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Realty Income’s (NYSE:O) higher occupancy rate is estimated to benefit the retail real estate investment trust when it announces its Q2 earnings results on Monday, August 5th, after market close.
The consensus FFO estimate is $1.05 (+3.38% Y/Y) and the consensus revenue estimate is $1.21B (+21.42% Y/Y).
O turned in stronger-than-expected revenue in Q1 after completing $598M of investment volume, and its earnings came in slightly higher than expected as its occupancy rate stayed steady.
Demand for retail real estate continues to be strong, partly due to a robust pipeline of store openings by large retailers, according to Cushman & Wakefield’s mid-year macro outlook.
In addition, there’s a lack of new supply, with less than 12M square feet of retail space under construction, and over 4.3B square feet of inventory, the report noted.
“Retail real estate stands out with low vacancy rates,…
