Quarterly ResultMay 6, 2026, 04:16 PM
Realty Income Q1 AFFO/Share +6.6% to $1.13; Raises 2026 Guidance
AI Summary
Realty Income Corporation announced strong operating results for the first quarter ended March 31, 2026, with Adjusted Funds from Operations (AFFO) per share increasing 6.6% to $1.13. The company invested $2.8 billion at an initial weighted average cash yield of 7.1% and formed a strategic partnership with Apollo involving a $1.0 billion investment in existing retail assets. Reflecting this momentum, Realty Income raised its full-year investment guidance to $9.5 billion and increased its 2026 AFFO per share guidance range to $4.41-$4.44.
Key Highlights
- AFFO per share increased 6.6% to $1.13 in Q1 2026.
- Net income available to common stockholders was $311.8 million, or $0.33 per share.
- Invested $2.8 billion in Q1 2026 at a 7.1% initial weighted average cash yield.
- Formed a $1.0 billion strategic partnership with Apollo for retail assets.
- Increased 2026 AFFO per share guidance to $4.41-$4.44 (from $4.38-$4.42).
- Increased full-year investment guidance to $9.5 billion (from $8.0 billion).
- Portfolio occupancy was 98.9% as of March 31, 2026.
- Achieved a rent recapture rate of 103.4% on re-leased properties.