Exhibit 99.1
CONTACT:
Tere Miller
Vice President, Corporate Communications
760-741-2111 ext. 1177
REALTY INCOME ANNOUNCES RECORD FOURTH QUARTER
AND 2011 OPERATING RESULTS
ESCONDIDO, CALIFORNIA, February 9, 2012...Realty Income Corporation (Realty Income), The Monthly Dividend Company® (NYSE: O), today announced operating results for the fourth quarter ended December 31, 2011. Access to this document is available at www.realtyincome.com. All per share amounts presented in this press release are on a diluted per common share basis, unless stated otherwise.
COMPANY HIGHLIGHTS:
For the quarter ended December 31, 2011 (as compared to the same quarterly period in 2010):
●Revenue increased 23.6% to $114.0 million
●FFO available to common stockholders increased 29.7% to $68.1 million
●AFFO available to common stockholders increased 28.5% to $68.5 million
●FFO per share increased 8.5% to $0.51
●AFFO per share increased 8.3% to $0.52
●Net income available to common stockholders per share was $0.26
●Portfolio occupancy increased to 96.7% from 96.6%
●Same store rents increased 1.1% to $80.3 million
●Invested $189.8 million in 39 new properties and properties under development
●Dividends paid per common share increased 0.9%
●The monthly dividend increased for the 57th consecutive quarter to an annualized amount of $1.746 per share
For the year ended December 31, 2011 (as compared to 2010):
●Revenue increased 22.6% to $421.1 million as compared to $343.5 million
●FFO available to common stockholders increased 28.6% to $249.4 million
●AFFO available to common stockholders increased 28.4% to $253.4 million
●FFO per share increased 8.2% to $1.98
●AFFO per share increased 8.1% to $2.01
●Net income available to common stockholders per share was $1.05
●Same store rents increased 1.3% to $319.9 million
●Invested $1.0 billion in 164 new properties
●Raised gross proceeds of $664.4 million to permanently fund 2011 real estate acquisitions
●Dividends paid per common share increased 0.9%
●Paid the 497th consecutive monthly dividend in December 2011
The following information was filed by Realty Income Corp (O) on Thursday, February 9, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.