ESCONDIDO, Calif., July 22 /PRNewswire-FirstCall/ -- Realty Income
Corporation (Realty Income), The Monthly Dividend Company(TM), (NYSE: O) today
announced that Funds from Operations (FFO) for the second quarter ended
June 30, 2002 increased 26.4% to $23.0 million as compared to $18.2 million
for the same quarter in 2001. For the quarter ended June 30, 2002, net income
available to common stockholders increased to $16.0 million as compared to
$11.0 million for the same period in 2001. The weighted average number of
fully-diluted common shares outstanding for the quarters ended June 30, 2002
and 2001 were 33,368,359 and 28,468,992, respectively.
The preceding information was included in a prospectus supplement filed
with the Securities and Exchange Commission on July 22, 2002, in conjunction
with an offering of the Company's common stock, and discloses certain
information made available in the offering prospectus. The Company will
provide complete operating results in a press release to be issued on
Thursday, July 25, 2002 prior to the open of the stock exchanges.
Realty Income is The Monthly Dividend Company(TM), a New York Stock
Exchange real estate company dedicated to providing shareholders with
dependable monthly income. To date the Company has paid 384 consecutive
monthly dividend payments throughout its 33-year operating history. The
monthly income is supported by the cash flow from over 1,100 retail properties
owned under long-term lease agreements with leading regional and national
retail chains. The Company is an active buyer of net-leased retail properties
nationwide.
Note to Editors: Realty Income press releases are available at no charge
by calling our toll-free investor hotline number: 888-811-2001, or through the
Internet at http://www.realtyincome.com/Investing/News.html .
SOURCE Realty Income Corporation
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Related links:
http://www.realtyincome.com
Company News On-Call:
http://www.prnewswire.com/comp/746650.html
CONTACT:
Tere Miller. Vice President, Investor
Relations, Realty Income Corporation, +1-760-741-2111 ext. 177
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