Realty Income Corp (O) News & EventsORealty Income Corp

Realty Income Corporation Plans to Offer $750M Convertible Senior Notes

Realty Income Corporation announced its intention to offer, subject to market and other conditions, $750M aggregate principal amount of convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.

Realty Income Q2 Revenue $1.55B Beats Expectations

Reports Q2 revenue $1.55B, consensus $1.44B. "Our results reflect the strength of Realty Income's diversified platform and our disciplined approach to capital allocation," said CEO Sumit Roy. "As demonstrated by our recently announced $6 billion hyperscale data center joint venture and the continued expansion of our Realty Income Investment Management platform, we are leveraging our scale, relationships, and track record to access new sources of growth while maintaining the same disciplined underwriting standards that have defined Realty Income for decades. Supported by the resilience of our core portfolio and contributions from these complementary growth channels, we delivered another quarter of solid AFFO per share growth and invested approximately $2.6B, or $2.1B at our share, during the quarter. As a result, we are pleased to raise our 2026 AFFO per share guidance to $4.44-$4.45, reflecting approximately 4% growth rate at the midpoint."

Company Reports Q1 Revenue of $1.55B, Beating Expectations

Reports Q1 revenue $1.55B, consensus $1.39B. "Our Q1 results underscore the strength and resiliency of our global investment and operating platforms. Importantly, we demonstrated significant progress towards a key strategic goal of diversifying our sources of permanent equity beyond the public markets. These new private capital vehicles allow us to grow with deep and stable pockets of capital, enhancing our financial returns for shareholders and expanding our ability to invest in an ever-broadening range of high-quality net lease opportunities and geographies," said CEO Sumit Roy. "The partnerships with Apollo and GIC, together with the completion of the $1.7 billion cornerstone capital raise for our U.S. Core Plus fund during the quarter, represent very meaningful advancements in our private capital strategy and establish new programmatic capital relationships with leading institutions. During the quarter, we invested approximately $2.8B, $2.6B of which was our share, and our pipeline remains very active. As a result, we are increasing our full-year investment guidance to $9.5B from $8B. Given the strong momentum across the business, we are increasing our 2026 AFFO per share guidance range to $4.41-$4.44, reflecting projected annual per share growth of 3.0% to 3.7%. Our outlook is a testament to the unmatched scale, track record and operating capabilities of our global net lease enterprise."