Realty Income Q2 revenue beats estimates on high occupancy, re-leasing - O News | RalliesRealty Income Q2 revenue beats estimates on high occupancy, re-leasing
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O• Outlook
- Realty Income raises 2026 AFFO per share guidance to $4.44-$4.45 from $4.41-$4.44
- Company now expects 2026 investment volume of $10.0 bln, up from $9.5 bln prior forecast
- Company sees 2026 same store rent growth of 1.1%-1.3% and occupancy around 98.5%
Overview
- U.S. real estate investment trust's Q2 revenue grew 9.7% yr/yr, beating analyst expectations
- Adjusted FFO per share for Q2 rose 3.8% yr/yr
- Company raised 2026 AFFO per share guidance to $4.44-$4.45, reflecting about 4% growth
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q2 Revenue | Beat | $1.55 bln | $1.47 bln (12 Analysts) |
| Q2 EPS | | $0.37 | |
| Q2 Net Income | | $344 mln | |
| Q2 FFO | | $996.60 mln | |
| Q2 Adjusted FFO Per Share | | $1.09 | |
| Q2 FFO Per Share | | $1.07 | |
Result drivers
- Investment activity - Co invested $2.1 bln at its share in Q2 at a weighted average cash yield of 7.3%
