secwatch.observer — SEC 8-K summary
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Issuer:     REALTY INCOME CORP (O)
CIK:        0000726728
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0000726728-23-000038
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/726728/000072672823000038/0000726728-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/726728/000072672823000038/o-20230221.htm
  HTML page:      https://secwatch.observer/filing/0000726728-23-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer