---
schema_version: "secwatch.filing_event.v1"
accession: "0000726728-23-000038"
form_type: "8-K"
ticker: "O"
cik: "0000726728"
company_name: "REALTY INCOME CORP"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:28:53.336398+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Realty Income Q4 AFFO $1.00 (+6.4% YoY); full-year acquisitions $9.0B; occupancy 99%

## Summary
- Q4 normalized FFO $1.05 (+18% YoY); AFFO $1.00 (+6.4% YoY); net income $227.3M ($0.36/diluted share).
- Full-year 2022 AFFO $3.92 (+9.2% YoY); invested $9.0B in 1,301 properties, including $1.7B Encore Boston Harbor casino acquisition.
- Occupancy 99.0% (highest in 20+ years); announced ~$894M acquisition of 185 properties from CIM Real Estate, expected H1 2023.
- Subsequent to Q4: issued $1.1B senior notes (5.05% due 2026, 4.85% due 2030); March dividend raised 2.4% to $3.054 annualized.
- Net debt to annualized pro forma adjusted EBITDAre 5.3x; raised $4.6B from ATM stock sales in 2022.

## SEC filing metadata
- accession: 0000726728-23-000038
- form_type: 8-K
- ticker: O
- cik: 0000726728
- company_name: REALTY INCOME CORP
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/726728/000072672823000038/0000726728-23-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/726728/000072672823000038/o-20230221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000726728-23-000038
- JSON: https://secwatch.observer/filing/0000726728-23-000038.json
- Plain text: https://secwatch.observer/filing/0000726728-23-000038.txt

## Key facts
- Earnings Releases
  REALTY INCOME CORP reported financial results for the three months and year ended December 31, 2022.
  - Period: the three months and year ended December 31, 2022
  - Result: reported results
  source text: On February 21, 2023, Realty Income Corporation (the “Company”) issued a press release setting forth its results of operations for the three months and year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/726728/000072672823000038/0000726728-23-000038-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.