---
schema_version: "secwatch.filing_event.v1"
accession: "0000726728-25-000129"
form_type: "8-K"
ticker: "O"
cik: "0000726728"
company_name: "REALTY INCOME CORP"
filed_at: "2025-08-06T23:59:59+00:00"
generated_at: "2026-05-17T20:10:53.101649+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Realty Income Q2 AFFO $1.05/sh; raises 2025 investment guide to ~$5B

## Summary
- 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.

## SEC filing metadata
- accession: 0000726728-25-000129
- form_type: 8-K
- ticker: O
- cik: 0000726728
- company_name: REALTY INCOME CORP
- filed_at: 2025-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/726728/000072672825000129/0000726728-25-000129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/726728/000072672825000129/o-20250806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000726728-25-000129
- JSON: https://secwatch.observer/filing/0000726728-25-000129.json
- Plain text: https://secwatch.observer/filing/0000726728-25-000129.txt

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