earnings
confidence high
sentiment positive
materiality 0.75
Realty Income Q2 AFFO per share $1.09, up 3.8% YoY; raises 2026 guidance to $4.44-$4.45
REALTY INCOME CORP
- Net income $344M ($0.37/diluted); AFFO per share $1.09 vs $1.05 prior year.
- Invested $2.6B ($2.1B pro-rata) at 7.3% initial cash yield; rent recapture 102.7%.
- Net debt to annualized pro forma adjusted EBITDA 5.4x.
- Raised 2026 AFFO guidance to $4.44-$4.45, ~4% growth at midpoint.
- Subsequent events: issued €600M 3.625% notes due 2032; Fitch assigned 'A' rating.