secwatch.observer — SEC 8-K summary
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Issuer:     REALTY INCOME CORP (O)
CIK:        0000726728
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0000726728-26-000028
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 Q1 AFFO $1.13 (+6.6% YoY); revenue $1.55B; raises 2026 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/726728/000072672826000028/0000726728-26-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/726728/000072672826000028/o-20260506.htm
  HTML page:      https://secwatch.observer/filing/0000726728-26-000028

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