secwatch.observer — SEC 8-K summary
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Issuer:     REALTY INCOME CORP (O)
CIK:        0000726728
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0000726728-24-000072
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/726728/000072672824000072/0000726728-24-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/726728/000072672824000072/o-20240506.htm
  HTML page:      https://secwatch.observer/filing/0000726728-24-000072

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