07:55 AM EDT, 06/04/2024 (MT Newswires) -- Realty Income ( O ) said Tuesday that it now expects 2024 adjusted funds from operations of $4.15 to $4.21 per diluted share, compared with previous guidance of $4.13 to $4.21

The real estate investment trust said it also now expects 2024 investment volume to be approximately $3.0 billion, up from previous guidance of $2.0 billion.

Analysts surveyed by Capital IQ are expecting 2024 AFFO of $4.17 per share

"These increases stem from an improving investment environment, particularly in Europe," Realty Income ( O ) Chief Executive Sumit Roy said in a statement.

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