earnings
confidence high
sentiment positive
materiality 0.75
Realty Income Q2 AFFO $1.05/sh; raises 2025 investment guide to ~$5B
REALTY INCOME CORP
2025-Q2 EPS reported
$0.50
revenue$2,790,883,000
- Net income $196.9M ($0.22/sh); revenue $1.41B; AFFO $1.05/sh vs $1.06 prior year.
- Invested $1.2B in Q2 at 7.2% initial cash yield; 76% of investments in Europe.
- Raised 2025 investment guidance to ~$5.0B; raised low-end of AFFO guidance to $4.24-$4.28/sh.
- Issued €650M of 3.375% notes due 2031 and €650M of 3.875% notes due 2035.
- Net Debt to Annualized Adj. EBITDA 5.5x; rent recapture rate 103.4% on re-leases.
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