Realty Income Posts Q4 AFFO $1.08, Plans $8B Investments for 9% Returns
Realty Income reported Q4 2025 AFFO of $1.08 per share, up from $1.05 a year earlier, driven by higher occupancy and increased rents. The REIT exceeded its 2025 investment target with $6.3 billion deployed and plans $8 billion of investments in 2026 to deliver roughly 9% total operational returns.
1. Q4 2025 Results
Realty Income generated Q4 AFFO of $1.08 per share, up from $1.05 in the prior-year quarter. Growth was driven by elevated property occupancy rates and higher rent collections across retail and industrial portfolios.
2. 2025 Investment Performance
The REIT invested $6.3 billion in 2025, surpassing its original $4 billion target. Deployment was supported by new capital partnerships and diversified investments in credit opportunities, property development and European acquisitions.
3. 2026 Investment Plan and Returns
For 2026, management plans to deploy $8 billion in new assets, focusing on digital conversions and growth initiatives. These investments are structured to deliver approximately 9% total operational returns through yield expansion and portfolio optimization.