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Realty Income (O: A3/A-): Updated Earning Guidance

REAL ESTATE

Realty Income provided an updated guidance which narrowed the field of expected earnings. Importantly they note:

  • Investment volume will increase from $2b to $3b
  • “improving investment environment, particularly in Europe”

So, there is a read-through for the European retail property sector and also the possibility that they may come to the bond market to fund European investments.

{ https://www.realtyincome.com/investors/press-releases/realty-income-raises-2024-earnings-and-investment-guidance}

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