Realty Income Announces Operating Results for the Three and Six Months Ended June 30, 2026

Key Points:

• Realty Income Corporation reported net income available to common stockholders of $344.0 million, or $0.37 per share, for Q2 2026, with Adjusted Funds from Operations (AFFO) per share increasing 3.8% year-over-year to $1.09.
• The company invested $2.6 billion during the quarter at an initial weighted average cash yield of 7.3%, maintaining a net debt to annualized pro forma Adjusted EBITDAre ratio of 5.4x, and achieved a rent recapture rate of 102.7% on re-leased properties.
• Subsequent to June 30, 2026, Realty Income issued €600 million of senior unsecured notes due 2032, expanded its revolving credit facility and commercial paper programs to $5.5 billion each, and received an 'A' long-term issuer default rating with a stable outlook from Fitch Ratings.
• The company raised $843 million through common stock sales under its ATM program in Q2 2026 and increased its 2026 AFFO per share guidance to $4.44-$4.45, reflecting approximately 4% growth at the midpoint.
• Realty Income's portfolio comprises over 15,500 properties leased to 1,798 clients across 92 industries, with a high occupancy rate of 98.8% as of June 30, 2026, and it announced its 115th consecutive quarterly dividend increase, raising the monthly dividend by 0.7% compared to the prior year.