San Diego’s Realty Income Surpasses Q2 Estimates with Higher Rental Revenue ...Middle East

News by : (Times of San Diego) -
Realty Income Corp. headquarters in Carmel Valley. Courtesy of the company San Diego’s Realty Income edged past Wall Street expectations for second quarter funds from operations (FFO) on Monday, as the real estate investment trust benefited from higher rental revenue at its properties. The REIT, which has more than 13,400 properties across the United States and Europe, leases its locations to clients across industries such as retail, restaurants, industrial and gaming. While property management costs climbed, the company was able to cushion its FFO by pushing up rental rates and investing in high-growth properties. Same-store rental revenue for quarter ended June 30 came in at $

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