Doubling Down On Realty Income
Portfolio Pulse from
Realty Income has announced a strong AFFO per share guidance for 2024, indicating a 4.8% growth. The company plans a $3.5 billion investment for 2024, supported by a $1.3 billion Q4 pipeline. Despite recent Fed rate cuts, REITs face challenges like high vacancy rates and rising financing costs.
November 12, 2024 | 6:45 pm
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Realty Income's 2024 AFFO per share guidance shows a 4.8% growth, with a $3.5 billion investment plan. Fed rate cuts provide short-term relief, but challenges like high vacancy rates and rising costs persist.
The positive AFFO growth guidance and significant investment plans suggest a bullish outlook for Realty Income. However, the broader REIT sector challenges like high vacancy rates and rising costs could temper this optimism. The recent Fed rate cuts provide some relief, supporting a positive short-term impact on the stock price.
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