secwatch.observer — SEC 8-K summary
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Issuer:     REALTY INCOME CORP (O)
CIK:        0000726728
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0000726728-24-000127
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 Q3 AFFO $1.05/sh, revenue $1.33B; raises 2024 guidance
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- Net income $261.8M ($0.30/sh) vs $233.5M ($0.33/sh) YoY; AFFO $915.6M ($1.05/sh) vs $721.4M ($1.02/sh).
- Total revenue $1.33B, up 28% YoY; invested $740.1M at 7.4% initial weighted average cash yield.
- 2024 investment volume guidance raised to ~$3.5B; AFFO/sh guidance raised to $4.17-$4.21 (mid-point 4.8% growth).
- Portfolio occupancy 98.7%; rent recapture rate 105.0% on re-leased properties; total annualized contractual rent $4.93B.
- Issued $500M 5.375% senior notes due 2054 and £700M in sterling notes (5.000% due 2029, 5.250% due 2041).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/726728/000072672824000127/0000726728-24-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/726728/000072672824000127/o-20241104.htm
  HTML page:      https://secwatch.observer/filing/0000726728-24-000127

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