Why did O's Q4 2024 EPS meet forecasts exactly?

Realty Income Corp. (O) met its Q4 2024 EPS forecasts exactly due to several key factors:

1. **Revenue Growth**: The company's total revenue jumped by 24.5% year-over-year, reaching $1.34 billion for the quarter. This significant increase was primarily driven by the Spirit Realty acquisition that closed in January 2024.
2. **Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO)**: Realty Income reported FFO of $921.9 million and AFFO of $1.05 for the quarter. These metrics are crucial for the company's dividend-paying capacity and indicate a strong operational performance.
3. **Market Position and Growth Opportunities**: Realty Income's diversified commercial real estate portfolio and its status as a real estate partner to leading companies position it well for continued growth. The company's total addressable market is in the tens of trillions of dollars, offering ample opportunities for future revenue expansion.
4. **Financial Strength**: Realty Income's investment-grade balance sheet and access to liquidity are indicative of its ability to manage financial obligations effectively, which is a critical factor for maintaining credit ratings and investor confidence.

In summary, Realty Income's Q4 2024 EPS met forecasts due to robust revenue growth, strong FFO and AFFO performance, a favorable market position, and solid financial strength. These elements collectively support the company's ability to generate earnings in line with expectations.