---
schema_version: "secwatch.filing_event.v1"
accession: "0000726728-25-000093"
form_type: "8-K"
ticker: "O"
cik: "0000726728"
company_name: "REALTY INCOME CORP"
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T19:48:58.201213+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Realty Income Q1 2025: AFFO per share $1.06 (+2.9% YoY); invested $1.4B at 7.5% yield

## Summary
- Revenue $1.38B vs $1.26B YoY; net income $249.8M ($0.28 diluted EPS).
- AFFO per share $1.06, up 2.9% YoY; Normalized FFO per share $1.05 flat YoY.
- Invested $1.4B at 7.5% initial weighted avg cash yield; rent recapture 103.9%.
- Net Debt to Annualized Pro Forma Adjusted EBITDAre 5.4x.
- In April 2025: issued $600M 5.125% notes due 2035; expanded credit facilities to $5.38B.

## SEC filing metadata
- accession: 0000726728-25-000093
- form_type: 8-K
- ticker: O
- cik: 0000726728
- company_name: REALTY INCOME CORP
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/726728/000072672825000093/0000726728-25-000093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/726728/000072672825000093/o-20250505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000726728-25-000093
- JSON: https://secwatch.observer/filing/0000726728-25-000093.json
- Plain text: https://secwatch.observer/filing/0000726728-25-000093.txt

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