Realty Income Corporation (O) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Realty Income Fourth Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. If you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touch-tone phone. And to withdraw your question, please press star then two. Please note, today's event is being recorded. I would now like to turn the conference over to Kelsey Mueller, Vice President, Investor Relations. Please go ahead. Thank you for joining us today for Realty Income's 2024 Fourth Quarter and Full Year Operating Results Conference Call. Discussing our results will be Suman Roy, President and Chief Executive Officer, and Jonathan Pong, Chief Financial Officer and Treasurer. During this conference call, we will make statements that may be considered forward-looking statements under federal securities law. The company's actual future results may differ significantly from the matters discussed in any forward-looking statement. We will disclose in greater detail the factors that may cause such differences in the company's filing on Form 10-K. During the Q&A portion of the call, we will be observing a two-question limit. If you would like to ask additional questions, you may re-enter the queue. I will now turn the call over to our CEO, Sumit Roy. Thank you, Kelsey. Welcome, everyone. In 2024, Realty Income achieved AFO per share growth of 4.8%, marking our 14th consecutive year of growth. This, combined with our 5.4% dividend yield for investors who held our stock in 2024, resulted in a total operational return of 10.2% for the year. Over our 30-year history as a public company, our annual ...