---
schema_version: "secwatch.filing_event.v1"
accession: "0000726728-25-000146"
form_type: "8-K"
ticker: "O"
cik: "0000726728"
company_name: "REALTY INCOME CORP"
filed_at: "2025-11-03T23:59:59+00:00"
generated_at: "2026-05-17T00:59:41.079918+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Realty Income Q3 AFFO $1.08/share, up 2.9% YoY; raises 2025 AFFO guidance to $4.25-$4.27

## Summary
- Net income available to common stockholders $315.8M ($0.35/share); AFFO $1.08/share vs $1.05 YoY.
- Total revenue $1.47B, up 10.5% YoY; invested $1.4B at initial cash yield of 7.7%.
- Rent recapture rate of 103.5% on re-leased properties; Net Debt/EBITDAre 5.4x.
- 2025 AFFO guidance raised to $4.25-$4.27/share; investment volume guidance ~$5.5B.
- In October 2025, issued $400M 3.950% notes due 2029 and $400M 4.500% notes due 2033.

## SEC filing metadata
- accession: 0000726728-25-000146
- form_type: 8-K
- ticker: O
- cik: 0000726728
- company_name: REALTY INCOME CORP
- filed_at: 2025-11-03T23:59:59+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/726728/000072672825000146/0000726728-25-000146-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/726728/000072672825000146/o-20251103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000726728-25-000146
- JSON: https://secwatch.observer/filing/0000726728-25-000146.json
- Plain text: https://secwatch.observer/filing/0000726728-25-000146.txt

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