---
schema_version: "secwatch.filing_event.v1"
accession: "0000726728-24-000040"
form_type: "8-K"
ticker: "O"
cik: "0000726728"
company_name: "REALTY INCOME CORP"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:34:14.214578+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Realty Income Q4 AFFO $1.01/share; 2024 guidance 3.3-5.3% AFFO/share growth; Spirit merger closed

## Summary
- Q4 net income $218.4M ($0.30/share); FY net income $872.3M ($1.26/share). AFFO Q4 $731.0M ($1.01/share), FY $2.77B ($4.00/share).
- FY2023 invested $9.5B at 7.1% initial cash yield; Q4 $2.7B at 7.6%. Included €527M Decathlon sale-leaseback in Europe.
- Completed Spirit Realty merger on Jan 23, 2024 in all-stock transaction.
- 2024 AFFO per share growth guidance 3.3% to 5.3%. ATM forward equity of ~$605M unsettled as of Feb 20, 2024.
- Portfolio occupancy 98.6%, WALT 9.8 years, 13,458 properties across 1,326 clients.

## SEC filing metadata
- accession: 0000726728-24-000040
- form_type: 8-K
- ticker: O
- cik: 0000726728
- company_name: REALTY INCOME CORP
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/726728/000072672824000040/0000726728-24-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/726728/000072672824000040/o-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000726728-24-000040
- JSON: https://secwatch.observer/filing/0000726728-24-000040.json
- Plain text: https://secwatch.observer/filing/0000726728-24-000040.txt

## Key facts
- Earnings Releases
  REALTY INCOME CORP reported three months ended December 31, 2023 results: revenue Total revenue $ 1,076.3, net income Net income available to common stockholders (1) $ 218.4, EPS Net income per share $ 0.30.
  - Period: three months ended December 31, 2023
  - Revenue: Total revenue $ 1,076.3
  - Net income: Net income available to common stockholders (1) $ 218.4
  - EPS: Net income per share $ 0.30
  - Result: reported results
  source text: Net income available to common stockholders was $218.4 million, or $0.30 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/726728/000072672824000040/0000726728-24-000040-index.htm
- Earnings Releases
  REALTY INCOME CORP reported three months ended December 31, 2023 results: revenue Total revenue $ 1,076.3, net income Net income available to common stockholders (1) $ 218.4, EPS Net income per share $ 0.30.
  - Period: three months ended December 31, 2023
  - Revenue: Total revenue $ 1,076.3
  - Net income: Net income available to common stockholders (1) $ 218.4
  - EPS: Net income per share $ 0.30
  - Result: reported results
  source text: Total revenue $ 1,076.3 $ 888.7 $ 4,079.0 $ 3,343.7 Net income available to common stockholders (1) $ 218.4 $ 227.3 $ 872.3 $ 869.4 Net income per share $ 0.30 $ 0.36 $ 1.26 $ 1.42
  evidence_url: https://www.sec.gov/Archives/edgar/data/726728/000072672824000040/0000726728-24-000040-index.htm
- Earnings Releases
  REALTY INCOME CORP reported year ended December 31, 2023 results: revenue Total revenue $ 4,079.0, net income Net income available to common stockholders (1) $ 872.3, EPS Net income per share $ 1.26.
  - Period: year ended December 31, 2023
  - Revenue: Total revenue $ 4,079.0
  - Net income: Net income available to common stockholders (1) $ 872.3
  - EPS: Net income per share $ 1.26
  - Result: reported results
  source text: Net income available to common stockholders was $872.3 million, or $1.26 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/726728/000072672824000040/0000726728-24-000040-index.htm
- Earnings Releases
  REALTY INCOME CORP reported year ended December 31, 2023 results: revenue Total revenue $ 4,079.0, net income Net income available to common stockholders (1) $ 872.3, EPS Net income per share $ 1.26.
  - Period: year ended December 31, 2023
  - Revenue: Total revenue $ 4,079.0
  - Net income: Net income available to common stockholders (1) $ 872.3
  - EPS: Net income per share $ 1.26
  - Result: reported results
  source text: Total revenue $ 1,076.3 $ 888.7 $ 4,079.0 $ 3,343.7 Net income available to common stockholders (1) $ 218.4 $ 227.3 $ 872.3 $ 869.4 Net income per share $ 0.30 $ 0.36 $ 1.26 $ 1.42
  evidence_url: https://www.sec.gov/Archives/edgar/data/726728/000072672824000040/0000726728-24-000040-index.htm

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