accounts receivable, net
| 327,920 | 285,701 | ||
Lease intangible assets, net
| 1,969,793 | 1,710,655 | ||
Other assets, net
| 516,210 | 434,297 | ||
Total assets
| $ | 21,984,941 | $ | 20,740,285 |
LIABILITIES AND EQUITY
| ||||
Distributions payable
| $ | 90,455 | $ | 85,691 |
Accounts payable and accrued expenses
| 259,805 | 241,336 | ||
Lease intangible liabilities, net
| 319,495 | 321,198 | ||
Other liabilities
| 276,120 | 256,863 | ||
Line of credit payable and commercial paper
| 1,285,306 | - | ||
Term loan, net
| 249,457 | 249,358 | ||
Mortgages payable, net
| 300,574 | 300,360 | ||
Notes payable, net
| 7,330,050 | 8,267,749 | ||
Total liabilities
| 10,111,262 | 9,722,555 | ||
Commitments and contingencies
| ||||
Stockholders' equity:
| ||||
Common stock and paid in capital, par value $0.01 per share, 740,200,000 shares authorized, 380,174,042 and 361,303,445 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively
| 15,827,231 | 14,700,050 | ||
Distributions in excess of net income
| (3,968,333) | (3,659,933) | ||
Accumulated other comprehensive loss
| (19,366) | (54,634) | ||
Total stockholders' equity
| 11,839,532 | 10,985,483 | ||
Noncontrolling interests
| 34,147 | 32,247 | ||
Total equity
| 11,873,679 | 11,017,730 | ||
Total liabilities and equity
| $ | 21,984,941 | $ | 20,740,285 |
Equity
|
NASDAQ
| |||||||||
Realty Income
|
REIT Index (1)
|
DJIA
|
S&P 500
|
Composite
| ||||||
Dividend
|
Total
|
Dividend
|
Total
|
Dividend
|
Total
|
Dividend
|
Total
|
Dividend
|
Total
| |
yield
|
return (2)
|
yield
|
return (3)
|
yield
|
return (3)
|
yield
|
return (3)
|
yield
|
return (4)
| |
10/18 to 12/31/1994
|
10.5%
|
10.8%
|
7.7%
|
0.0%
|
2.9%
|
(1.6%)
|
2.9%
|
(1.2%)
|
0.5%
|
(1.7%)
|
1995 |
8.3%
|
42.0%
|
7.4%
|
15.3%
|
2.4%
|
36.9%
|
2.3%
|
37.6%
|
0.6%
|
39.9%
|
1996 |
7.9%
|
15.4%
|
6.1%
|
35.3%
|
2.2%
|
28.9%
|
2.0%
|
23.0%
|
0.2%
|
22.7%
|
1997 |
7.5%
|
14.5%
|
5.5%
|
20.3%
|
1.8%
|
24.9%
|
1.6%
|
33.4%
|
0.5%
|
21.6%
|
1998 |
8.2%
|
5.5%
|
7.5%
|
(17.5%)
|
1.7%
|
18.1%
|
1.3%
|
28.6%
|
0.3%
|
39.6%
|
1999 |
10.5%
|
(8.7%)
|
8.7%
|
(4.6%)
|
1.3%
|
27.2%
|
1.1%
|
21.0%
|
0.2%
|
85.6%
|
2000 |
8.9%
|
31.2%
|
7.5%
|
26.4%
|
1.5%
|
(4.7%)
|
1.2%
|
(9.1%)
|
0.3%
|
(39.3%)
|
2001 |
7.8%
|
27.2%
|
7.1%
|
13.9%
|
1.9%
|
(5.5%)
|
1.4%
|
(11.9%)
|
0.3%
|
(21.1%)
|
2002 |
6.7%
|
26.9%
|
7.1%
|
3.8%
|
2.6%
|
(15.0%)
|
1.9%
|
(22.1%)
|
0.5%
|
(31.5%)
|
2003 |
6.0%
|
21.0%
|
5.5%
|
37.1%
|
2.3%
|
28.3%
|
1.8%
|
28.7%
|
0.6%
|
50.0%
|
2004 |
5.2%
|
32.7%
|
4.7%
|
31.6%
|
2.2%
|
5.6%
|
1.8%
|
10.9%
|
0.6%
|
8.6%
|
2005 |
6.5%
|
(9.2%)
|
4.6%
|
12.2%
|
2.6%
|
1.7%
|
1.9%
|
4.9%
|
0.9%
|
1.4%
|
2006 |
5.5%
|
34.8%
|
3.7%
|
35.1%
|
2.5%
|
19.0%
|
1.9%
|
15.8%
|
0.8%
|
9.5%
|
2007 |
6.1%
|
3.2%
|
4.9%
|
(15.7%)
|
2.7%
|
8.8%
|
2.1%
|
5.5%
|
0.8%
|
9.8%
|
2008 |
7.3%
|
(8.2%)
|
7.6%
|
(37.7%)
|
3.6%
|
(31.8%)
|
3.2%
|
(37.0%)
|
1.3%
|
(40.5%)
|
2009 |
6.6%
|
19.3%
|
3.7%
|
28.0%
|
2.6%
|
22.6%
|
2.0%
|
26.5%
|
1.0%
|
43.9%
|
2010 |
5.1%
|
38.6%
|
3.5%
|
27.9%
|
2.6%
|
14.0%
|
1.9%
|
15.1%
|
1.2%
|
16.9%
|
2011 |
5.0%
|
7.3%
|
3.8%
|
8.3%
|
2.8%
|
8.3%
|
2.3%
|
2.1%
|
1.3%
|
(1.8%)
|
2012 |
4.5%
|
20.1%
|
3.5%
|
19.7%
|
3.0%
|
10.2%
|
2.5%
|
16.0%
|
2.6%
|
15.9%
|
2013 |
5.8%
|
(1.8%)
|
3.9%
|
2.9%
|
2.3%
|
29.6%
|
2.0%
|
32.4%
|
1.4%
|
38.3%
|
2014 |
4.6%
|
33.7%
|
3.6%
|
28.0%
|
2.3%
|
10.0%
|
2.0%
|
13.7%
|
1.3%
|
13.4%
|
2015 |
4.4%
|
13.0%
|
3.9%
|
2.8%
|
2.6%
|
0.2%
|
2.2%
|
1.4%
|
1.4%
|
5.7%
|
2016 |
4.2%
|
16.0%
|
4.0%
|
8.6%
|
2.5%
|
16.5%
|
2.1%
|
12.0%
|
1.4%
|
7.5%
|
2017 |
4.5%
|
3.6%
|
3.9%
|
8.7%
|
2.2%
|
28.1%
|
1.9%
|
21.8%
|
1.1%
|
28.2%
|
2018 |
4.2%
|
15.2%
|
4.4%
|
(4.0%)
|
2.5%
|
(3.5%)
|
2.2%
|
(4.4%)
|
1.4%
|
(3.9%)
|
2019 | 3.7% | 21.1% | 3.7% | 28.7% | 2.4% | 25.3% | 1.9% | 31.5% | 1.1% | 35.2% |
2020 | 4.5% | (11.8%) | 3.6% | (5.1%) | 1.9% | 9.7% | 1.5% | 18.4% | 0.9% | 43.6% |
YTD 2021 | 4.2% | 9.6% | 2.9% | 21.3% | 1.8% | 13.8% | 1.4% | 15.3% | 0.7% | 12.5% |
Compound Average
Annual Total Return (5)
| 15.3% | 10.8% | 11.0% |
10.8%
|
11.7%
|
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Disclaimer
Realty Income Corporation published this content on 02 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2021 09:57:14 UTC.