earnings
confidence high
sentiment positive
materiality 0.75
Realty Income Q1 AFFO $1.13 (+6.6% YoY); revenue $1.55B; raises 2026 guidance
REALTY INCOME CORP
2026-Q1 EPS reported
$0.33
revenue$1,548,727,000
- Net income available to common stockholders $311.8M ($0.33/diluted share); revenue $1.55B vs $1.38B YoY.
- AFFO per share $1.13, up 6.6% YoY; Normalized FFO $1.07 per share.
- Invested $2.8B ($2.6B pro-rata) at 7.1% initial cash yield; formed Apollo partnership with $1B initial investment.
- Raised 2026 investment guidance to $9.5B from $8B; AFFO guidance raised to $4.41-$4.44 per share.
- Rent recapture rate 103.4%; Net Debt to Annualized Pro Forma EBITDA 5.2x.