SAN DIEGO, June 4, 2024 /PRNewswire/ -- Realty Income Corporation ((Realty Income, NYSE:O), The Monthly Dividend Company®, today announced that it has revised its 2024 outlook. The Company now expects to achieve Adjusted Funds from Operations (AFFO) in a range of $4.15 to $4.21 per diluted share as compared to previous guidance of $4.13 to $4.21 per diluted share. The Company also now expects 2024 investment volume to be approximately $3.0 billion as compared to previous guidance of $2.0 billion. "We are pleased to raise our guidance for full year AFFO per share and investment volume, reflecting our continued confidence in our business outlook as we approach the mid-point of the year," said Sumit Roy, Realty Income's President and Chief Executive Officer. "These increases stem from an improving investment environment, particularly in Europe. Additionally, we continue to see stable operating performance in our high-quality, diversified global real estate portfolio. We believe our size and scale place us in a unique competitive position to capitalize on the current market environment." Earnings Guidance Summarized below are approximate estimates of the key components of our 2024 earnings guidance: Prior 2024 Guidance (1) Revised 2024 Guidance Net income per share (2) $1.23 - $1.35 $1.26 - $1.35 Real estate depreciation and impairments per share (3) $2.84 $2.84 Other adjustments per share (3) $0.10 $0.09