02/26/2025, 09:37 AM UTC
Realogy收入:令人失望的指引让我再次转为'持有'(评级下调)Realty Income: Disappointing Guidance Turns Me To 'Hold' Once Again (Rating Downgrade)
1. 拥有30年分红增长历史的Realogy收入在2025年指引方面面临失望;2. 尽管2024年业绩稳健,每股调整后自由现金流(AFFO)增长4.8%,但2025年预期仅增长1.4%;3. 高利率、即将到来的债务再融资和紧张的资本利得空间限制了Realogy收入的增长;4. 建议持有股票,因其资产负债表强劲、分红可靠和收入潜力,但对于期望大幅增长的投资者应保持谨慎。1. Realty Income, with a 30-year history of dividend growth, faces disappointment regarding 2025 guidance; 2. Despite solid 2024 results with a 4.8% AFFO per share growth, 2025 guidance is only expected to grow by 1.4%; 3. High interest rates, upcoming debt refinancing, and tight investment spreads are constraining Realty Income's growth; 4. The recommendation is to hold the stock due to its strong balance sheet, reliable dividends, and income potential, but caution is advised for investors expecting substantial growth.---
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