Feb 24, 09:13 PM

Realty Income Reports Q4 FFO of $1.05, Misses Estimate; $199.6M Net Income; Starbucks Cuts Over 1,000 Jobs Amid Underperformance

Realty Income Corporation reported its fourth-quarter earnings, revealing a Funds From Operations (FFO) of $1.05 per share, which fell short of the $1.07 estimate. However, the company achieved sales of $1.34 billion, surpassing the $1.29 billion estimate. Additionally, the net income available to common stockholders was $199.6 million, equating to $0.23 per share. The Adjusted Funds from Operations (AFFO) per share increased by 4.0% to $1.05 compared to the previous quarter. Meanwhile, Starbucks announced a reduction of over 1,000 positions as part of an effort to improve operational efficiency amid underperformance, with a total global workforce of approximately 361,000 employees as of September 2024, including about 211,000 in the U.S. In other news, Noa Argamani is set to address the UN Security Council, marking the first time a former hostage will speak directly to the council regarding her experience in Hamas captivity.

#Realty Income Corporation #Funds From Operations #Adjusted Funds from Operations #Starbucks #Noa Argamani #UN Security Council #Hamas

Written with ChatGPT (GPT-4o mini).

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Realty Income Reports Q4 FFO of $1.05, Misses Estimate; $199.6M Net Income; Starbucks Cuts Over 1,000 Jobs Amid Underperformance

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