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

Realty Income Q4 EPS rises to $0.32 from $0.23; 2026 AFFO guidance $4.38-$4.42

Positive Impact 4 of 5 guidance Written later

Realty Income reported fourth-quarter 2025 net income available to common stockholders of $296.1 million, or $0.32 per share, up from $199.6 million, or $0.23 per share, a year earlier, on total revenue of $1,487.9 million versus $1,340.3 million. The company also introduced 2026 AFFO per share guidance of $4.38 to $4.42, compared with full-year 2025 AFFO of $4.28 per share.

Key points

  • Q4 2025 net income per share was $0.32, compared with $0.23 in Q4 2024; AFFO per share was $1.08, compared with $1.05
  • Full-year 2025 AFFO per share was $4.28, compared with $4.19 in 2024
  • 2026 guidance: net income per share of $1.65 to $1.69 and AFFO per share of $4.38 to $4.42; initial investment volume of approximately $8.0 billion
  • Occupancy was 98.9% at December 31, 2025, compared with 98.7% at September 30, 2025

The filing

CompanyRealty Income (O)
Form8-K, current report
Filed with the SECFeb 24, 2026, 4:08 PM ET
Accession number0000726728-26-000009

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

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits 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, 2026.

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