Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 1.34B | 6.3% |
| Gross Profit | 1.1B | 15.7% |
| Cost of Revenue | 244M | 22.2% |
| Operating expense | 144M | 35.7% |
| Net Income | 259M | 96.1% |
| EBITDA | 1.2B | 4.4% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 68.1B | 0.4% |
| Total Liabilities | 29.1B | 0.5% |
| Total Equity | 38.6B | 1% |
| Shares Outstanding | 871M | 0% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 981M | 26% |
| Cash from investing | -645M | 65.9% |
| Cash from financing | -561M | 3392.3% |
EPS
Financial Highlights for Realty Income in Q2 '24
Realty Income reported a revenue of 1.34B, which is a 6.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.1B, marking a 15.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 244M, a -22.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 144M, showing a -35.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 259M, showing a 96.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.2B, showing a 4.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Realty Income with growth in revenue, gross profit, and net income.
