secwatch.observer — SEC 8-K summary
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Issuer:     REALTY INCOME CORP (O)
CIK:        0000726728
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0000726728-25-000129
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 Q2 AFFO $1.05/sh; raises 2025 investment guide to ~$5B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/726728/000072672825000129/0000726728-25-000129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/726728/000072672825000129/o-20250806.htm
  HTML page:      https://secwatch.observer/filing/0000726728-25-000129

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