Realty Income Corp
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Mid Cap Blend
Company profile

Realty Income Corporation is a real estate investment trust (REIT). The Company is focused on acquiring and managing freestanding commercial properties under a long-term net lease agreement. The Company owns and operates diversified portfolio of over 11,000 commercial properties. The Company's properties are leased to clients, operating across 60 industries, and located in 50 United States (U.S) states, Puerto Rico, the United Kingdom and Spain. The majority of its properties are leased to retail clients that have a service, non-discretionary, and/or low price point component to their business. The Company’s property types include Retail, Industrial, and Agriculture.

Closing Price
$69.49
Day's Change
1.73 (2.55%)
Bid
--
Ask
--
B/A Size
--
Day's High
69.50
Day's Low
66.93
Volume
(Average)
Volume:
3,531,780

10-day average volume:
3,880,845
3,531,780

AMC beats earnings expectations, but warns that 'virus continues to be with us'

8:24 am ET November 9, 2021 (MarketWatch)
Print

By Levi Sumagaysay

AMC Entertainment Holdings Inc. said Monday that its quarterly results beat expectations across the board, with revenue increasing more than sixfold year over year during a quarter in which "substantially all" of its theaters were open for the first time since the fourth quarter of 2019.

The movie-theater chain said it "safely welcomed back" 40 million guests in the U.S., Europe and the Middle East in the third quarter, while analysts had expected 37.2 million.

In a news release, AMC (AMC) Chief Executive Adam Aron reiterated that October theater-admission revenues were the highest of any month since before the coronavirus pandemic forced the company to close its theaters.

On the company's earnings call, Aron said the movie-theater industry saw $1.6 billion in box-office revenue in the third quarter, a 66% increase from the previous quarter.

But Aron also said in the news release: "We wish to emphasize that no one should have any illusions that there is not more challenge ahead of us still to be met. The virus continues to be with us, we need to sell more tickets in future quarters than we did in the most recent quarter, and Adjusted EBITDA is still well below pre-pandemic levels."

AMC shares fell 4.4% after hours. They rose more than 8% in the regular session to close at $45.06. The meme stock has surged more than 2,000% so far this year, compared with the S&P 500 Index , which is up more than 25% year to date.

The movie-theater chain reported a third-quarter net loss of $224.2 million, or 44 cents a share, compared with $905.8 million, or $5.70 a share, in the year-ago period. Revenue rose to $763.2 million from $119.4 million in the year-ago quarter. Adjusted Ebitda was a loss of $5.4 million.

Analysts surveyed by FactSet had forecast a loss of $257 million, or 53 cents a share, on revenue of $708.3 million.

-Levi Sumagaysay

	

(END) Dow Jones Newswires

November 09, 2021 08:24 ET (13:24 GMT)

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