WASHINGTON (dpa-AFX) - Realty Income Corp. (O) posted fourth-quarter funds from operations, or FFO, of $68.08 million, higher than $52.51 million in the prior-year quarter. FFO per share was up to $0.51 from $0.47 in the same quarter a year ago.
AFFO per share, for the quarter, increased 8.3% to $0.52 from $0.48 last year. On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $0.52 per share. Analysts' estimates typically exclude special items.
Total revenue grew to $114 million from $92.25 million in the comparable period a year ago. Analysts estimated revenues of $111.10 million.
Portfolio occupancy increased to 96.7% from 96.6%, while same store rents increased 1.1% to $80.3 million.
Going forward, the company estimates that 2012 adjusted funds from operations should range from $2.07 to $2.12 per share, an increase of 3.0% to 5.5% over 2011 AFFO per share of $2.01. Analysts expect the company to earn $2.05 per share for the year.
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