secwatch.observer — SEC 8-K summary
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Issuer:     REALTY INCOME CORP (O)
CIK:        0000726728
Form:       8-K
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0000726728-25-000049
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Realty Income Q4 AFFO $1.05 (+4% YoY); FY AFFO $4.19; announces $2B buyback
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- Q4 AFFO $1.05/share (+4.0% YoY); FY2024 AFFO $4.19/share (+4.8% YoY). Net income $199.6M ($0.23/diluted share).
- Invested $1.7B in Q4 at 7.1% initial cash yield; FY2024 invested $3.9B at 7.4% yield.
- Rent recapture rate 107.4% in Q4 and 105.6% for FY2024 on re-leased properties.
- Subsequent to Dec 31: Board authorized $2.0B share repurchase program in February 2025.
- Net Debt to Annualized Pro Forma Adjusted EBITDAre at 5.4x; portfolio 98.7% occupied with 9.3yr WALT.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/726728/000072672825000049/0000726728-25-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/726728/000072672825000049/o-20250224.htm
  HTML page:      https://secwatch.observer/filing/0000726728-25-000049

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