---
schema_version: "secwatch.filing_event.v1"
accession: "0000726728-24-000072"
form_type: "8-K"
ticker: "O"
cik: "0000726728"
company_name: "REALTY INCOME CORP"
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:35:39.241879+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Realty Income Q1 AFFO $1.03/share, revenue up 33% YoY; Spirit merger closed Jan 23

## Summary
- Net income $129.7M ($0.16 diluted EPS) vs $225M ($0.34) YoY; includes $94.1M merger costs and $89.5M impairment.
- AFFO $862.9M ($1.03/share) compared to $650.7M ($0.98) in prior year.
- Total revenue $1,260.5M vs $944.4M YoY, driven by Spirit merger and new investments.
- Ex-Spirit invested $598M at 7.8% initial cash yield; 54% in U.K./Europe at 8.2% yield.
- Occupancy 98.6%, same-store rental revenue +0.8%; annualized dividend raised to $3.084.

## SEC filing metadata
- accession: 0000726728-24-000072
- form_type: 8-K
- ticker: O
- cik: 0000726728
- company_name: REALTY INCOME CORP
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/726728/000072672824000072/0000726728-24-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/726728/000072672824000072/o-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000726728-24-000072
- JSON: https://secwatch.observer/filing/0000726728-24-000072.json
- Plain text: https://secwatch.observer/filing/0000726728-24-000072.txt

## Key facts
- Earnings Releases
  REALTY INCOME CORP reported financial results for the three months ended March 31, 2024.
  - Period: the three months ended March 31, 2024
  - Result: reported results
  source text: On May 6, 2024, Realty Income Corporation (the “Company”) issued a press release setting forth its results of operations for the three months ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/726728/000072672824000072/0000726728-24-000072-index.htm

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