Realty Income (NYSE: O) reported Q3 EPS of $0.34, $0.01 better than the analyst estimate of $0.33. Revenue for the quarter came in at $338.1 million versus the consensus estimate of $334.44 million.

"We are pleased with our operating results during the third quarter, with strong acquisition activity, high occupancy, and positive recapture rates," said Sumit Roy, Realty Income's President & Chief Executive Officer. "We invested approximately $609 million in property acquisitions, bringing us to nearly $1.5 billion in acquisitions completed as we entered the fourth quarter. Our consistent track record of performance and the stability of our portfolio contributed to S&P raising our credit rating to 'A-' during the quarter, placing us among only a few REITs with two 'A' ratings. In October, we recast and expanded our revolving credit facility from $2.0 billion to $3.0 billion at favorable pricing.

We remain committed to capitalizing our business in a conservative manner and raised approximately $300 million of equity during the quarter, primarily through our ATM program. Based on the continued strength of our business, we are adjusting our 2018 AFFO per share guidance from our previous estimate of $3.16 - $3.21 to $3.18 - $3.21, representing annual growth of 4% - 5%. As we further evolve and execute the company's strategy, I look forward to continuing to work closely with the Board and our talented team."

GUIDANCE:

Realty Income sees FY2018 EPS of $1.21-$1.24, versus the consensus of $1.28.

For earnings history and earnings-related data on Realty Income (O) click here.