Nov 3 (Reuters) - Realty Income ( O ) narrowed its
annual adjusted funds from operations forecast on Monday, as the
real estate investment trust navigates an uncertain
macroeconomic environment.
The company has a portfolio of more than 15,500 commercial
properties, and counts Walgreens and Dollar General ( DG ) among
its customers.
Realty Income ( O ) now expects 2025 adjusted FFO of $4.25 to
$4.27 per share, compared to its prior forecast of between $4.24
and $4.28 apiece.
The company's same-store rental revenues in the third
quarter increased 1.3% to $1.16 billion, compared with $1.15
billion in the same period a year ago.
Revenue rose to $1.47 billion, beating analysts' average
expectation of $1.38 billion, according to data compiled by
LSEG.
The San Diego, California-based company reported adjusted
FFO of $1.08 per share for the quarter ended September 30,
exceeding expectations of 1.07 per share.
Shares of the company were down marginally in after-hours
trading.