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AI brief of an SEC Form 8-K · Realty Income (O)

Realty Income Q4 AFFO per share rises 4.0% to $1.05; net income per share falls to $0.23

Mixed Impact 4 of 5 earnings Written later

Realty Income reported fourth-quarter 2024 results on February 24, 2025. Total revenue rose to $1.34 billion from $1.08 billion a year earlier, and AFFO per share increased 4.0% to $1.05, but net income available to common stockholders fell to $199.6 million, or $0.23 per share, from $218.4 million, or $0.30 per share, after $143.0 million of impairment provisions. The board also authorized a share repurchase program of up to $2.0 billion, and the company gave 2025 AFFO per share guidance of $4.22 to $4.28.

Key points

  • Q4 2024 net income per share was $0.23, down from $0.30 in Q4 2023; provisions for impairment were $143.0 million in the quarter
  • Q4 2024 AFFO per share rose 4.0% to $1.05; full-year 2024 AFFO per share rose 4.8% to $4.19
  • In February 2025, the board authorized a repurchase program of up to $2.0 billion in common stock, expiring January 2028
  • 2025 guidance: net income per share $1.52 to $1.58 and AFFO per share $4.22 to $4.28

The filing

CompanyRealty Income (O)
Form8-K, current report
Filed with the SECFeb 24, 2025, 4:07 PM ET
Accession number0000726728-25-000049

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 24, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.