Escondido-based investment firm Realty Income Corp. saw revenue rise 16.4 percent in its fourth quarter ending Dec. 31, with a revenue increase of 15.9 percent for the full year 2012.
A statement from the real estate investment trust said revenue totaled $130.1 million for the quarter and $475.5 million for the year.
Net income available to common stockholders for the quarter was $28.5 million, down from $34.9 million a year ago; and $114.5 million for the year, down from $132.8 million in 2011.
Adjusting for costs related to the firm’s recently completed $3 billion acquisition of American Realty Capital Trust, normalized funds from operations available to common stockholders totaled $268.8 million for the year, up 7.8 percent from a year ago.
Funds from operations is an industry recognized supplemental metric gauging the performance of real estate portfolios.
Realty Income invested $1.16 billion in acquisitions of 423 commercial properties during 2012. The company trades under the symbol O on the New York Stock Exchange.
— SDBJ Staff Report