Why This May Be THE REIT to Buy

[ETF Daily News]( November 15th, 2023 SPONSORED AD [Read Immediately: Huge banking overhaul underway]( The financial community has some big changes planned for your money. The Federal Reserve, US Treasury and White House are all involved... as are at least 41 American banks and credit unions. This overhaul could change how you cash your paycheck... access your social security income... even how you pay your taxes. That's why it's crucial you understand what's going on before your bank is affected. [Full story here.]( [Why This May Be THE REIT to Buy]( Retail REIT Realty Income Corporation ([O]( – [Get Rating]( will release its operating results for the third quarter (ended September 30, 2023) post-market closure on November 6. The REIT’s funds from operations (FFO) and revenue are expected to increase significantly over the prior-year quarter. In this piece, I have discussed why the stock could be best avoided now despite an expected year-over-year financial improvement. Retail sales continue to be resilient despite the uncertain macroeconomic environment. Retail sales [rose 0.7% in September]( more than twice what economists had expected. The rise in retail sales closely follows the revised 0.8% rise in August. Moreover, [retail sales are expected to grow further]( with the holiday season expected to get underway this month. O’s FFO and revenue for the third quarter are expected to increase 5.7% and 15.7% year-over-year to $1.02 and $955.78 million, respectively. Given the resilience of retail sales during the third quarter, the strong demand for retail properties is expected to have boosted its revenues. The company owns more than 13,000 properties across different industries, which helps to lower the risks of overexposure to a particular space. This is also likely to have aided the growth in its earnings during the third quarter. In the last reported quarter, the REIT failed to surpass the consensus estimate by 0.2%. However, its revenue beat the analyst estimates by 8.8%. On October 10, 2023, O announced the acquisition of Spirit Realty Capital for $9.3 billion. No leverage is being taken for the transaction, and it is expected to deliver over 2.5% accretion to O’s annualized Adjusted Funds from Operations (AFFO) per share. Moreover, no new external capital will be required to finance the transaction. The merger will lead to an enterprise value of approximately… Continue reading at [STOCKNEWS.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 ETF Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019