Realty Income Corp. Revises 2013 Earnings Guidance - Quick Facts

(RTTNews) - Realty Income Corp. (O) announced that it estimates that normalized 2013 FFO per share should range from $2.37 to $2.43, an increase of 17% to 20% over the Normalized 2012 FFO per share of $2.02. Normalized FFO per share for 2013 is based on an estimated net income per share range of $0.93 to $0.99.

The company estimates AFFO per share for 2013 to be $2.35 to $2.41 per share, an increase of 14% to 17% over the 2012 AFFO per share of $2.06.

Analysts polled by Thomson Reuters expect the company to report profit of $2.38 per share for 2013. Analysts' estimates typically exclude special items.

Realty Income estimates that it will acquire over $1.0 billion of properties in 2013, versus its previous estimate of $550 million in property acquisitions.

The company also announced that, during the second quarter of 2013, it invested approximately $735 million in new properties and properties under development or expansion.