secwatch.observer — SEC 8-K summary
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Issuer:     REALTY INCOME CORP (O)
CIK:        0000726728
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0000726728-24-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/726728/000072672824000040/0000726728-24-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/726728/000072672824000040/o-20240220.htm
  HTML page:      https://secwatch.observer/filing/0000726728-24-000040

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